Jabil (NYSE:JBL) issued an update on its fourth quarter earnings guidance on Thursday morning. The company provided earnings per share guidance of $0.56-$0.80 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.68. The company issued revenue guidance of $5.2-$5.6 billion, compared to the consensus revenue estimate of $5.19 billion.

Shares of NYSE JBL traded up $0.08 during trading hours on Thursday, hitting $29.66. 2,122,845 shares of the stock were exchanged, compared to its average volume of 1,954,703. The company has a quick ratio of 0.54, a current ratio of 1.04 and a debt-to-equity ratio of 0.95. The firm has a market cap of $5.17 billion, a PE ratio of 15.96, a price-to-earnings-growth ratio of 1.20 and a beta of 0.42. Jabil has a 12 month low of $23.70 and a 12 month high of $31.77.

Jabil (NYSE:JBL) last posted its quarterly earnings data on Tuesday, June 12th. The technology company reported $0.46 EPS for the quarter, topping the consensus estimate of $0.45 by $0.01. The firm had revenue of $5.44 billion during the quarter, compared to analyst estimates of $4.90 billion. Jabil had a net margin of 0.60% and a return on equity of 14.31%. Jabil’s revenue was up 21.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.31 EPS. equities research analysts anticipate that Jabil will post 2.05 earnings per share for the current fiscal year.

The company also recently disclosed 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. The ex-dividend date was Monday, May 14th. This represents a $0.32 annualized dividend and a dividend yield of 1.08%. Jabil’s dividend payout ratio (DPR) is presently 17.30%.

JBL has been the subject of several recent analyst reports. Standpoint Research upgraded shares of Jabil from a hold rating to a buy rating in a research note on Tuesday, February 27th. Zacks Investment Research upgraded shares of Jabil from a sell rating to a hold rating in a research note on Wednesday, May 16th. Finally, ValuEngine lowered shares of Jabil from a buy rating to a hold rating in a research note on Wednesday, May 2nd. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus target price of $32.90.

In other news, Director Thomas A. Sansone sold 15,000 shares of the company’s stock in a transaction on Friday, March 16th. The shares were sold at an average price of $29.88, for a total value of $448,200.00. Following the sale, the director now directly owns 184,188 shares of the company’s stock, valued at approximately $5,503,537.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President William E. Peters sold 13,915 shares of the company’s stock in a transaction on Friday, June 1st. The shares were sold at an average price of $28.64, for a total transaction of $398,525.60. The disclosure for this sale can be found here. In the last three months, insiders have sold 77,066 shares of company stock worth $2,213,441. 2.60% of the stock is owned by insiders.

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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