Jabil (NYSE:JBL – Get Free Report) issued an update on its FY 2025 earnings guidance on Thursday morning. The company provided earnings per share guidance of 8.650-8.650 for the period, compared to the consensus earnings per share estimate of 8.620. The company issued revenue guidance of $27.0 billion-$27.0 billion, compared to the consensus revenue estimate of $27.2 billion. Jabil also updated its FY25 guidance to $8.65 EPS.
Wall Street Analyst Weigh In
A number of analysts have recently commented on the company. Barclays lifted their price target on shares of Jabil from $135.00 to $157.00 and gave the company an overweight rating in a research report on Friday. UBS Group decreased their price target on shares of Jabil from $130.00 to $120.00 and set a neutral rating for the company in a research report on Friday, June 21st. Stifel Nicolaus raised their price objective on Jabil from $130.00 to $140.00 and gave the company a buy rating in a research report on Friday. Bank of America upped their target price on Jabil from $135.00 to $150.00 and gave the stock a buy rating in a research report on Friday. Finally, JPMorgan Chase & Co. dropped their target price on Jabil from $137.00 to $133.00 and set an overweight rating on the stock in a report on Tuesday, September 3rd. Two research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of Moderate Buy and a consensus target price of $145.75.
Check Out Our Latest Report on JBL
Jabil Stock Down 3.4 %
Jabil (NYSE:JBL – Get Free Report) last issued its earnings results on Thursday, September 26th. The technology company reported $2.30 EPS for the quarter, beating analysts’ consensus estimates of $2.22 by $0.08. The company had revenue of $6.96 billion during the quarter, compared to the consensus estimate of $6.59 billion. Jabil had a return on equity of 40.30% and a net margin of 4.63%. Jabil’s quarterly revenue was down 17.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.34 earnings per share. On average, sell-side analysts forecast that Jabil will post 7.85 earnings per share for the current fiscal year.
Jabil Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, September 4th. Shareholders of record on Thursday, August 15th were given a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.26%. The ex-dividend date was Thursday, August 15th. Jabil’s dividend payout ratio (DPR) is 2.91%.
Insider Buying and Selling at Jabil
In other news, EVP Frederic E. Mccoy sold 1,250 shares of the company’s stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $116.42, for a total value of $145,525.00. Following the completion of the sale, the executive vice president now directly owns 112,753 shares of the company’s stock, valued at approximately $13,126,704.26. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, EVP Frederic E. Mccoy sold 1,250 shares of the firm’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $116.42, for a total transaction of $145,525.00. Following the completion of the transaction, the executive vice president now owns 112,753 shares of the company’s stock, valued at $13,126,704.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP May Yee Yap sold 4,274 shares of Jabil stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $117.04, for a total value of $500,228.96. Following the transaction, the senior vice president now directly owns 24,829 shares in the company, valued at $2,905,986.16. The disclosure for this sale can be found here. 2.62% of the stock is owned by company insiders.
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).
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