$6.96 Billion in Sales Expected for Jabil Inc (NYSE:JBL) This Quarter
Brokerages forecast that Jabil Inc (NYSE:JBL) will report sales of $6.96 billion for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Jabil’s earnings. The lowest sales estimate is $6.92 billion and the highest is $7.00 billion. Jabil reported sales of $6.51 billion during the same quarter last year, which would suggest a positive year-over-year growth rate of 6.9%. The firm is expected to issue its next quarterly earnings results on Tuesday, December 17th.
According to Zacks, analysts expect that Jabil will report full year sales of $25.96 billion for the current year, with estimates ranging from $25.92 billion to $25.99 billion. For the next financial year, analysts expect that the business will report sales of $26.88 billion, with estimates ranging from $26.78 billion to $26.95 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that follow Jabil.
Jabil (NYSE:JBL) last announced its quarterly earnings data on Tuesday, September 24th. The technology company reported $0.88 EPS for the quarter, topping the Zacks’ consensus estimate of $0.86 by $0.02. The business had revenue of $6.57 billion for the quarter, compared to analyst estimates of $6.63 billion. Jabil had a net margin of 1.14% and a return on equity of 15.90%. The firm’s revenue for the quarter was up 13.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.70 earnings per share.
In other Jabil news, Director Thomas A. Sansone sold 75,000 shares of the company’s stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of $33.25, for a total value of $2,493,750.00. Following the transaction, the director now directly owns 192,988 shares in the company, valued at $6,416,851. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Courtney J. Ryan sold 10,000 shares of the company’s stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $32.00, for a total transaction of $320,000.00. Following the completion of the transaction, the executive vice president now owns 307,413 shares in the company, valued at $9,837,216. The disclosure for this sale can be found here. Insiders have sold 368,132 shares of company stock worth $13,455,049 over the last ninety days. Insiders own 2.90% of the company’s stock.
Several large investors have recently added to or reduced their stakes in JBL. Private Capital Group LLC increased its holdings in shares of Jabil by 1,804.5% in the second quarter. Private Capital Group LLC now owns 1,276 shares of the technology company’s stock valued at $35,000 after purchasing an additional 1,209 shares during the last quarter. Advisory Services Network LLC increased its holdings in shares of Jabil by 57.1% in the second quarter. Advisory Services Network LLC now owns 1,238 shares of the technology company’s stock valued at $39,000 after purchasing an additional 450 shares during the last quarter. Steward Partners Investment Advisory LLC acquired a new position in shares of Jabil in the second quarter valued at $42,000. Psagot Investment House Ltd. acquired a new position in shares of Jabil in the third quarter valued at $53,000. Finally, Doyle Wealth Management acquired a new position in shares of Jabil in the second quarter valued at $93,000. Hedge funds and other institutional investors own 89.40% of the company’s stock.
NYSE JBL traded up $0.89 on Friday, hitting $39.05. 1,296,188 shares of the stock were exchanged, compared to its average volume of 1,317,308. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.98 and a quick ratio of 0.62. The business’s fifty day moving average is $37.97 and its 200 day moving average is $31.83. Jabil has a 52 week low of $21.49 and a 52 week high of $39.72. The company has a market capitalization of $5.93 billion, a PE ratio of 21.57, a P/E/G ratio of 1.30 and a beta of 0.99.
The company also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Friday, November 15th were given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.82%. The ex-dividend date of this dividend was Thursday, November 14th. Jabil’s dividend payout ratio (DPR) is currently 17.68%.
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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