Jabil Inc (NYSE:JBL) Expected to Post Quarterly Sales of $6.25 Billion

Equities research analysts expect that Jabil Inc (NYSE:JBL) will post sales of $6.25 billion for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Jabil’s earnings, with the highest sales estimate coming in at $6.27 billion and the lowest estimate coming in at $6.23 billion. Jabil posted sales of $6.57 billion during the same quarter last year, which would indicate a negative year over year growth rate of 4.9%. The firm is scheduled to issue its next quarterly earnings report on Tuesday, September 22nd.

On average, analysts expect that Jabil will report full-year sales of $26.22 billion for the current financial year, with estimates ranging from $26.20 billion to $26.23 billion. For the next financial year, analysts forecast that the business will post sales of $26.47 billion, with estimates ranging from $25.99 billion to $26.79 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that follow Jabil.

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

A number of research analysts recently issued reports on the company. Zacks Investment Research lowered 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. Cfra reduced their price target on Jabil from $47.00 to $29.00 and set a “hold” rating for the company in a research report on Friday, March 13th. Royal Bank of Canada boosted their price target on Jabil from $30.00 to $35.00 and gave the stock a “sector perform” rating in a research report on Monday, June 22nd. Bank of America upgraded Jabil from a “neutral” rating to a “buy” rating and set a $37.00 price target for the company in a research report on Friday, May 15th. Finally, Citigroup boosted their price target on Jabil from $30.00 to $40.00 and gave the stock a “buy” rating in a research report on Monday, June 22nd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $36.75.

NYSE:JBL traded up $1.69 during midday trading on Monday, reaching $32.27. 1,420,375 shares of the company traded hands, compared to its average volume of 1,579,114. Jabil has a twelve month low of $17.63 and a twelve month high of $44.20. The firm has a market capitalization of $4.66 billion, a price-to-earnings ratio of 127.42, a price-to-earnings-growth ratio of 9.44 and a beta of 1.26. The company has a debt-to-equity ratio of 1.46, a current ratio of 0.94 and a quick ratio of 0.57. The company has a fifty day moving average price of $30.87 and a 200 day moving average price of $33.12.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 3rd. Stockholders of record on Friday, May 15th were paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date was Thursday, May 14th. Jabil’s dividend payout ratio is presently 17.68%.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Synovus Financial Corp acquired a new stake in shares of Jabil during the first quarter worth $29,000. Chevy Chase Trust Holdings Inc. acquired a new stake in shares of Jabil during the fourth quarter worth $51,000. Banque Cantonale Vaudoise acquired a new stake in shares of Jabil during the fourth quarter worth $79,000. Signaturefd LLC raised its position in shares of Jabil by 103.1% during the first quarter. Signaturefd LLC now owns 4,009 shares of the technology company’s stock worth $99,000 after purchasing an additional 2,035 shares during the period. Finally, Orion Portfolio Solutions LLC acquired a new stake in shares of Jabil during the fourth quarter worth $112,000. 89.87% of the stock is currently owned by institutional investors.

About Jabil

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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