Jabil (NYSE:JBL – Get Free Report) issued its quarterly earnings data on Thursday. The technology company reported $2.30 earnings per share for the quarter, beating the consensus estimate of $2.22 by $0.08, Briefing.com reports. Jabil had a net margin of 4.63% and a return on equity of 40.30%. The firm had revenue of $6.96 billion for the quarter, compared to analyst estimates of $6.59 billion. During the same quarter last year, the firm earned $2.34 earnings per share. The company’s revenue for the quarter was down 17.7% on a year-over-year basis.
Jabil Stock Performance
NYSE JBL opened at $122.31 on Friday. The company’s fifty day moving average is $107.42 and its two-hundred day moving average is $116.72. Jabil has a 52-week low of $95.85 and a 52-week high of $156.94. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.13 and a quick ratio of 0.74. The firm has a market capitalization of $13.88 billion, a price-to-earnings ratio of 11.13, a P/E/G ratio of 2.23 and a beta of 1.25.
Jabil Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, September 4th. Investors of record on Thursday, August 15th were paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.26%. The ex-dividend date was Thursday, August 15th. Jabil’s payout ratio is currently 2.91%.
Insider Activity at Jabil
Analyst Ratings Changes
Several research firms have weighed in on JBL. Bank of America raised their target price on Jabil from $135.00 to $150.00 and gave the company a “buy” rating in a report on Friday. JPMorgan Chase & Co. reduced their target price on Jabil from $137.00 to $133.00 and set an “overweight” rating for the company in a report on Tuesday, September 3rd. Stifel Nicolaus increased their price target on Jabil from $130.00 to $140.00 and gave the company a “buy” rating in a report on Friday. Barclays boosted their price objective on shares of Jabil from $135.00 to $157.00 and gave the stock an “overweight” rating in a research note on Friday. Finally, UBS Group lowered their target price on shares of Jabil from $130.00 to $120.00 and set a “neutral” rating on the stock in a research note on Friday, June 21st. Two investment analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $145.75.
View Our Latest Research Report on JBL
Jabil Company Profile
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).
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