Jabil Inc (JBL) Receives Consensus Rating of “Hold” from Analysts
Jabil Inc (NYSE:JBL) has received an average recommendation of “Hold” from the nine analysts that are currently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation, one has issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $29.40.
Several equities analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of Jabil from a “sell” rating to a “hold” rating in a research note on Friday. Raymond James upgraded shares of Jabil from a “market perform” rating to a “strong-buy” rating and set a $34.00 target price for the company in a research note on Monday, April 1st. Finally, TheStreet upgraded shares of Jabil from a “c+” rating to a “b” rating in a research note on Monday, February 25th.
In other news, CEO Alessandro Parimbelli sold 17,000 shares of the stock in a transaction dated Monday, April 8th. The shares were sold at an average price of $29.22, for a total value of $496,740.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Steven D. Borges sold 10,000 shares of the stock in a transaction dated Wednesday, April 17th. The shares were sold at an average price of $31.00, for a total transaction of $310,000.00. Following the completion of the sale, the chief executive officer now owns 257,615 shares of the company’s stock, valued at $7,986,065. The disclosure for this sale can be found here. Over the last quarter, insiders sold 68,888 shares of company stock valued at $2,034,530. Company insiders own 2.90% of the company’s stock.
Shares of JBL stock traded up $0.45 during trading hours on Thursday, hitting $28.04. The company’s stock had a trading volume of 31,825 shares, compared to its average volume of 1,373,530. The company has a market capitalization of $4.22 billion, a P/E ratio of 12.93, a price-to-earnings-growth ratio of 1.06 and a beta of 0.65. The company has a debt-to-equity ratio of 1.34, a current ratio of 1.02 and a quick ratio of 0.60. Jabil has a 12-month low of $21.49 and a 12-month high of $31.50.
Jabil (NYSE:JBL) last released its quarterly earnings data on Thursday, March 14th. The technology company reported $0.43 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.06). The business had revenue of $6.01 billion during the quarter, compared to analysts’ expectations of $6.12 billion. Jabil had a net margin of 0.74% and a return on equity of 18.89%. The firm’s revenue was up 13.3% on a year-over-year basis. During the same period last year, the company earned $0.66 earnings per share. As a group, sell-side analysts forecast that Jabil will post 2.3 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Wednesday, May 15th will be paid a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 1.14%. The ex-dividend date of this dividend is Tuesday, May 14th. Jabil’s dividend payout ratio is currently 14.75%.
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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