Jabil (NYSE:JBL) Updates Q3 Earnings Guidance

Jabil (NYSE:JBL) issued an update on its third quarter earnings guidance on Thursday morning. The company provided earnings per share guidance of $2.08-2.48 for the period, compared to the consensus earnings per share 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 Stock Performance

Shares of NYSE JBL opened at $139.29 on Thursday. The business has a fifty day simple moving average of $156.35 and a 200 day simple moving average of $137.62. 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 firm has a market capitalization of $15.21 billion, a price-to-earnings ratio of 13.35, a PEG ratio of 1.65 and a beta of 1.19. Jabil has a one year low of $95.85 and a one year high of $174.80.

Jabil (NYSE:JBL) last issued its earnings results on Thursday, March 20th. The technology company reported $1.94 EPS for the quarter, beating analysts’ consensus estimates of $1.83 by $0.11. The business had revenue of $6.73 billion during the quarter, compared to analyst estimates of $6.40 billion. Jabil had a return on equity of 41.87% and a net margin of 4.71%. Jabil’s revenue was down .6% on a year-over-year basis. During the same period in the prior year, the company posted $1.68 earnings per share. Sell-side analysts expect that Jabil will post 8.05 EPS for the current year.

Jabil Announces Dividend

The business also recently disclosed 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 of this dividend was Tuesday, February 18th. This represents a $0.32 annualized dividend and a yield of 0.23%. Jabil’s dividend payout ratio is currently 3.07%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Barclays increased their price objective on Jabil from $157.00 to $179.00 and gave the stock an “overweight” rating in a research note on Friday, December 20th. Stifel Nicolaus restated a “buy” rating and set a $160.00 target price (up previously from $150.00) on shares of Jabil in a report on Thursday, December 19th. StockNews.com cut Jabil from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. The Goldman Sachs Group increased their target price on Jabil from $160.00 to $179.00 and gave the stock a “buy” rating in a report on Monday, February 24th. Finally, UBS Group increased their target price on Jabil from $128.00 to $152.00 and gave the stock a “neutral” rating in a report on Thursday, December 19th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $158.83.

Insider Activity at Jabil

In related news, Director Christopher S. Holland sold 3,400 shares of the firm’s stock in a transaction dated 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 in the company, valued at $2,093,283. This trade represents a 20.86 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Frederic E. Mccoy sold 4,000 shares of the firm’s stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $149.81, for a total value of $599,240.00. Following the completion of 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 disclosure for this sale can be found here. Insiders have sold a total of 77,400 shares of company stock worth $12,804,458 over the last 90 days. Insiders own 1.73% of the company’s stock.

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).