Brokerages forecast that Jabil Inc (NYSE:JBL) will announce $6.61 billion in sales for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for Jabil’s earnings. The highest sales estimate is $6.62 billion and the lowest is $6.60 billion. Jabil reported sales of $5.77 billion during the same quarter last year, which indicates a positive year-over-year growth rate of 14.6%. The business is scheduled to issue its next earnings report on Tuesday, September 24th.
On average, analysts expect that Jabil will report full-year sales of $25.32 billion for the current fiscal year, with estimates ranging from $25.30 billion to $25.32 billion. For the next financial year, analysts expect that the company will report sales of $26.39 billion, with estimates ranging from $26.19 billion to $26.56 billion. Zacks’ sales calculations are an average based on a survey of sell-side research firms that follow Jabil.
Jabil (NYSE:JBL) last announced its quarterly earnings data on Tuesday, June 18th. The technology company reported $0.57 EPS for the quarter, meeting the consensus estimate of $0.57. Jabil had a net margin of 0.72% and a return on equity of 18.57%. The business had revenue of $6.14 billion during the quarter, compared to the consensus estimate of $6.01 billion. During the same period in the previous year, the business earned $0.46 earnings per share. The company’s revenue was up 12.9% on a year-over-year basis.
JBL traded down $0.11 during trading on Monday, hitting $30.25. 913,047 shares of the stock traded hands, compared to its average volume of 1,261,856. Jabil has a twelve month low of $21.49 and a twelve month high of $32.24. The firm has a market cap of $4.64 billion, a P/E ratio of 13.94, a price-to-earnings-growth ratio of 1.17 and a beta of 0.97. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.61 and a current ratio of 1.01. The business’s 50 day moving average is $29.12.
In other news, CEO Alessandro Parimbelli sold 3,500 shares of the company’s stock in a transaction on Monday, June 24th. The shares were sold at an average price of $30.78, for a total transaction of $107,730.00. Following the completion of the transaction, the chief executive officer now directly owns 317,292 shares in the company, valued at $9,766,247.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Martha Brooks sold 10,000 shares of the company’s stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of $30.22, for a total transaction of $302,200.00. Following the transaction, the director now owns 92,400 shares of the company’s stock, valued at $2,792,328. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 46,500 shares of company stock valued at $1,460,795. Company insiders own 2.90% of the company’s stock.
Several large investors have recently made changes to their positions in JBL. Norges Bank acquired a new position in shares of Jabil during the fourth quarter worth $46,681,000. FMR LLC increased its holdings in Jabil by 38.7% in the first quarter. FMR LLC now owns 6,368,324 shares of the technology company’s stock valued at $169,335,000 after purchasing an additional 1,775,742 shares during the period. Millennium Management LLC increased its holdings in Jabil by 529.6% in the fourth quarter. Millennium Management LLC now owns 1,858,462 shares of the technology company’s stock valued at $46,071,000 after purchasing an additional 1,563,273 shares during the period. Deutsche Bank AG increased its holdings in Jabil by 133.8% in the fourth quarter. Deutsche Bank AG now owns 669,415 shares of the technology company’s stock valued at $16,592,000 after purchasing an additional 383,074 shares during the period. Finally, LSV Asset Management increased its holdings in Jabil by 6.0% in the first quarter. LSV Asset Management now owns 6,537,449 shares of the technology company’s stock valued at $173,830,000 after purchasing an additional 371,247 shares during the period. Institutional investors own 89.42% of the company’s stock.
Jabil Inc provides electronic manufacturing services and solutions worldwide. The company operates through two segments, Electronics Manufacturing Services and Diversified Manufacturing Services. It offers electronics design, production, and product management services. The company provides electronic circuit 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).
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