Jabil (NYSE:JBL) Releases Q2 Earnings Guidance

Jabil (NYSE:JBL) issued an update on its second quarter earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $1.60-2.00 for the period, compared to the consensus estimate of $1.79. The company issued revenue guidance of $6.10-6.70 billion, compared to the consensus revenue estimate of $6.27 billion. Jabil also updated its FY25 guidance to $8.75 EPS.

Jabil Trading Down 0.7 %

NYSE JBL opened at $133.98 on Wednesday. The stock has a market cap of $14.96 billion, a price-to-earnings ratio of 12.16, a PEG ratio of 1.57 and a beta of 1.25. The firm’s 50 day moving average price is $129.98 and its two-hundred day moving average price is $117.78. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.72 and a current ratio of 1.09. Jabil has a twelve month low of $95.85 and a twelve month high of $156.94.

Jabil (NYSE:JBL) last posted its quarterly earnings results on Wednesday, December 18th. The technology company reported $2.00 EPS for the quarter, beating the consensus estimate of $1.88 by $0.12. Jabil had a net margin of 4.81% and a return on equity of 42.64%. The business had revenue of $6.99 billion for the quarter, compared to analysts’ expectations of $6.61 billion. During the same period in the previous year, the company posted $2.60 EPS. Jabil’s revenue was down 16.6% on a year-over-year basis. Equities analysts anticipate that Jabil will post 7.89 EPS for the current year.

Jabil Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 3rd. Investors of record on Friday, November 15th were paid a dividend of $0.08 per share. The ex-dividend date was Friday, November 15th. This represents a $0.32 annualized dividend and a yield of 0.24%. Jabil’s payout ratio is 2.90%.

Analyst Ratings Changes

A number of research firms have weighed in on JBL. StockNews.com raised Jabil from a “buy” rating to a “strong-buy” rating in a report on Wednesday, November 27th. Bank of America upped their target price on shares of Jabil from $135.00 to $150.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. Barclays upped their target price on shares of Jabil from $135.00 to $157.00 and gave the company an “overweight” rating in a research report on Friday, September 27th. Stifel Nicolaus increased their target price on Jabil from $140.00 to $150.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Jabil from $137.00 to $133.00 and set an “overweight” rating on the stock in a research note on Tuesday, September 3rd. Two analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $145.17.

Insider Buying and Selling

In other news, Director Steven A. Raymund sold 20,000 shares of the stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $124.70, for a total transaction of $2,494,000.00. Following the sale, the director now directly owns 139,108 shares of the company’s stock, valued at approximately $17,346,767.60. This represents a 12.57 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Matthew Crowley sold 1,380 shares of the business’s stock in a transaction that occurred on Friday, October 18th. The shares were sold at an average price of $125.83, for a total transaction of $173,645.40. Following the transaction, the executive vice president now owns 18,568 shares of the company’s stock, valued at approximately $2,336,411.44. This represents a 6.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 43,689 shares of company stock valued at $5,377,431. 1.73% of the stock is owned by 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).