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

Jabil Inc. (NYSE:JBL) declared 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 0.19%. The ex-dividend date is Tuesday, February 18th.

Jabil has a payout ratio of 3.2% indicating that its dividend is sufficiently covered by earnings. Analysts expect Jabil to earn $9.57 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 Price Performance

Shares of JBL opened at $169.60 on Friday. The company has a current ratio of 1.06, a quick ratio of 0.72 and a debt-to-equity ratio of 1.81. The stock’s 50 day moving average is $153.88 and its two-hundred day moving average is $130.73. Jabil has a twelve month low of $95.85 and a twelve month high of $174.80. The firm has a market capitalization of $18.52 billion, a PE ratio of 16.26, a P/E/G ratio of 1.64 and a beta of 1.23.

Jabil (NYSE:JBL) last posted its quarterly earnings results on Wednesday, December 18th. The technology company reported $2.00 earnings per share for the quarter, beating analysts’ consensus estimates of $1.88 by $0.12. The firm had revenue of $6.99 billion for the quarter, compared to the consensus estimate of $6.61 billion. Jabil had a return on equity of 41.87% and a net margin of 4.71%. The company’s revenue for the quarter was down 16.6% compared to the same quarter last year. During the same period in the previous year, the business earned $2.60 earnings per share. Research analysts anticipate that Jabil will post 8.05 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on JBL. Stifel Nicolaus reiterated a “buy” rating and issued a $160.00 price objective (up previously from $150.00) on shares of Jabil in a research note on Thursday, December 19th. UBS Group boosted their price target on Jabil from $128.00 to $152.00 and gave the stock a “neutral” rating in a research note on Thursday, December 19th. Barclays raised their price objective on Jabil from $157.00 to $179.00 and gave the company an “overweight” rating in a research note on Friday, December 20th. The Goldman Sachs Group boosted their target price on Jabil from $136.00 to $145.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. Finally, StockNews.com cut Jabil from a “buy” rating to a “hold” rating in a research report on Wednesday, January 29th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $153.17.

Insider Buying and Selling

In other Jabil news, Director John C. Plant sold 50,000 shares of the stock in a transaction on Friday, January 24th. The stock was sold at an average price of $172.55, for a total transaction of $8,627,500.00. Following the transaction, the director now owns 5,900 shares of the company’s stock, valued at $1,018,045. This represents a 89.45 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Christopher S. Holland sold 3,400 shares of the company’s stock in a transaction on Friday, January 31st. The shares were sold at an average price of $162.27, for a total value of $551,718.00. Following the completion of the transaction, the director now owns 12,900 shares of the company’s stock, valued at $2,093,283. The trade was a 20.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 77,400 shares of company stock worth $12,804,458. 1.73% of the stock is owned by corporate insiders.

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).