Jabil (NYSE:JBL) Issues Q2 Earnings Guidance

Jabil (NYSE:JBL) updated its second quarter earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $1.60-2.00 for the period, compared to the consensus estimate of $1.79. The company issued revenue guidance of $6.10-6.70 billion, compared to the consensus revenue estimate of $6.27 billion. Jabil also updated its FY25 guidance to $8.75 EPS.

Jabil Stock Down 0.7 %

NYSE:JBL opened at $133.98 on Wednesday. The company has a current ratio of 1.09, a quick ratio of 0.72 and a debt-to-equity ratio of 1.66. Jabil has a twelve month low of $95.85 and a twelve month high of $156.94. The company has a market cap of $14.96 billion, a PE ratio of 12.16, a P/E/G ratio of 1.57 and a beta of 1.25. The company’s 50 day moving average is $129.98 and its two-hundred day moving average is $117.78.

Jabil (NYSE:JBL) last announced its quarterly earnings data on Wednesday, December 18th. The technology company reported $2.00 earnings per share for the quarter, beating analysts’ consensus estimates of $1.88 by $0.12. The firm had revenue of $6.99 billion for the quarter, compared to analyst estimates of $6.61 billion. Jabil had a net margin of 4.81% and a return on equity of 42.64%. The business’s quarterly revenue was down 16.6% compared to the same quarter last year. During the same period in the previous year, the company earned $2.60 earnings per share. Analysts anticipate that Jabil will post 7.89 EPS for the current year.

Jabil Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 3rd. Investors of record on Friday, November 15th were given a $0.08 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $0.32 dividend on an annualized basis and a yield of 0.24%. Jabil’s dividend payout ratio is currently 2.90%.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Barclays increased their price target on Jabil from $135.00 to $157.00 and gave the stock an “overweight” rating in a research report on Friday, September 27th. StockNews.com upgraded Jabil from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, November 27th. Stifel Nicolaus lifted their target price on shares of Jabil from $140.00 to $150.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. JPMorgan Chase & Co. lowered their price target on shares of Jabil from $137.00 to $133.00 and set an “overweight” rating on the stock in a report on Tuesday, September 3rd. Finally, Bank of America raised their price target on shares of Jabil from $135.00 to $150.00 and gave the company a “buy” rating in a research report on Friday, September 27th. Two analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Jabil has an average rating of “Moderate Buy” and a consensus price target of $145.17.

Insiders Place Their Bets

In other news, EVP Matthew Crowley sold 1,380 shares of the stock in a transaction that occurred on Friday, October 18th. The shares were sold at an average price of $125.83, for a total value of $173,645.40. Following the completion of the sale, the executive vice president now owns 18,568 shares of the company’s stock, valued at $2,336,411.44. This represents a 6.92 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Francis Mckay sold 11,755 shares of Jabil stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $121.71, for a total transaction of $1,430,701.05. Following the sale, the senior vice president now directly owns 41,507 shares in the company, valued at approximately $5,051,816.97. The trade was a 22.07 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 43,689 shares of company stock worth $5,377,431. Company insiders own 1.73% of the company’s stock.

About Jabil

Jabil Inc provides manufacturing services and solutions worldwide. It operates in two segments, Electronics Manufacturing Services and Diversified Manufacturing Services. The company offers electronics design, production, and product management services; 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).