Jabil (NYSE:JBL) Issues Earnings Results

Jabil (NYSE:JBLGet Free Report) announced its earnings results on Wednesday. The technology company reported $3.16 earnings per share for the quarter, beating analysts’ consensus estimates of $3.12 by $0.04, FiscalAI reports. The business had revenue of $8.75 billion during the quarter, compared to analyst estimates of $8.61 billion. Jabil had a net margin of 2.48% and a return on equity of 80.96%.

Jabil Trading Down 2.4%

Shares of JBL stock opened at $376.40 on Wednesday. Jabil has a 52-week low of $185.00 and a 52-week high of $398.89. The company has a debt-to-equity ratio of 2.50, a quick ratio of 0.68 and a current ratio of 1.01. The firm has a market capitalization of $39.71 billion, a PE ratio of 50.52, a PEG ratio of 1.81 and a beta of 1.28. The stock has a fifty day simple moving average of $343.79 and a two-hundred day simple moving average of $279.53.

Jabil Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 2nd. Shareholders of record on Friday, May 15th were paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date was Friday, May 15th. Jabil’s dividend payout ratio is presently 4.30%.

Insiders Place Their Bets

In other Jabil news, SVP Gary K. Schick sold 1,000 shares of the stock in a transaction dated Thursday, April 30th. The shares were sold at an average price of $340.00, for a total transaction of $340,000.00. Following the completion of the transaction, the senior vice president owned 39,843 shares of the company’s stock, valued at $13,546,620. This represents a 2.45% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP May Yee Yap sold 1,634 shares of the stock in a transaction dated Thursday, April 16th. The shares were sold at an average price of $306.74, for a total transaction of $501,213.16. Following the transaction, the senior vice president directly owned 23,787 shares of the company’s stock, valued at $7,296,424.38. This trade represents a 6.43% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 37,981 shares of company stock worth $11,360,740 in the last three months. 1.35% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in JBL. Integrated Wealth Concepts LLC lifted its holdings in shares of Jabil by 34.4% in the 1st quarter. Integrated Wealth Concepts LLC now owns 2,811 shares of the technology company’s stock valued at $382,000 after acquiring an additional 720 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Jabil by 70.9% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,320 shares of the technology company’s stock worth $2,493,000 after purchasing an additional 7,602 shares during the period. Focus Partners Wealth raised its position in Jabil by 20.0% in the 1st quarter. Focus Partners Wealth now owns 4,967 shares of the technology company’s stock worth $676,000 after purchasing an additional 829 shares during the period. Geneos Wealth Management Inc. raised its position in Jabil by 50.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 582 shares of the technology company’s stock worth $79,000 after purchasing an additional 194 shares during the period. Finally, Jump Financial LLC purchased a new stake in Jabil in the 2nd quarter worth about $488,000. Institutional investors own 93.39% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on JBL. Wall Street Zen lowered Jabil from a “strong-buy” rating to a “buy” rating in a research note on Saturday, April 11th. Stifel Nicolaus upped their price objective on Jabil from $290.00 to $430.00 and gave the stock a “buy” rating in a research note on Monday. Weiss Ratings lowered Jabil from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, April 24th. Robert W. Baird upped their price objective on Jabil from $275.00 to $281.00 and gave the stock an “outperform” rating in a research note on Thursday, March 19th. Finally, JPMorgan Chase & Co. upped their price objective on Jabil from $270.00 to $300.00 and gave the stock an “overweight” rating in a research note on Thursday, March 12th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $357.25.

View Our Latest Stock Report on Jabil

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Jabil Company Profile

(Get Free Report)

Jabil Inc (NYSE: JBL) is a global manufacturing solutions provider specializing in electronic manufacturing services (EMS) and diversified products across a wide range of industries. The company partners with original equipment manufacturers to deliver design engineering, supply chain management, precision manufacturing, and aftermarket services. Jabil’s expertise spans sectors such as healthcare, automotive, clean technology, telecommunications, consumer electronics, and packaging, enabling it to support both high-volume production and complex, mission-critical applications.

Founded in 1966 by William E.

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Earnings History for Jabil (NYSE:JBL)

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