Jabil - JBL Stock Forecast, Price & News

Jabil Inc. provides manufacturing services and solutions worldwide. The company operates in two segments, Electronics Manufacturing Services and Diversified Manufacturing Services. It offers electronics design, production, and product management services. The company provides electronic 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). It also specializes in the three-dimensional mechanical design comprising the analysis of electronic, electro-mechanical, and optical assemblies, as well as offers various industrial design, mechanism development, and tooling management services. In addition, the company provides computer-assisted design services consisting of PCBA design, as well as PCBA design validation and verification services; and other consulting services, such as the generation of a bill of materials, approved vendor list, and assembly equipment configuration for various PCBA designs. Further, it offers product and process validation services, such as product system, product safety, regulatory compliance, and reliability tests, as well as manufacturing test solution development services. Additionally, the company provides systems assembly, test, direct-order fulfillment, and configure-to-order services. It serves 5G, wireless and cloud, digital print and retail, industrial and semi-cap, networking and storage, automotive and transportation, connected devices, healthcare and packaging, and mobility industries. The company was formerly known as Jabil Circuit, Inc. and changed its name to Jabil Inc. in June 2017. Jabil Inc. was founded in 1966 and is headquartered in Saint Petersburg, Florida.

Jabil Stock Performance

Shares of JBL traded down $0.55 during midday trading on Monday, reaching $60.57. The stock had a trading volume of 970,593 shares, compared to its average volume of 1,096,309. The firm has a 50 day simple moving average of $56.04 and a 200-day simple moving average of $57.98. Jabil has a one year low of $48.80 and a one year high of $72.11. The firm has a market cap of $8.33 billion, a PE ratio of 10.41, a P/E/G ratio of 0.77 and a beta of 1.42. The company has a current ratio of 1.04, a quick ratio of 0.54 and a debt-to-equity ratio of 1.22.

Jabil (NYSE:JBL - Get Rating) last announced its earnings results on Thursday, June 16th. The technology company reported $1.52 EPS for the quarter, topping the consensus estimate of $1.43 by $0.09. The business had revenue of $8.33 billion during the quarter, compared to the consensus estimate of $8.21 billion. Jabil had a net margin of 2.69% and a return on equity of 37.88%. During the same quarter in the previous year, the firm posted $1.12 EPS. As a group, sell-side analysts anticipate that Jabil will post 6.59 EPS for the current year.

Jabil Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 2nd. Investors of record on Monday, August 15th will be issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.53%. The ex-dividend date is Friday, August 12th. Jabil's payout ratio is 5.50%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on JBL. The Goldman Sachs Group decreased their target price on shares of Jabil from $78.00 to $69.00 and set a "buy" rating for the company in a research report on Wednesday, June 1st. Citigroup decreased their target price on shares of Jabil from $90.00 to $80.00 in a research report on Friday, June 17th. Finally, StockNews.com raised shares of Jabil from a "buy" rating to a "strong-buy" rating in a research report on Friday, April 15th. Three investment analysts have rated the stock with a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Strong Buy" and an average target price of $74.80.

Insider Buying and Selling

In other Jabil news, Director Anousheh Ansari sold 3,500 shares of Jabil stock in a transaction dated Tuesday, May 31st. The shares were sold at an average price of $62.00, for a total value of $217,000.00. Following the completion of the sale, the director now owns 37,400 shares in the company, valued at approximately $2,318,800. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Jabil news, Director Anousheh Ansari sold 3,500 shares of Jabil stock in a transaction dated Tuesday, May 31st. The shares were sold at an average price of $62.00, for a total value of $217,000.00. Following the completion of the sale, the director now owns 37,400 shares in the company, valued at approximately $2,318,800. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Gerald Creadon sold 3,703 shares of Jabil stock in a transaction dated Friday, June 24th. The stock was sold at an average price of $54.76, for a total transaction of $202,776.28. Following the completion of the sale, the senior vice president now owns 46,166 shares of the company's stock, valued at approximately $2,528,050.16. The disclosure for this sale can be found here. In the last 90 days, insiders sold 27,103 shares of company stock valued at $1,558,991. Company insiders own 2.59% of the company's stock.