Jabil (NYSE:JBL) issued its earnings results on Tuesday. The technology company reported $0.46 EPS for the quarter, beating the consensus estimate of $0.45 by $0.01, RTT News reports. The business had revenue of $5.44 billion for the quarter, compared to the consensus estimate of $4.90 billion. Jabil had a return on equity of 14.31% and a net margin of 0.60%. The company’s revenue was up 21.1% compared to the same quarter last year. During the same period last year, the business posted $0.31 EPS.

Jabil stock traded up $0.08 during trading on Thursday, reaching $29.66. The company had a trading volume of 2,058,486 shares, compared to its average volume of 1,954,138. Jabil has a 52 week low of $23.70 and a 52 week high of $31.77. The stock has a market cap of $5.17 billion, a P/E ratio of 15.96, a P/E/G ratio of 1.20 and a beta of 0.42. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.54 and a current ratio of 1.04.

The company also recently declared a quarterly dividend, which was paid on Friday, June 1st. Stockholders of record on Tuesday, May 15th were paid a $0.08 dividend. The ex-dividend date of this dividend was Monday, May 14th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.08%. Jabil’s dividend payout ratio (DPR) is currently 17.30%.

JBL has been the topic of a number of research reports. Standpoint Research upgraded Jabil from a “hold” rating to a “buy” rating in a research note on Tuesday, February 27th. Zacks Investment Research downgraded Jabil from a “hold” rating to a “sell” rating in a research note on Tuesday, March 20th. Finally, ValuEngine downgraded Jabil from a “buy” rating to a “hold” rating in a research note on Wednesday, May 2nd. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the company. Jabil currently has an average rating of “Hold” and an average price target of $32.90.

In related news, SVP Sergio Cadavid sold 2,869 shares of the firm’s stock in a transaction on Friday, March 16th. The stock was sold at an average price of $30.00, for a total value of $86,070.00. Following the transaction, the senior vice president now directly owns 60,305 shares of the company’s stock, valued at approximately $1,809,150. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, President William E. Peters sold 13,915 shares of the firm’s stock in a transaction on Tuesday, May 1st. The stock was sold at an average price of $26.50, for a total value of $368,747.50. Following the completion of the transaction, the president now directly owns 566,754 shares in the company, valued at $15,018,981. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 77,066 shares of company stock worth $2,213,441. 2.60% of the stock is owned by insiders.

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).

Earnings History for Jabil (NYSE:JBL)

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