Wall Street analysts expect that Jabil Inc (NYSE:JBL) will announce $6.61 billion in sales for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Jabil’s earnings, with estimates ranging from $6.60 billion to $6.62 billion. Jabil reported sales of $5.77 billion during the same quarter last year, which would suggest a positive year over year growth rate of 14.6%. The firm is scheduled to announce its next quarterly earnings report on Tuesday, September 24th.
According to Zacks, analysts expect that Jabil will report full year sales of $25.32 billion for the current financial year, with estimates ranging from $25.30 billion to $25.32 billion. For the next year, analysts anticipate that the company will report sales of $26.39 billion, with estimates ranging from $26.19 billion to $26.56 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that follow Jabil.
Jabil (NYSE:JBL) last released its earnings results on Tuesday, June 18th. The technology company reported $0.57 EPS for the quarter, hitting analysts’ consensus estimates of $0.57. The company had revenue of $6.14 billion during the quarter, compared to analysts’ expectations of $6.01 billion. Jabil had a net margin of 0.72% and a return on equity of 18.57%. Jabil’s revenue for the quarter was up 12.9% on a year-over-year basis. During the same period last year, the business earned $0.46 EPS.
A number of research firms recently commented on JBL. Raymond James reiterated a “sell” rating and issued a $0.25 target price on shares of Bellatrix Exploration in a research note on Monday, April 1st. Zacks Investment Research cut shares of CGI from a “buy” rating to a “hold” rating in a research note on Wednesday, June 19th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $29.33.
JBL stock traded down $0.11 during trading on Monday, reaching $30.25. The company had a trading volume of 913,047 shares, compared to its average volume of 1,261,856. The business has a 50-day simple moving average of $29.12. The firm has a market cap of $4.64 billion, a P/E ratio of 13.94, a price-to-earnings-growth ratio of 1.17 and a beta of 0.97. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.61 and a current ratio of 1.01. Jabil has a twelve month low of $21.49 and a twelve month high of $32.24.
In related news, CEO Alessandro Parimbelli sold 3,500 shares of the business’s stock in a transaction on Monday, June 24th. The shares were sold at an average price of $30.78, for a total value of $107,730.00. Following the completion of the sale, the chief executive officer now owns 317,292 shares of the company’s stock, valued at approximately $9,766,247.76. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Courtney J. Ryan sold 20,000 shares of the business’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $32.00, for a total transaction of $640,000.00. Following the completion of the sale, the executive vice president now directly owns 316,909 shares of the company’s stock, valued at approximately $10,141,088. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 46,500 shares of company stock valued at $1,460,795. Insiders own 2.90% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Cerebellum GP LLC purchased a new stake in Jabil in the 2nd quarter valued at about $131,000. FDx Advisors Inc. purchased a new stake in Jabil in the 2nd quarter valued at about $204,000. Bessemer Group Inc. raised its holdings in Jabil by 2.9% in the 2nd quarter. Bessemer Group Inc. now owns 70,263 shares of the technology company’s stock valued at $2,221,000 after buying an additional 1,949 shares during the period. Foundry Partners LLC raised its holdings in Jabil by 0.6% in the 2nd quarter. Foundry Partners LLC now owns 318,731 shares of the technology company’s stock valued at $10,072,000 after buying an additional 2,000 shares during the period. Finally, Oakbrook Investments LLC raised its holdings in Jabil by 5.5% in the 2nd quarter. Oakbrook Investments LLC now owns 16,400 shares of the technology company’s stock valued at $518,000 after buying an additional 850 shares during the period. 89.42% of the stock is owned by institutional investors.
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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