Key Points
- SVP insider sale: Jabil SVP Gary Schick sold 1,000 shares on April 30 at an average price of $340.00 for $340,000, a 2.45% reduction that leaves him with 39,843 shares (≈$13.55M); the trade was disclosed in an SEC filing.
- Quarterly beat and growth: Jabil reported Q earnings of $2.69 EPS vs. $2.51 expected and revenue of $8.28B vs. $7.75B, with revenue up 23.1% year-over-year and analysts forecasting ~11.3 EPS for the year.
- Dividend and stock metrics: Jabil declared a $0.08 quarterly dividend payable June 2 (ex-dividend May 15), the stock sits near its 52-week high (~$349.62) with a market cap of ~$35.9B and a PE of 45.73.
Jabil, Inc. (NYSE:JBL - Get Free Report) SVP Gary Schick sold 1,000 shares of the business's stock in a transaction dated Thursday, April 30th. The shares were sold at an average price of $340.00, for a total value of $340,000.00. Following the sale, the senior vice president owned 39,843 shares in the company, valued at approximately $13,546,620. The trade was a 2.45% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Jabil Stock Down 0.5%
Jabil stock opened at $340.67 on Tuesday. The company has a debt-to-equity ratio of 2.50, a quick ratio of 0.68 and a current ratio of 1.01. The business's 50-day simple moving average is $281.97 and its two-hundred day simple moving average is $246.17. The company has a market cap of $35.94 billion, a PE ratio of 45.73, a PEG ratio of 1.78 and a beta of 1.29. Jabil, Inc. has a fifty-two week low of $146.88 and a fifty-two week high of $349.62.
Jabil (NYSE:JBL - Get Free Report) last posted its quarterly earnings results on Wednesday, March 18th. The technology company reported $2.69 earnings per share for the quarter, beating the consensus estimate of $2.51 by $0.18. The business had revenue of $8.28 billion for the quarter, compared to the consensus estimate of $7.75 billion. Jabil had a return on equity of 80.96% and a net margin of 2.48%.The company's quarterly revenue was up 23.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.94 EPS. Equities analysts anticipate that Jabil, Inc. will post 11.3 EPS for the current year.
Jabil Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 2nd. Stockholders of record on Friday, May 15th will be paid a $0.08 dividend. The ex-dividend date is Friday, May 15th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.1%. Jabil's dividend payout ratio is presently 4.30%.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of the company. Checchi Capital Advisers LLC acquired a new position in shares of Jabil in the first quarter worth about $277,000. Hillsdale Investment Management Inc. raised its position in shares of Jabil by 19.5% in the first quarter. Hillsdale Investment Management Inc. now owns 4,900 shares of the technology company's stock worth $1,302,000 after acquiring an additional 800 shares during the period. Calamos Advisors LLC acquired a new position in shares of Jabil in the first quarter worth about $946,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its position in shares of Jabil by 6.2% in the first quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 6,191 shares of the technology company's stock worth $1,645,000 after acquiring an additional 364 shares during the period. Finally, Principal Financial Group Inc. raised its position in shares of Jabil by 0.7% in the first quarter. Principal Financial Group Inc. now owns 133,622 shares of the technology company's stock worth $35,494,000 after acquiring an additional 911 shares during the period. Institutional investors and hedge funds own 93.39% of the company's stock.
Analyst Ratings Changes
A number of analysts have recently weighed in on JBL shares. Bank of America increased their price objective on shares of Jabil from $295.00 to $354.00 and gave the stock a "buy" rating in a research note on Monday, April 20th. Wall Street Zen cut Jabil from a "strong-buy" rating to a "buy" rating in a research report on Saturday, April 11th. The Goldman Sachs Group reiterated a "buy" rating and set a $282.00 price target on shares of Jabil in a research report on Thursday, January 15th. Barclays lifted their price target on Jabil from $283.00 to $304.00 and gave the company an "overweight" rating in a research report on Wednesday, March 18th. Finally, JPMorgan Chase & Co. lifted their price target on Jabil from $270.00 to $300.00 and gave the company an "overweight" rating in a research report on Thursday, March 12th. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of $290.63.
Get Our Latest Analysis on JBL
About Jabil
(
Get Free Report)
Jabil Inc (NYSE: JBL) is a global manufacturing solutions provider specializing in electronic manufacturing services (EMS) and diversified products across a wide range of industries. The company partners with original equipment manufacturers to deliver design engineering, supply chain management, precision manufacturing, and aftermarket services. Jabil's expertise spans sectors such as healthcare, automotive, clean technology, telecommunications, consumer electronics, and packaging, enabling it to support both high-volume production and complex, mission-critical applications.
Founded in 1966 by William E.
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