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 research analysts have issued twelve-month price targets for Jabil's stock. Their JBL share price forecasts range from $76.00 to $134.00. On average, they predict the company's share price to reach $107.78 in the next year. This suggests a possible upside of 2.7% 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 53.9% and is now trading at $104.98.
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Jabil saw a increase in short interest in the month of 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 days-to-cover ratio is presently 3.5 days. Currently, 3.5% of the company's stock are short sold.
View Jabil's Short Interest.

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) announced its earnings results on Thursday, June, 15th. The technology company reported $1.99 EPS for the quarter, beating analysts' consensus estimates of $1.87 by $0.12. The technology company earned $8.48 billion during the quarter, compared to analyst estimates of $8.20 billion. Jabil had a trailing twelve-month return on equity of 39.61% and a net margin of 2.77%. The firm's quarterly revenue was up 1.8% compared to the same quarter last year. During the same period last year, the firm posted $1.52 EPS.

Jabil declared a quarterly dividend on Thursday, July 20th. Shareholders of record on Tuesday, August 15th will be given a dividend of $0.08 per share on Tuesday, September 5th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.30%. The ex-dividend date of this dividend 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 declared that its board has authorized a share buyback program on Tuesday, September 27th 2022, which allows the company to repurchase $1,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to reacquire up to 12.7% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company's board 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 institutional and retail investors. Top institutional shareholders 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 $104.98.

Jabil (NYSE:JBL) has a market capitalization of $13.74 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.