Wall Street brokerages predict that Jabil Inc (NYSE:JBL) will report earnings of $0.86 per share for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Jabil’s earnings. The highest EPS estimate is $0.87 and the lowest is $0.85. Jabil reported earnings of $0.70 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 22.9%. The business is scheduled to report its next quarterly earnings report on Tuesday, September 24th.

According to Zacks, analysts expect that Jabil will report full year earnings of $2.97 per share for the current financial year, with EPS estimates ranging from $2.95 to $2.99. For the next financial year, analysts expect that the firm will post earnings of $3.37 per share, with EPS estimates ranging from $3.32 to $3.43. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that follow Jabil.

Jabil (NYSE:JBL) last issued its quarterly earnings data on Tuesday, June 18th. The technology company reported $0.57 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.57. The business had revenue of $6.14 billion during the quarter, compared to analysts’ expectations of $6.01 billion. Jabil had a net margin of 0.72% and a return on equity of 18.57%. The company’s revenue was up 12.9% on a year-over-year basis. During the same period last year, the company posted $0.46 EPS.

Several analysts have commented on JBL shares. Raymond James reaffirmed a “sell” rating and issued a $0.25 target price on shares of Bellatrix Exploration in a research note on Monday, April 1st. Zacks Investment Research cut shares of CGI from a “buy” rating to a “hold” rating in a research note on Wednesday, June 19th. Two research analysts have rated the stock with a sell rating, four have given a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $29.33.

In other news, Director Martha Brooks sold 10,000 shares of the business’s stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $30.22, for a total transaction of $302,200.00. Following the completion of the sale, the director now directly owns 92,400 shares of the company’s stock, valued at approximately $2,792,328. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Bruce Allan Johnson sold 6,000 shares of the business’s stock in a transaction on Friday, June 28th. The shares were sold at an average price of $31.50, for a total transaction of $189,000.00. Following the sale, the senior vice president now directly owns 147,700 shares of the company’s stock, valued at $4,652,550. The disclosure for this sale can be found here. Insiders sold a total of 56,500 shares of company stock valued at $1,770,795 over the last ninety days. 2.90% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in JBL. Squar Milner Financial Services LLC purchased a new stake in shares of Jabil during the 1st quarter valued at $118,000. Advisor Group Inc. grew its stake in shares of Jabil by 16.9% during the 4th quarter. Advisor Group Inc. now owns 7,998 shares of the technology company’s stock valued at $198,000 after buying an additional 1,154 shares during the period. Stephens Inc. AR purchased a new stake in shares of Jabil during the 1st quarter valued at $202,000. Parametrica Management Ltd purchased a new stake in shares of Jabil during the 1st quarter valued at $203,000. Finally, Smith Salley & Associates purchased a new stake in shares of Jabil during the 2nd quarter valued at $204,000. 89.40% of the stock is owned by institutional investors.

JBL stock traded up $0.44 during midday trading on Friday, hitting $30.76. The stock had a trading volume of 696,637 shares, compared to its average volume of 1,561,854. The company has a market cap of $4.64 billion, a price-to-earnings ratio of 14.18, a PEG ratio of 1.17 and a beta of 0.97. The company has a current ratio of 1.01, a quick ratio of 0.61 and a debt-to-equity ratio of 1.33. Jabil has a 12-month low of $21.49 and a 12-month high of $32.24. The business has a 50-day moving average price of $28.46.

Jabil Company Profile

Jabil Inc provides electronic manufacturing services and solutions worldwide. The company operates through two segments, Electronics Manufacturing Services and Diversified Manufacturing Services. It offers electronics design, production, and product management services. The company provides 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).

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