Jabil (NYSE:JBL) declared a quarterly dividend on Thursday, April 19th, RTT News reports. Investors of record on Tuesday, May 15th will be paid a dividend of 0.08 per share by the technology company on Friday, June 1st. This represents a $0.32 annualized dividend and a yield of 1.13%.
Jabil has a payout ratio of 15.5% indicating that its dividend is sufficiently covered by earnings. Analysts expect Jabil to earn $2.45 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 13.1%.
NYSE JBL traded down $0.99 on Thursday, hitting $28.37. 1,762,065 shares of the company were exchanged, compared to its average volume of 2,188,437. The company has a market cap of $5,155.44, a price-to-earnings ratio of 15.34, a price-to-earnings-growth ratio of 1.20 and a beta of 0.41. The company has a quick ratio of 0.54, a current ratio of 1.04 and a debt-to-equity ratio of 0.95. Jabil has a 1-year low of $23.70 and a 1-year high of $31.77.
Jabil (NYSE:JBL) last issued its quarterly earnings results on Thursday, March 15th. The technology company reported $0.66 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.62 by $0.04. The business had revenue of $5.30 billion for the quarter, compared to the consensus estimate of $4.91 billion. Jabil had a net margin of 0.60% and a return on equity of 14.31%. The firm’s quarterly revenue was up 19.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.48 EPS. equities analysts expect that Jabil will post 2.05 earnings per share for the current year.
In other news, President William E. Peters sold 13,915 shares of the company’s stock in a transaction dated Monday, April 2nd. The stock was sold at an average price of $28.07, for a total value of $390,594.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Sergio Cadavid sold 2,869 shares of the company’s stock in a transaction dated Friday, March 16th. The shares were sold at an average price of $30.00, for a total value of $86,070.00. Following the completion of the sale, the senior vice president now directly owns 60,305 shares of the company’s stock, valued at $1,809,150. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 77,066 shares of company stock worth $2,182,410. Corporate insiders own 2.60% of the company’s stock.
A number of research analysts have issued reports on JBL shares. Zacks Investment Research downgraded shares of Jabil from a “hold” rating to a “sell” rating in a research report on Tuesday, March 20th. Standpoint Research upgraded shares of Jabil from a “hold” rating to a “buy” rating in a research report on Tuesday, February 27th. Finally, Goldman Sachs cut their target price on shares of Jabil to $24.00 and set a “sell” rating on the stock in a research report on Friday, January 26th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the company. Jabil presently has an average rating of “Hold” and an average price target of $32.90.
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Jabil Company Profile
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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