Jabil (JBL) Stock Forecast, Price & News

8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Jabil in the last twelve months. There are currently 1 hold rating, 6 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" JBL shares.
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8 Wall Street analysts have issued 1 year price targets for Jabil's stock. Their JBL share price forecasts range from $76.00 to $134.00. On average, they expect the company's share price to reach $107.78 in the next twelve months. This suggests a possible upside of 1.9% from the stock's current price.
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Jabil's stock was trading at $68.20 at the beginning of 2023. Since then, JBL shares have increased by 55.1% and is now trading at $105.75.
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Jabil saw a increase in short interest in August. As of August 31st, there was short interest totaling 4,440,000 shares, an increase of 12.7% from the August 15th total of 3,940,000 shares. Based on an average daily volume of 1,270,000 shares, the short-interest ratio is currently 3.5 days. Currently, 3.5% of the company's stock are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, September 28th 2023.
View our JBL earnings forecast.

Jabil will be holding an earnings conference call on Thursday, September 28th at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link.

Jabil Inc. (NYSE:JBL) issued its earnings results on Thursday, June, 15th. The technology company reported $1.99 earnings per share for the quarter, topping the consensus estimate of $1.87 by $0.12. The technology company had revenue of $8.48 billion for the quarter, compared to the consensus estimate of $8.20 billion. Jabil had a net margin of 2.77% and a trailing twelve-month return on equity of 39.61%. The company's quarterly revenue was up 1.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.52 EPS.

Jabil declared a quarterly dividend on Thursday, July 20th. Stockholders of record on Tuesday, August 15th will be paid a dividend of $0.08 per share on Tuesday, September 5th. This represents a $0.32 dividend on an annualized basis and a yield of 0.30%. The ex-dividend date is Monday, August 14th.
Read our dividend analysis for JBL.

ETFs with the largest weight of Jabil (NYSE:JBL) stock in their portfolio include AdvisorShares Drone Technology ETF (UAV), Invesco Dorsey Wright Industrials Momentum ETF (PRN), Pinnacle Focused Opportunities ETF (FCUS), Invesco S&P MidCap Quality ETF (XMHQ), BlackRock Future Tech ETF (BTEK), Affinity World Leaders Equity ETF (WLDR), Acruence Active Hedge U.S. Equity ETF (XVOL) and Invesco S&P MidCap Momentum ETF (XMMO).

Jabil (NYSE:JBL) pays an annual dividend of $0.32 per share and currently has a dividend yield of 0.30%. The dividend payout ratio is 4.51%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, JBL will have a dividend payout ratio of 3.70% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for JBL.

Jabil announced that its Board of Directors has approved a share repurchase program on Tuesday, September 27th 2022, which allows the company to buyback $1,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to reacquire up to 12.7% of its shares through open market purchases. Shares buyback programs are generally a sign that the company's leadership believes its stock is undervalued.

493 employees have rated Jabil Chief Executive Officer Mark Mondello on Glassdoor.com. Mark Mondello has an approval rating of 94% among the company's employees. This puts Mark Mondello in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Jabil investors own include Micron Technology (MU), NVIDIA (NVDA), Intel (INTC), Cisco Systems (CSCO), Advanced Micro Devices (AMD), QUALCOMM (QCOM), AT&T (T), JPMorgan Chase & Co. (JPM), Applied Materials (AMAT) and Alibaba Group (BABA).

Jabil trades on the New York Stock Exchange (NYSE) under the ticker symbol "JBL."

Jabil's stock is owned by a variety of retail and institutional investors. Top institutional investors include BlackRock Inc. (9.85%), Texas Yale Capital Corp. (6.43%), LSV Asset Management (3.08%), State Street Corp (3.06%), Dimensional Fund Advisors LP (2.02%) and Geode Capital Management LLC (1.49%). Insiders that own company stock include Anousheh Ansari, Bruce Allan Johnson, Daryn G Smith, Francis Mckay, Frederic E Mccoy, Gerald Creadon, Kenneth S Wilson, Mark T Mondello, Martha Brooks, May Yee Yap, Michael Dastoor, Michael J Loparco, Michael J Loparco, Robert L Katz, Sergio Cadavid, Steven D Borges, Thomas A Sansone and Thomas A Sansone.
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Shares of JBL stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of JBL stock can currently be purchased for approximately $105.75.

Jabil (NYSE:JBL) has a market capitalization of $13.84 billion and generates $33.48 billion in revenue each year. The technology company earns $996 million in net income (profit) each year or $7.10 on an earnings per share basis.

The company employs 250,000 workers across the globe.

Jabil's mailing address is 10560 DR. MARTIN LUTHER KING JR. ST. N., ST PETERSBURG FL, 33716. The official website for the company is www.jabil.com. The technology company can be reached via phone at (727) 577-9749, via email at adam_berry@jabil.com, or via fax at 727-579-8529.