Zacks: Brokerages Anticipate Jabil Inc (NYSE:JBL) to Announce $0.66 EPS

Wall Street analysts expect that Jabil Inc (NYSE:JBL) will announce $0.66 earnings per share for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Jabil’s earnings, with the highest EPS estimate coming in at $0.68 and the lowest estimate coming in at $0.61. Jabil posted earnings of $0.88 per share during the same quarter last year, which would suggest a negative year-over-year growth rate of 25%. The firm is scheduled to report its next quarterly earnings report on Tuesday, September 22nd.

According to Zacks, analysts expect that Jabil will report full-year earnings of $2.58 per share for the current financial year, with EPS estimates ranging from $2.53 to $2.61. For the next fiscal year, analysts expect that the company will post earnings of $3.50 per share, with EPS estimates ranging from $3.40 to $3.64. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that cover Jabil.

Jabil (NYSE:JBL) last released its earnings results on Friday, June 19th. The technology company reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.19. The firm had revenue of $6.34 billion during the quarter, compared to the consensus estimate of $5.61 billion. Jabil had a return on equity of 4.35% and a net margin of 0.15%. The firm’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.57 earnings per share.

A number of equities research analysts have weighed in on the company. Citigroup upped their target price on Jabil from $30.00 to $40.00 and gave the stock a “buy” rating in a research report on Monday, June 22nd. Argus cut their target price on Jabil from $52.00 to $38.00 and set a “buy” rating for the company in a research report on Tuesday, March 17th. Bank of America upgraded Jabil from a “neutral” rating to a “buy” rating and set a $37.00 target price for the company in a research report on Friday, May 15th. ValuEngine upgraded Jabil from a “sell” rating to a “hold” rating in a research report on Wednesday, March 18th. Finally, Zacks Investment Research downgraded Jabil from a “hold” rating to a “sell” rating and set a $34.00 price objective for the company. in a research report on Thursday, June 4th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the stock. Jabil has a consensus rating of “Hold” and a consensus target price of $36.75.

Large investors have recently made changes to their positions in the company. Synovus Financial Corp acquired a new stake in shares of Jabil during the 1st quarter valued at $29,000. Chevy Chase Trust Holdings Inc. acquired a new stake in Jabil during the 4th quarter valued at $51,000. Banque Cantonale Vaudoise acquired a new stake in Jabil during the 4th quarter valued at $79,000. Signaturefd LLC raised its stake in Jabil by 103.1% during the 1st quarter. Signaturefd LLC now owns 4,009 shares of the technology company’s stock valued at $99,000 after purchasing an additional 2,035 shares during the period. Finally, Orion Portfolio Solutions LLC acquired a new stake in Jabil during the 4th quarter valued at $112,000. Institutional investors own 89.87% of the company’s stock.

JBL traded down $1.07 during trading on Friday, reaching $30.58. The stock had a trading volume of 2,309,805 shares, compared to its average volume of 1,664,265. The firm has a market capitalization of $4.77 billion, a price-to-earnings ratio of 127.42, a price-to-earnings-growth ratio of 9.77 and a beta of 1.26. The company has a quick ratio of 0.57, a current ratio of 0.94 and a debt-to-equity ratio of 1.46. Jabil has a 1-year low of $17.63 and a 1-year high of $44.20. The stock has a 50 day moving average of $30.87 and a two-hundred day moving average of $33.12.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 3rd. Stockholders of record on Friday, May 15th were given a dividend of $0.08 per share. The ex-dividend date of this dividend was Thursday, May 14th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.05%. Jabil’s dividend payout ratio (DPR) is presently 17.68%.

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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