Zacks: Brokerages Expect Jabil Inc (JBL) Will Announce Quarterly Sales of $4.91 Billion

Equities research analysts expect Jabil Inc (NYSE:JBL) to report sales of $4.91 billion for the current fiscal quarter, Zacks Investment Research reports. Four analysts have made estimates for Jabil’s earnings. The lowest sales estimate is $4.90 billion and the highest is $4.92 billion. Jabil reported sales of $4.45 billion during the same quarter last year, which would suggest a positive year-over-year growth rate of 10.3%. The company is scheduled to announce its next quarterly earnings report on Wednesday, March 21st.

According to Zacks, analysts expect that Jabil will report full-year sales of $4.91 billion for the current year, with estimates ranging from $20.16 billion to $20.79 billion. For the next year, analysts expect that the business will report sales of $21.05 billion per share, with estimates ranging from $20.68 billion to $21.46 billion. Zacks’ sales averages are an average based on a survey of research firms that that provide coverage for Jabil.

Jabil (NYSE:JBL) last announced its earnings results on Thursday, December 14th. The technology company reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.01. Jabil had a net margin of 0.54% and a return on equity of 12.95%. The company had revenue of $5.59 billion for the quarter, compared to the consensus estimate of $5.50 billion. During the same period in the previous year, the business earned $0.69 EPS. The company’s revenue was up 9.4% on a year-over-year basis.

A number of equities analysts have recently weighed in on JBL shares. ValuEngine downgraded shares of Jabil from a “strong-buy” rating to a “buy” rating in a research note on Monday, December 4th. Argus raised shares of Jabil from a “hold” rating to a “buy” rating and set a $36.00 price target on the stock in a research note on Monday, December 18th. Raymond James Financial reaffirmed a “hold” rating on shares of Jabil in a research note on Thursday, December 14th. Zacks Investment Research downgraded shares of Jabil from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 28th. Finally, Goldman Sachs Group dropped their price target on shares of Jabil to $24.00 and set a “sell” rating on the stock in a research note on Friday, January 26th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $32.27.

In other Jabil news, President William E. Peters sold 13,915 shares of the company’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $26.00, for a total transaction of $361,790.00. Following the completion of the sale, the president now directly owns 608,499 shares in the company, valued at $15,820,974. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Sergio Cadavid sold 12,000 shares of the company’s stock in a transaction dated Thursday, January 18th. The shares were sold at an average price of $28.50, for a total transaction of $342,000.00. The disclosure for this sale can be found here. Insiders have sold 69,830 shares of company stock worth $1,942,383 over the last three months. Company insiders own 2.60% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in JBL. Advisor Group Inc. boosted its holdings in Jabil by 68.2% during the second quarter. Advisor Group Inc. now owns 5,765 shares of the technology company’s stock valued at $168,000 after acquiring an additional 2,337 shares during the period. Premia Global Advisors LLC bought a new stake in shares of Jabil in the fourth quarter valued at about $174,000. Signition LP bought a new stake in shares of Jabil in the fourth quarter valued at about $202,000. Alambic Investment Management L.P. bought a new stake in shares of Jabil in the fourth quarter valued at about $215,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Jabil by 47.1% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,907 shares of the technology company’s stock valued at $234,000 after buying an additional 2,853 shares during the period. Institutional investors own 97.92% of the company’s stock.

Shares of Jabil (NYSE JBL) traded down $0.09 during trading hours on Tuesday, reaching $26.37. 1,223,744 shares of the company’s stock traded hands, compared to its average volume of 2,310,000. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.50 and a current ratio of 0.95. Jabil has a 52 week low of $23.70 and a 52 week high of $31.70. The firm has a market cap of $4,620.00, a P/E ratio of 45.47, a P/E/G ratio of 1.07 and a beta of 0.53.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Thursday, February 15th will be given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 1.21%. The ex-dividend date of this dividend is Wednesday, February 14th. Jabil’s payout ratio is 55.17%.

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About Jabil

Jabil Inc, formerly Jabil Circuit, Inc, provides electronic manufacturing services and solutions throughout the world. The Company operates in two segments, which include Electronics Manufacturing Services (EMS) and Diversified Manufacturing Services (DMS). The Company’s EMS segment is focused on leveraging information technology (IT), supply chain design and engineering, technologies centered on core electronics, sharing of its large scale manufacturing infrastructure and the ability to serve a range of markets.

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