Jabil, Inc. (NYSE:JBL) to Issue $0.08 Dividend

Key Points

• Jabil, Inc. has announced a dividend of $0.08 per share, which will be paid on September 3rd to investors of record on August 18th, marking a yield of 14.0%.
• The company posted a quarterly earnings report showing earnings per share (EPS) of $2.55, surpassing analysts' expectations and reflecting a year-on-year revenue growth of 15.7%.
• Analysts have given Jabil's stock a consensus rating of "Buy," with several firms raising their price targets, indicating positive future growth expectations.

Jabil, Inc. (NYSE:JBL - Get Free Report) announced a dividend on Tuesday, August 12th, investing.com reports. Investors of record on Monday, August 18th will be paid a dividend of 0.08 per share by the technology company on Wednesday, September 3rd. This represents a yield of 14.0%. The ex-dividend date is Friday, August 15th.

Jabil has a dividend payout ratio of 3.1% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Jabil to earn $9.57 per share next year, which means the company should continue to be able to cover its $0.32 annual dividend with an expected future payout ratio of 3.3%.

Jabil Price Performance

Shares of JBL opened at $222.45 on Tuesday. The firm has a fifty day simple moving average of $210.61 and a two-hundred day simple moving average of $171.30. The firm has a market cap of $23.87 billion, a PE ratio of 43.19, a P/E/G ratio of 1.57 and a beta of 1.20. The company has a current ratio of 0.98, a quick ratio of 0.64 and a debt-to-equity ratio of 1.85. Jabil has a 1-year low of $99.67 and a 1-year high of $232.84.

Jabil (NYSE:JBL - Get Free Report) last posted its quarterly earnings data on Tuesday, June 17th. The technology company reported $2.55 EPS for the quarter, beating analysts' consensus estimates of $2.28 by $0.27. Jabil had a return on equity of 60.19% and a net margin of 2.02%. The company had revenue of $7.83 billion during the quarter, compared to analysts' expectations of $7.03 billion. During the same quarter in the prior year, the business earned $1.89 earnings per share. Jabil's revenue for the quarter was up 15.7% compared to the same quarter last year. On average, equities analysts anticipate that Jabil will post 8.05 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on JBL shares. Barclays lifted their price target on shares of Jabil from $206.00 to $223.00 and gave the stock an "overweight" rating in a research note on Tuesday, June 17th. JPMorgan Chase & Co. raised their price objective on Jabil from $214.00 to $256.00 and gave the stock an "overweight" rating in a research note on Thursday, July 17th. Stifel Nicolaus initiated coverage on Jabil in a research note on Wednesday, July 2nd. They set a "buy" rating and a $245.00 price objective for the company. UBS Group increased their target price on shares of Jabil from $157.00 to $208.00 and gave the stock a "neutral" rating in a report on Wednesday, June 18th. Finally, Bank of America lifted their price target on shares of Jabil from $225.00 to $245.00 and gave the company a "buy" rating in a report on Friday, June 20th. One investment analyst has rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Buy" and an average target price of $231.71.

About Jabil

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