Jabil (NYSE:JBL) Issues Quarterly Earnings Results, Beats Expectations By $0.12 EPS

Jabil (NYSE:JBL) issued its quarterly earnings data on Wednesday. The technology company reported $2.00 earnings per share for the quarter, topping analysts’ consensus estimates of $1.88 by $0.12, Briefing.com reports. The business had revenue of $6.99 billion during the quarter, compared to analysts’ expectations of $6.61 billion. Jabil had a net margin of 4.81% and a return on equity of 42.64%. Jabil’s revenue for the quarter was down 16.6% on a year-over-year basis. During the same period in the previous year, the company earned $2.60 earnings per share. Jabil updated its Q2 guidance to $1.60-2.00 EPS and its FY25 guidance to $8.75 EPS.

Jabil Stock Performance

NYSE:JBL opened at $133.98 on Wednesday. The stock has a market capitalization of $14.96 billion, a P/E ratio of 12.16, a price-to-earnings-growth ratio of 1.57 and a beta of 1.25. 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 1 year low of $95.85 and a 1 year high of $156.94. The firm has a 50 day moving average of $129.98 and a 200-day moving average of $117.78.

Jabil Dividend Announcement

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

Analysts Set New Price Targets

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

Insider Buying and Selling

In other news, EVP Matthew Crowley sold 1,380 shares of the company’s stock in a transaction that occurred on Friday, October 18th. The shares were sold at an average price of $125.83, for a total transaction of $173,645.40. Following the transaction, the executive vice president now directly owns 18,568 shares in the company, valued at approximately $2,336,411.44. This represents a 6.92 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Steven A. Raymund sold 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $124.70, for a total transaction of $2,494,000.00. Following the completion of the sale, the director now directly owns 139,108 shares of the company’s stock, valued at approximately $17,346,767.60. This represents a 12.57 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 43,689 shares of company stock worth $5,377,431 in the last three months. 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).