Jabil (NYSE:JBL) Releases Quarterly Earnings Results, Beats Expectations By $0.01 EPS

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Jabil (NYSE:JBL) released its earnings results on Thursday, June 14th. The technology company reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.01, Bloomberg Earnings reports. Jabil had a return on equity of 15.68% and a net margin of 0.89%. The firm had revenue of $5.44 billion during the quarter, compared to analysts’ expectations of $4.90 billion. During the same quarter last year, the business posted $0.31 earnings per share. The firm’s revenue was up 21.1% on a year-over-year basis. Jabil updated its Q4 guidance to $0.56-$0.80 EPS.

Jabil stock traded up $0.15 during midday trading on Friday, reaching $27.66. 1,760,830 shares of the stock traded hands, compared to its average volume of 2,092,639. Jabil has a 12 month low of $23.70 and a 12 month high of $31.77. The firm has a market cap of $4.85 billion, a PE ratio of 14.95, a PEG ratio of 1.13 and a beta of 0.42. The company has a current ratio of 1.02, a quick ratio of 0.51 and a debt-to-equity ratio of 1.00.

The company also recently declared a quarterly dividend, which was paid on Friday, June 1st. Investors of record on Tuesday, May 15th were paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 1.16%. The ex-dividend date of this dividend was Monday, May 14th. Jabil’s payout ratio is presently 17.30%.

Jabil declared that its Board of Directors has approved a share repurchase plan on Thursday, June 14th that permits the company to buyback $350.00 million in shares. This buyback authorization permits the technology company to repurchase up to 7.2% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s management believes its shares are undervalued.

Several research firms recently issued reports on JBL. Zacks Investment Research cut Jabil from a “hold” rating to a “sell” rating in a research report on Wednesday, June 20th. ValuEngine cut Jabil from a “buy” rating to a “hold” rating in a research report on Wednesday, May 2nd. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $33.00.

In related news, President William E. Peters sold 13,915 shares of the stock in a transaction that occurred on Monday, April 2nd. The stock was sold at an average price of $28.07, for a total transaction of $390,594.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Over the last three months, insiders have sold 41,745 shares of company stock valued at $1,157,867. 2.60% of the stock is owned by corporate insiders.

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).

Earnings History for Jabil (NYSE:JBL)

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