Jabil (NYSE:JBL) will be issuing its quarterly earnings data before the market opens on Tuesday, September 25th. Analysts expect the company to announce earnings of $0.59 per share for the quarter.

NYSE JBL opened at $29.20 on Tuesday. The firm has a market cap of $4.93 billion, a price-to-earnings ratio of 15.88, a P/E/G ratio of 0.92 and a beta of 0.36. The company has a current ratio of 1.02, a quick ratio of 0.51 and a debt-to-equity ratio of 1.00. Jabil has a fifty-two week low of $23.70 and a fifty-two week high of $31.77.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 4th. Shareholders of record on Wednesday, August 15th were paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date was Tuesday, August 14th. Jabil’s dividend payout ratio (DPR) is currently 17.30%.

Jabil declared that its board has authorized a share buyback program on Thursday, June 14th that authorizes the company to buyback $350.00 million in outstanding shares. This buyback authorization authorizes the technology company to reacquire up to 7.2% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.

In other news, President William E. Peters sold 13,915 shares of the company’s stock in a transaction on Monday, July 2nd. The stock was sold at an average price of $27.54, for a total value of $383,219.10. Following the transaction, the president now owns 538,924 shares of the company’s stock, valued at approximately $14,841,966.96. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In the last ninety days, insiders sold 41,745 shares of company stock worth $1,184,584. Corporate insiders own 2.60% of the company’s stock.

Separately, Zacks Investment Research lowered Jabil from a “hold” rating to a “sell” rating in a research note on Wednesday, June 20th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $33.00.

About Jabil

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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Earnings History for Jabil (NYSE:JBL)

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