Jabil (NYSE:JBL) Releases Q3 Earnings Guidance

Jabil (NYSE:JBL) issued an update on its third quarter earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $2.08-2.48 for the period, compared to the consensus estimate of $2.22. The company issued revenue guidance of $6.7-7.3 billion, compared to the consensus revenue estimate of $6.74 billion. Jabil also updated its FY 2025 guidance to 8.950-8.950 EPS.

Jabil Price Performance

NYSE JBL opened at $145.02 on Friday. The stock’s 50-day moving average price is $155.96 and its two-hundred day moving average price is $137.91. The company has a current ratio of 1.06, a quick ratio of 0.72 and a debt-to-equity ratio of 1.81. The company has a market cap of $15.83 billion, a PE ratio of 13.90, a PEG ratio of 1.65 and a beta of 1.19. Jabil has a 1 year low of $95.85 and a 1 year high of $174.80.

Jabil (NYSE:JBL) last posted its quarterly earnings data on Thursday, March 20th. The technology company reported $1.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.83 by $0.11. Jabil had a return on equity of 41.87% and a net margin of 4.71%. The firm had revenue of $6.73 billion for the quarter, compared to the consensus estimate of $6.40 billion. During the same quarter in the previous year, the company earned $1.68 EPS. The business’s revenue for the quarter was down .6% compared to the same quarter last year. On average, analysts predict that Jabil will post 8.05 EPS for the current year.

Jabil Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th were paid a dividend of $0.08 per share. The ex-dividend date was Tuesday, February 18th. This represents a $0.32 annualized dividend and a yield of 0.22%. Jabil’s dividend payout ratio (DPR) is presently 3.07%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on JBL shares. The Goldman Sachs Group boosted their price target on Jabil from $160.00 to $179.00 and gave the company a “buy” rating in a research note on Monday, February 24th. JPMorgan Chase & Co. boosted their price target on Jabil from $172.00 to $175.00 and gave the company an “overweight” rating in a research note on Friday. StockNews.com raised Jabil from a “hold” rating to a “buy” rating in a research note on Friday. Stifel Nicolaus reissued a “buy” rating and issued a $160.00 price target (up previously from $150.00) on shares of Jabil in a research note on Thursday, December 19th. Finally, UBS Group boosted their price target on Jabil from $152.00 to $157.00 and gave the company a “neutral” rating in a research note on Friday. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $167.50.

Insiders Place Their Bets

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 stock was sold at an average price of $149.81, for a total transaction of $599,240.00. Following the completion of the sale, the executive vice president now owns 138,472 shares of the company’s stock, valued at $20,744,490.32. This represents a 2.81 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Christopher S. Holland sold 3,400 shares of the company’s stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $162.27, for a total value of $551,718.00. Following the transaction, the director now owns 12,900 shares of the company’s stock, valued at approximately $2,093,283. This trade represents a 20.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 77,400 shares of company stock valued at $12,804,458 over the last 90 days. 1.73% of the stock is currently owned by company insiders.

About Jabil

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).