Jabil (JBL) Issues Q2 2019 Earnings Guidance

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Jabil (NYSE:JBL) issued an update on its second quarter 2019 earnings guidance on Tuesday morning. The company provided EPS guidance of $0.51-0.71 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.61. The company issued revenue guidance of $5.8-6.4 billion, compared to the consensus revenue estimate of $5.81 billion.

JBL stock traded up $0.65 during midday trading on Tuesday, hitting $22.21. The stock had a trading volume of 3,742,517 shares, compared to its average volume of 1,887,863. The stock has a market cap of $3.45 billion, a P/E ratio of 10.24, a price-to-earnings-growth ratio of 0.76 and a beta of 0.56. Jabil has a 52 week low of $21.49 and a 52 week high of $31.77. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.04 and a quick ratio of 0.57.

Jabil (NYSE:JBL) last issued its earnings results on Tuesday, September 25th. The technology company reported $0.70 EPS for the quarter, topping the consensus estimate of $0.68 by $0.02. The firm had revenue of $5.77 billion during the quarter, compared to analysts’ expectations of $5.41 billion. Jabil had a return on equity of 16.56% and a net margin of 0.39%. Jabil’s quarterly revenue was up 14.9% compared to the same quarter last year. During the same period last year, the business earned $0.64 earnings per share. Equities research analysts anticipate that Jabil will post 2.38 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 3rd. Shareholders of record on Thursday, November 15th were issued a dividend of $0.08 per share. The ex-dividend date of this dividend was Wednesday, November 14th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.44%. Jabil’s payout ratio is presently 14.75%.

A number of research analysts have issued reports on the company. Wolfe Research assumed coverage on Jabil in a report on Tuesday, December 11th. They set a market perform rating for the company. ValuEngine raised Jabil from a sell rating to a hold rating in a report on Wednesday, November 28th. Citigroup cut their price objective on Jabil to $24.00 and set a sell rating for the company in a report on Tuesday, November 27th. They noted that the move was a valuation call. JPMorgan Chase & Co. cut their price objective on Jabil from $37.00 to $34.00 and set a buy rating for the company in a report on Wednesday, November 14th. Finally, TheStreet cut Jabil from a b- rating to a c+ rating in a report on Tuesday, October 9th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus price target of $29.75.

In other news, CEO Mark T. Mondello sold 30,000 shares of the firm’s stock in a transaction on Friday, September 21st. The stock was sold at an average price of $30.01, for a total value of $900,300.00. Following the completion of the sale, the chief executive officer now directly owns 1,801,889 shares in the company, valued at $54,074,688.89. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, President William E. Peters sold 13,915 shares of the firm’s stock in a transaction on Monday, October 1st. The shares were sold at an average price of $26.99, for a total value of $375,565.85. Following the completion of the sale, the president now owns 497,647 shares of the company’s stock, valued at $13,431,492.53. The disclosure for this sale can be found here. Over the last three months, insiders have sold 78,330 shares of company stock valued at $2,178,856. Company insiders own 2.90% of the company’s stock.

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About Jabil

Jabil Inc provides electronic manufacturing services and solutions worldwide. The company operates through two segments, Electronics Manufacturing Services and Diversified Manufacturing Services. It offers electronics design, production, and product management services. The company provides electronic circuit design services, such as application-specific integrated circuit design, firmware development and rapid prototyping services; and designs plastic and metal enclosures that include the electro-mechanics, such as the printed circuit board assemblies (PCBA).

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