Jabil Inc (NYSE:JBL) Sees Large Drop in Short Interest
Jabil Inc (NYSE:JBL) was the recipient of a large drop in short interest in the month of July. As of July 15th, there was short interest totalling 4,102,500 shares, a drop of 10.0% from the June 15th total of 4,560,400 shares. Based on an average daily volume of 1,140,000 shares, the short-interest ratio is currently 3.6 days. Approximately 3.0% of the shares of the stock are sold short.
Several analysts have recently commented on the stock. Raymond James restated a “sell” rating and set a $0.25 price objective on shares of Bellatrix Exploration in a research report on Monday, April 1st. Zacks Investment Research downgraded shares of CGI from a “buy” rating to a “hold” rating in a report on Wednesday, June 19th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Hold” and an average price target of $29.33.
In other news, Director Martha Brooks sold 10,000 shares of the firm’s stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $30.22, for a total transaction of $302,200.00. Following the sale, the director now directly owns 92,400 shares in the company, valued at approximately $2,792,328. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Alessandro Parimbelli sold 3,500 shares of the firm’s stock in a transaction on Monday, June 24th. The shares were sold at an average price of $30.78, for a total transaction of $107,730.00. Following the sale, the chief executive officer now owns 317,292 shares in the company, valued at $9,766,247.76. The disclosure for this sale can be found here. Insiders have sold a total of 46,500 shares of company stock worth $1,460,795 over the last 90 days. Insiders own 2.90% of the company’s stock.
Shares of Jabil stock traded up $0.08 during trading hours on Monday, reaching $31.20. The company’s stock had a trading volume of 44,163 shares, compared to its average volume of 995,178. The business’s 50 day simple moving average is $29.88. Jabil has a one year low of $21.49 and a one year high of $32.24. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.61 and a current ratio of 1.01. The stock has a market cap of $4.75 billion, a PE ratio of 14.41, a P/E/G ratio of 1.20 and a beta of 0.97.
Jabil (NYSE:JBL) last released its quarterly earnings results on Tuesday, June 18th. The technology company reported $0.57 EPS for the quarter, hitting analysts’ consensus estimates of $0.57. Jabil had a net margin of 0.72% and a return on equity of 18.57%. The firm had revenue of $6.14 billion during the quarter, compared to analysts’ expectations of $6.01 billion. During the same period in the previous year, the company earned $0.46 EPS. The firm’s revenue for the quarter was up 12.9% compared to the same quarter last year. Research analysts anticipate that Jabil will post 2.16 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 3rd. Shareholders of record on Thursday, August 15th will be given a $0.08 dividend. The ex-dividend date is Wednesday, August 14th. This represents a $0.32 annualized dividend and a yield of 1.03%. Jabil’s dividend payout ratio (DPR) is 14.75%.
Jabil Company Profile
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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