Jabil Stock Price, News & Analysis (NYSE:JBL)

8 Wall Street 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 research analysts is that investors should "buy" JBL shares.
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8 Wall Street research analysts have issued 12-month target prices for Jabil's shares. Their JBL share price targets range from $76.00 to $160.00. On average, they predict the company's share price to reach $122.70 in the next twelve months. This suggests a possible upside of 3.1% from the stock's current price.
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Jabil's stock was trading at $68.20 on January 1st, 2023. Since then, JBL shares have increased by 74.5% and is now trading at $119.03.
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Jabil saw a increase in short interest during the month of November. As of November 15th, there was short interest totaling 5,240,000 shares, an increase of 25.1% from the October 31st total of 4,190,000 shares. Based on an average daily trading volume, of 1,660,000 shares, the short-interest ratio is currently 3.2 days. Currently, 4.3% of the shares of the company are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, December 14th 2023.
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Jabil will be holding an earnings conference call on Thursday, December 14th at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link.

Jabil Inc. (NYSE:JBL) released its earnings results on Thursday, September, 28th. The technology company reported $2.45 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.32 by $0.13. The technology company had revenue of $8.46 billion for the quarter, compared to analysts' expectations of $8.54 billion. Jabil had a trailing twelve-month return on equity of 38.02% and a net margin of 2.36%. The firm's quarterly revenue was down 6.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.25 earnings per share.

Jabil announced a quarterly dividend on Thursday, October 19th. Investors of record on Wednesday, November 15th will be given a dividend of $0.08 per share on Monday, December 4th. This represents a $0.32 annualized dividend and a dividend yield of 0.27%. The ex-dividend date of this dividend is Tuesday, November 14th.
Read our dividend analysis for JBL.

Jabil (NYSE:JBL) pays an annual dividend of $0.32 per share and currently has a dividend yield of 0.27%. The dividend payout ratio is 5.33%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, JBL will have a dividend payout ratio of 3.25% next year. This indicates that the company will be able to sustain or increase its dividend.
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), Profound Medical (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 announced that its board has authorized a share buyback plan on Thursday, September 28th 2023, which authorizes the company to repurchase $2,500,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to buy up to 15.3% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company's management believes its stock is undervalued.

Jabil issued an update on its first quarter 2024 earnings guidance on Thursday, September, 28th. The company provided earnings per share guidance of $2.40-$2.80 for the period, compared to the consensus estimate of $2.33. The company issued revenue guidance of $8.40 billion-$9.00 billion, compared to the consensus revenue estimate of $9.18 billion.

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's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include FMR LLC (8.23%), JPMorgan Chase & Co. (4.82%), Wellington Management Group LLP (4.21%), Primecap Management Co. CA (3.03%), LSV Asset Management (2.83%) and Fuller & Thaler Asset Management Inc. (1.68%). Insiders that own company stock include Anousheh Ansari, Bruce Allan Johnson, Christopher S Holland, Daryn G Smith, Francis Mckay, Frederic E Mccoy, Gerald Creadon, Kenneth S Wilson, Kristine Melachrino, Mark T Mondello, Martha Brooks, May Yee Yap, Michael Dastoor, Michael J Loparco, Michael J Loparco, Robert L Katz, Sergio Cadavid, Steven A Raymund, 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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