Jabil - JBL Stock Forecast, Price & News

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Jabil in the last twelve months. There are currently 4 buy ratings and 2 strong buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" JBL shares.
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6 Wall Street analysts have issued 1-year target prices for Jabil's shares. Their JBL share price forecasts range from $68.00 to $80.00. On average, they anticipate the company's share price to reach $74.67 in the next year. This suggests a possible upside of 33.0% from the stock's current price.
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Jabil's stock was trading at $70.35 at the beginning of 2022. Since then, JBL stock has decreased by 20.2% and is now trading at $56.16.
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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 daily trading volume, of 904,300 shares, the short-interest ratio is currently 3.6 days. Approximately 2.5% of the company's shares 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) issued its earnings results on Thursday, December, 16th. The technology company reported $1.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.80 by $0.12. The technology company earned $8.60 billion during the quarter, compared to analyst estimates of $8.28 billion. Jabil had a net margin of 2.69% and a trailing twelve-month return on equity of 37.88%. The business's revenue for the quarter was up 9.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.31 EPS.

Jabil declared a quarterly dividend on Thursday, July 21st. Shareholders 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 0.57%. 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 declared that its Board of Directors has approved a share buyback plan on Friday, July 23rd 2021, 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 11.9% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's board believes its stock is undervalued.

Jabil updated its fourth quarter 2022 earnings guidance on Thursday, July, 14th. The company provided earnings per share (EPS) guidance of $1.94-$2.34 for the period, compared to the consensus earnings per share 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 variety of retail and institutional 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 $56.16.

Jabil (NYSE:JBL) has a market capitalization of $7.72 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.