Jabil (JBL) Stock Forecast, Price & News

4 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, 2 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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4 brokerages have issued twelve-month target prices for Jabil's stock. Their JBL share price forecasts range from $76.00 to $110.00. On average, they anticipate the company's stock price to reach $92.20 in the next year. This suggests that the stock has a possible downside of 0.1%.
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Jabil's stock was trading at $68.20 at the beginning of 2023. Since then, JBL stock has increased by 35.3% and is now trading at $92.27.
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Jabil saw a increase in short interest in April. As of April 30th, there was short interest totaling 2,740,000 shares, an increase of 5.8% from the April 15th total of 2,590,000 shares. Based on an average daily trading volume, of 1,150,000 shares, the days-to-cover ratio is presently 2.4 days. Approximately 2.2% of the shares of the stock are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, June 15th 2023.
View our JBL earnings forecast.

Jabil Inc. (NYSE:JBL) posted its quarterly earnings data on Thursday, March, 16th. The technology company reported $1.76 EPS for the quarter, topping the consensus estimate of $1.73 by $0.03. The technology company earned $8.13 billion during the quarter, compared to the consensus estimate of $8.09 billion. Jabil had a net margin of 2.74% and a trailing twelve-month return on equity of 39.80%.

Jabil announced a quarterly dividend on Thursday, April 20th. Shareholders of record on Monday, May 15th will be paid a dividend of $0.08 per share on Friday, June 2nd. This represents a $0.32 dividend on an annualized basis and a yield of 0.35%. The ex-dividend date of this dividend is Friday, May 12th.
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), Pinnacle Focused Opportunities ETF (FCUS), Profound Medical (PRN), Invesco S&P MidCap Quality ETF (XMHQ), Janus Henderson Small/Mid Cap Growth Alpha ETF (JSMD), BlackRock Future Tech ETF (BTEK), Affinity World Leaders Equity ETF (WLDR) and First Trust Technology AlphaDEX Fund (FXL).

Jabil (NYSE:JBL) pays an annual dividend of $0.32 per share and currently has a dividend yield of 0.36%. The dividend payout ratio is 4.64%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, JBL will have a dividend payout ratio of 3.83% 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 repurchase program on Tuesday, September 27th 2022, which permits the company to repurchase $1,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to buy up to 12.7% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company's management believes its shares are undervalued.

Jabil updated its third quarter 2023 earnings guidance on Thursday, March, 16th. The company provided earnings per share (EPS) guidance of $1.70-$2.10 for the period, compared to the consensus estimate of $1.88. The company issued revenue guidance of $7.90 billion-$8.50 billion, compared to the consensus revenue estimate of $8.14 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 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 investors include BlackRock Inc. (9.83%), FMR LLC (6.45%), JPMorgan Chase & Co. (4.70%), Wellington Management Group LLP (3.29%), State Street Corp (3.06%) and LSV Asset Management (2.87%). 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, Thomas A Sansone and Timothy L Main.
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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 $92.27.

Jabil (NYSE:JBL) has a market capitalization of $12.24 billion and generates $33.48 billion in revenue each year. The technology company earns $996 million in net income (profit) each year or $6.90 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.