Zacks: Brokerages Anticipate Jabil Inc (JBL) Will Post Quarterly Sales of $4.91 Billion
Wall Street analysts forecast that Jabil Inc (NYSE:JBL) will post sales of $4.91 billion for the current quarter, Zacks reports. Four analysts have made estimates for Jabil’s earnings, with the lowest sales estimate coming in at $4.90 billion and the highest estimate coming in at $4.92 billion. Jabil reported sales of $4.45 billion in the same quarter last year, which would suggest a positive year over year growth rate of 10.3%. The firm is expected to issue its next earnings report on Wednesday, March 21st.
On average, analysts expect that Jabil will report full-year sales of $4.91 billion for the current year, with estimates ranging from $20.16 billion to $20.79 billion. For the next financial year, analysts forecast that the firm will report sales of $21.05 billion per share, with estimates ranging from $20.68 billion to $21.46 billion. Zacks’ sales averages are an average based on a survey of sell-side research analysts that follow Jabil.
Jabil (NYSE:JBL) last posted its earnings results on Thursday, December 14th. The technology company reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.01. Jabil had a net margin of 0.54% and a return on equity of 12.95%. The firm had revenue of $5.59 billion during the quarter, compared to analysts’ expectations of $5.50 billion. During the same period in the previous year, the business posted $0.69 EPS. The business’s revenue was up 9.4% compared to the same quarter last year.
Jabil (NYSE JBL) opened at $25.83 on Tuesday. The company has a quick ratio of 0.50, a current ratio of 0.95 and a debt-to-equity ratio of 0.72. The stock has a market cap of $4,530.00, a price-to-earnings ratio of 44.53, a P/E/G ratio of 1.03 and a beta of 0.53. Jabil has a 12 month low of $23.70 and a 12 month high of $31.70.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Thursday, February 15th will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date of this dividend is Wednesday, February 14th. Jabil’s dividend payout ratio is presently 55.17%.
In other news, CEO Mark T. Mondello sold 30,000 shares of the stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $28.48, for a total value of $854,400.00. Following the completion of the sale, the chief executive officer now directly owns 1,836,889 shares in the company, valued at $52,314,598.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, President William E. Peters sold 13,915 shares of the stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $26.00, for a total transaction of $361,790.00. Following the completion of the sale, the president now owns 608,499 shares of the company’s stock, valued at $15,820,974. The disclosure for this sale can be found here. Insiders sold 69,830 shares of company stock valued at $1,942,383 over the last quarter. Company insiders own 2.60% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the company. PNC Financial Services Group Inc. raised its position in shares of Jabil by 17.2% in the second quarter. PNC Financial Services Group Inc. now owns 9,607 shares of the technology company’s stock valued at $281,000 after buying an additional 1,413 shares during the last quarter. Parametric Portfolio Associates LLC raised its position in shares of Jabil by 8.9% in the third quarter. Parametric Portfolio Associates LLC now owns 717,446 shares of the technology company’s stock valued at $20,483,000 after buying an additional 58,900 shares during the last quarter. Polianta Ltd acquired a new stake in shares of Jabil in the fourth quarter valued at about $1,034,000. Crossmark Global Holdings Inc. acquired a new stake in shares of Jabil in the third quarter valued at about $835,000. Finally, Jane Street Group LLC acquired a new stake in shares of Jabil in the third quarter valued at about $815,000. Institutional investors and hedge funds own 97.92% of the company’s stock.
Jabil Inc, formerly Jabil Circuit, Inc, provides electronic manufacturing services and solutions throughout the world. The Company operates in two segments, which include Electronics Manufacturing Services (EMS) and Diversified Manufacturing Services (DMS). The Company’s EMS segment is focused on leveraging information technology (IT), supply chain design and engineering, technologies centered on core electronics, sharing of its large scale manufacturing infrastructure and the ability to serve a range of markets.
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