Wall Street brokerages expect Jabil Inc (NYSE:JBL) to post earnings per share of $0.78 for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for Jabil’s earnings. Jabil posted earnings per share of $0.69 in the same quarter last year, which would suggest a positive year over year growth rate of 13%. The company is scheduled to report its next quarterly earnings report after the market closes on Thursday, December 14th.

According to Zacks, analysts expect that Jabil will report full year earnings of $2.57 per share for the current financial year, with EPS estimates ranging from $2.55 to $2.58. For the next year, analysts anticipate that the firm will report earnings of $2.93 per share, with EPS estimates ranging from $2.87 to $3.01. Zacks’ EPS calculations are an average based on a survey of research firms that that provide coverage for Jabil.

Jabil (NYSE:JBL) last issued its quarterly earnings data on Wednesday, September 27th. The technology company reported $0.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.03. The firm had revenue of $5.02 billion during the quarter, compared to the consensus estimate of $4.86 billion. Jabil had a return on equity of 14.47% and a net margin of 0.68%. The company’s quarterly revenue was up 13.4% on a year-over-year basis. During the same period last year, the company earned $0.28 EPS.

Several research firms have weighed in on JBL. Goldman Sachs Group downgraded Jabil from a “neutral” rating to a “sell” rating and dropped their target price for the company from $28.00 to $26.00 in a research report on Tuesday, October 10th. Citigroup reaffirmed a “sell” rating and issued a $28.00 target price on shares of Jabil in a research report on Thursday, September 28th. Needham & Company LLC reaffirmed a “buy” rating and issued a $37.00 target price on shares of Jabil in a research report on Wednesday, September 27th. Zacks Investment Research downgraded Jabil from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 28th. Finally, UBS reaffirmed a “buy” rating and issued a $35.00 target price on shares of Jabil in a research report on Tuesday, October 17th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $30.50.

Jabil (JBL) traded up $0.16 during midday trading on Tuesday, reaching $27.72. The company’s stock had a trading volume of 2,684,900 shares, compared to its average volume of 1,898,428. The firm has a market cap of $4,868.28, a P/E ratio of 14.82, a P/E/G ratio of 1.03 and a beta of 0.55. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.54 and a current ratio of 0.96. Jabil has a 52 week low of $21.25 and a 52 week high of $31.70.

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Stockholders of record on Wednesday, November 15th were paid a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 1.15%. The ex-dividend date was Tuesday, November 14th. Jabil’s payout ratio is presently 46.38%.

In other news, CEO Mark T. Mondello sold 30,000 shares of Jabil stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $29.02, for a total value of $870,600.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Erich Hoch sold 2,500 shares of Jabil stock in a transaction dated Monday, October 16th. The shares were sold at an average price of $28.49, for a total value of $71,225.00. Following the completion of the transaction, the chief executive officer now owns 206,943 shares of the company’s stock, valued at approximately $5,895,806.07. The disclosure for this sale can be found here. Insiders sold a total of 147,680 shares of company stock valued at $4,204,246 in the last quarter. Company insiders own 2.90% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the company. IHT Wealth Management LLC boosted its stake in shares of Jabil by 142.6% in the 2nd quarter. IHT Wealth Management LLC now owns 359 shares of the technology company’s stock valued at $159,000 after buying an additional 211 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Jabil by 9.9% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,054 shares of the technology company’s stock worth $177,000 after purchasing an additional 547 shares during the last quarter. Colonial Trust Advisors lifted its stake in Jabil by 4.1% during the second quarter. Colonial Trust Advisors now owns 15,400 shares of the technology company’s stock worth $450,000 after purchasing an additional 600 shares during the last quarter. Ameritas Investment Partners Inc. lifted its stake in Jabil by 1.5% during the second quarter. Ameritas Investment Partners Inc. now owns 54,550 shares of the technology company’s stock worth $1,592,000 after purchasing an additional 831 shares during the last quarter. Finally, Pegasus Partners Ltd. lifted its stake in Jabil by 2.6% during the second quarter. Pegasus Partners Ltd. now owns 33,571 shares of the technology company’s stock worth $980,000 after purchasing an additional 852 shares during the last quarter. Institutional investors and hedge funds own 95.10% of the company’s stock.

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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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Earnings History and Estimates for Jabil (NYSE:JBL)

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