Jabil - JBL Stock Forecast, Price & News

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Jabil in the last year. There are currently 4 buy ratings and 2 strong buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" JBL shares.
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6 brokers have issued 1 year price objectives for Jabil's stock. Their JBL share price forecasts range from $68.00 to $80.00. On average, they expect the company's share price to reach $74.67 in the next year. This suggests a possible upside of 32.8% from the stock's current price.
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Jabil's stock was trading at $70.35 at the beginning of the year. Since then, JBL shares have decreased by 20.1% and is now trading at $56.24.
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Jabil saw a increase in short interest in the month of August. As of August 15th, there was short interest totaling 3,250,000 shares, an increase of 9.4% from the July 31st total of 2,970,000 shares. Based on an average trading volume of 904,300 shares, the days-to-cover ratio is presently 3.6 days. Approximately 2.5% 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 Tuesday, September 27th 2022.
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Jabil will be holding an earnings conference call on Tuesday, September 27th at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link.

Jabil Inc. (NYSE:JBL) released its quarterly earnings results on Thursday, December, 16th. The technology company reported $1.92 earnings per share for the quarter, beating analysts' consensus estimates of $1.80 by $0.12. The technology company had revenue of $8.60 billion for the quarter, compared to the consensus estimate of $8.28 billion. Jabil had a trailing twelve-month return on equity of 37.88% and a net margin of 2.69%. The firm's revenue for the quarter was up 9.8% compared to the same quarter last year. During the same period in the prior year, the company posted $1.31 earnings per share.

Jabil announced a quarterly dividend on Thursday, July 21st. Investors of record on Monday, August 15th will be paid a dividend of $0.08 per share on Friday, September 2nd. This represents a $0.32 annualized dividend and a yield of 0.57%. The ex-dividend date is Friday, August 12th.
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 0.56%. The dividend payout ratio is 5.50%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, JBL will have a dividend payout ratio of 4.63% 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 has authorized a stock repurchase program on Friday, July 23rd 2021, which allows the company to buyback $1,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to buy up to 11.9% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's leadership believes its stock is undervalued.

Jabil issued an update on its fourth quarter 2022 earnings guidance on Thursday, July, 14th. The company provided earnings per share guidance of $1.94-$2.34 for the period, compared to the consensus estimate of $2.01. The company issued revenue guidance of $8.10 billion-$8.70 billion, compared to the consensus revenue estimate of $8.27 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 number of institutional and retail investors. Top institutional investors include FMR LLC (5.29%), State Street Corp (3.11%), Primecap Management Co. CA (2.74%), JPMorgan Chase & Co. (1.84%), Point72 Asset Management L.P. (1.44%) and Credit Agricole S A (1.32%). Insiders that own company stock include Alessandro Parimbelli, Anousheh Ansari, Bruce Allan Johnson, Courtney J Ryan, Daryn G Smith, Gerald Creadon, Kenneth S Wilson, Mark T Mondello, Martha Brooks, 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 $56.24.

Jabil (NYSE:JBL) has a market capitalization of $7.74 billion and generates $29.29 billion in revenue each year. The technology company earns $696 million in net income (profit) each year or $5.82 on an earnings per share basis.

The company employs 238,000 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.