Jabil Inc. (NYSE:JBL) to Issue Quarterly Dividend of $0.08

Jabil Inc. (NYSE:JBL) announced a quarterly dividend on Thursday, January 23rd,Wall Street Journal reports. Stockholders of record on Tuesday, February 18th will be given a dividend of 0.08 per share by the technology company on Tuesday, March 4th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.18%. The ex-dividend date is Tuesday, February 18th.

Jabil has a dividend payout ratio of 3.2% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Jabil to earn $9.71 per share next year, which means the company should continue to be able to cover its $0.32 annual dividend with an expected future payout ratio of 3.3%.

Jabil Trading Up 1.2 %

JBL stock traded up $2.02 during midday trading on Friday, reaching $173.26. The stock had a trading volume of 1,592,718 shares, compared to its average volume of 1,421,374. The firm has a market cap of $18.92 billion, a price-to-earnings ratio of 16.61, a PEG ratio of 1.68 and a beta of 1.23. Jabil has a twelve month low of $95.85 and a twelve month high of $174.80. The company has a quick ratio of 0.72, a current ratio of 1.06 and a debt-to-equity ratio of 1.81. The business has a fifty day simple moving average of $143.58 and a two-hundred day simple moving average of $124.78.

Jabil (NYSE:JBL) last released its earnings results on Wednesday, December 18th. The technology company reported $2.00 EPS for the quarter, topping analysts’ consensus estimates of $1.88 by $0.12. The firm had revenue of $6.99 billion during the quarter, compared to analyst estimates of $6.61 billion. Jabil had a net margin of 4.71% and a return on equity of 41.87%. The business’s quarterly revenue was down 16.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.60 EPS. As a group, research analysts expect that Jabil will post 8.03 EPS for the current fiscal year.

Insider Transactions at Jabil

In related news, EVP Frederic E. Mccoy sold 4,283 shares of the company’s stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $122.28, for a total value of $523,725.24. Following the transaction, the executive vice president now directly owns 142,472 shares in the company, valued at approximately $17,421,476.16. This represents a 2.92 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Steven A. Raymund sold 20,000 shares of Jabil stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $151.30, for a total transaction of $3,026,000.00. Following the completion of the sale, the director now owns 119,108 shares of the company’s stock, valued at $18,021,040.40. This trade represents a 14.38 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 40,038 shares of company stock worth $5,579,666. 1.73% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on JBL shares. UBS Group boosted their target price on Jabil from $128.00 to $152.00 and gave the company a “neutral” rating in a research note on Thursday, December 19th. Barclays boosted their price objective on Jabil from $157.00 to $179.00 and gave the company an “overweight” rating in a research report on Friday, December 20th. The Goldman Sachs Group lifted their price target on shares of Jabil from $136.00 to $145.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. Bank of America increased their price objective on shares of Jabil from $135.00 to $150.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. Finally, StockNews.com raised shares of Jabil from a “hold” rating to a “buy” rating in a research report on Tuesday. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $153.17.

About Jabil

Jabil Inc provides manufacturing services and solutions worldwide. It operates in two segments, Electronics Manufacturing Services and Diversified Manufacturing Services. The company offers electronics design, production, and product management services; 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).