Jabil (JBL) Releases Q3 2019 Earnings Guidance

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Jabil (NYSE:JBL) updated its third quarter 2019 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $0.47-0.67 for the period, compared to the Thomson Reuters consensus estimate of $0.61. The company issued revenue guidance of $5.7-6.3 billion, compared to the consensus revenue estimate of $6.1 billion.Jabil also updated its Q3 guidance to $0.47-0.67 EPS.

A number of analysts have weighed in on the company. Wolfe Research assumed coverage on Jabil in a research note on Tuesday, December 11th. They issued a market perform rating on the stock. Citigroup cut their price target on Jabil to $24.00 and set a sell rating on the stock in a research note on Tuesday, November 27th. They noted that the move was a valuation call. TheStreet upgraded Jabil from a c+ rating to a b rating in a research note on Monday, February 25th. ValuEngine upgraded Jabil from a sell rating to a hold rating in a research note on Wednesday, November 28th. Finally, Zacks Investment Research upgraded Jabil from a hold rating to a buy rating and set a $27.00 price target on the stock in a research note on Wednesday, January 9th. One analyst has rated the stock with a sell rating, four have issued a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of Hold and a consensus price target of $28.20.

Shares of JBL stock opened at $27.41 on Friday. The stock has a market cap of $4.23 billion, a price-to-earnings ratio of 12.63, a PEG ratio of 0.93 and a beta of 0.61. Jabil has a 1 year low of $21.49 and a 1 year high of $31.77. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.62 and a current ratio of 1.02.

Jabil (NYSE:JBL) last issued its quarterly earnings data on Thursday, March 14th. The technology company reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.03. The company had revenue of $6.01 billion for the quarter, compared to analyst estimates of $6.12 billion. Jabil had a return on equity of 19.52% and a net margin of 0.63%. The business’s quarterly revenue was up 13.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.66 earnings per share. Analysts predict that Jabil will post 2.45 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 15th were issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 1.17%. The ex-dividend date was Thursday, February 14th. Jabil’s payout ratio is 14.75%.

In other Jabil news, CEO Michael J. Loparco sold 5,000 shares of the firm’s stock in a transaction dated Friday, January 25th. The stock was sold at an average price of $25.67, for a total transaction of $128,350.00. Following the transaction, the chief executive officer now owns 296,943 shares of the company’s stock, valued at $7,622,526.81. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Kenneth S. Wilson sold 6,000 shares of the firm’s stock in a transaction dated Wednesday, January 2nd. The stock was sold at an average price of $24.30, for a total value of $145,800.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 41,022 shares of company stock worth $1,125,766. Corporate 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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