Jabil Inc. Declares Quarterly Dividend of $0.08 (NYSE:JBL)

Jabil Inc. (NYSE:JBL) declared a quarterly dividend on Friday, January 24th,Wall Street Journal reports. Shareholders of record on Tuesday, February 18th will be paid a dividend of 0.08 per share by the technology company on Tuesday, March 4th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.18%. The ex-dividend date of this dividend is Tuesday, February 18th.

Jabil has a dividend payout ratio of 3.2% meaning its dividend is sufficiently covered by earnings. Analysts expect Jabil to earn $9.71 per share next year, which means the company should continue to be able to cover its $0.32 annual dividend with an expected future payout ratio of 3.3%.

Jabil Stock Up 1.2 %

NYSE JBL traded up $2.02 during trading hours on Friday, reaching $173.26. 1,585,041 shares of the company traded hands, compared to its average volume of 1,420,857. The stock has a market capitalization of $18.92 billion, a PE ratio of 16.61, a PEG ratio of 1.68 and a beta of 1.23. The company has a current ratio of 1.06, a quick ratio of 0.72 and a debt-to-equity ratio of 1.81. Jabil has a 12 month low of $95.85 and a 12 month high of $174.80. The company has a 50 day moving average of $143.58 and a two-hundred day moving average of $124.78.

Jabil (NYSE:JBL) last released its earnings results on Wednesday, December 18th. The technology company reported $2.00 EPS for the quarter, topping analysts’ consensus estimates of $1.88 by $0.12. The company had revenue of $6.99 billion for the quarter, compared to the consensus estimate of $6.61 billion. Jabil had a return on equity of 41.87% and a net margin of 4.71%. Jabil’s quarterly revenue was down 16.6% compared to the same quarter last year. During the same quarter last year, the business posted $2.60 EPS. As a group, equities analysts expect that Jabil will post 8.03 earnings per share for the current year.

Insider Buying and Selling

In other Jabil news, EVP Frederic E. Mccoy sold 4,000 shares of the company’s stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $149.81, for a total value of $599,240.00. Following the transaction, the executive vice president now owns 138,472 shares in the company, valued at approximately $20,744,490.32. This represents a 2.81 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Francis Mckay sold 11,755 shares of Jabil stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $121.71, for a total transaction of $1,430,701.05. Following the sale, the senior vice president now directly owns 41,507 shares of the company’s stock, valued at $5,051,816.97. This trade represents a 22.07 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 40,038 shares of company stock valued at $5,579,666. 1.73% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

JBL has been the topic of several recent research reports. The Goldman Sachs Group lifted their price objective on shares of Jabil from $136.00 to $145.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. Bank of America increased their price objective on Jabil from $135.00 to $150.00 and gave the stock a “buy” rating in a report on Friday, September 27th. Stifel Nicolaus reaffirmed a “buy” rating and set a $160.00 target price (up previously from $150.00) on shares of Jabil in a research note on Thursday, December 19th. StockNews.com raised shares of Jabil from a “hold” rating to a “buy” rating in a report on Tuesday. Finally, UBS Group raised their target price on shares of Jabil from $128.00 to $152.00 and gave the company a “neutral” rating in a research note on Thursday, December 19th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $153.17.

Jabil Company Profile

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).