On December 21, 14,297 shares of Jabil Inc. (NYSE: JBL) stock were sold by Gerald Creadon, who serves as the company’s executive vice president. On average, $70.75 was the price that was asked for each share, which was ultimately sold for a total of $1,011,512.75 in the end. The transaction has directly resulted in the executive vice president gaining ownership of 60,965 shares of company stock, which have a combined value of $4,313,273.75. Should you follow this link, you will be taken to the SEC filing in which the transaction was discussed in greater detail.
Tuesday, September 27, saw the release of the most recent earnings report for Jabil (NYSE: JBL). This report was published on Tuesday. The information technology company reported $2.25 per share earnings for the previous quarter, which is $0.33 more than the average prediction made by market analysts, which was $1.92. The company announced that its sales for the quarter came in at $9.03 billion, which is a significant increase over the average prediction of $8.40 billion in sales for the quarter. Jabil achieved a return on equity of 40.43 percent, and the net margin for the company was 2.833 percent. Compared to the same quarter in the previous year, the increase in revenue was 21.9% higher than expected. The company generated $1.16 per share during the same period the year before. According to projections made by market research analysts, Jabil Inc. is expected to generate earnings of 7.55 cents per share in 2018.
In addition, the company recently announced its quarterly dividend distribution, which took place on December 2 and was announced at the same time. On Tuesday, November 15, dividend payments to stockholders who were already on record were sent out. The amount of each dividend payment was $0.08 per share. This translates into a dividend payment of $0.32 per year, which results in a yield of 0.46% of the stock’s current value. The dividend distribution occurred on November 14, when the payment was made. The dividend payout ratio for Jabil currently stands at 4.64%.
The price of one share of NYSE: JBL was reduced to $69.01 per share due to a loss of $0.34 that occurred on Friday at noon. The company’s stock was traded a total of 580,162 times, and the volume of shares traded on each occasion was an average of 1,114,587. The stock’s moving average over the past 50 days is $67.09, while its moving average over the past 200 days is $61.05. In addition to having a market capitalization of $9.29 billion, the company has a price-to-earnings ratio of 10.07, a price-to-growth ratio of 0.78, and a beta value of 1.37. The debt-to-equity ratio was calculated to be 1.02, the quick ratio was determined to be 0.57, and the current ratio was also calculated to be 1.02. During the same period, Jabil Inc. experienced a one-year high of $73.79 and a one-year low of $48.80 in its share price.
Jabil announced that its board of directors had given the green light for the company to buy back outstanding shares worth one billion dollars on Tuesday, September 27. Jabil made the announcement. As a result of the authorization for buybacks, the technology company has the authority to repurchase up to 12.7% of its shares from the open market. Plans to repurchase a company’s stock are one of the most reliable ways to gauge whether or not the board of directors of a company feels that the market is undervaluing the value of the company’s shares.
Institutional investors and hedge funds have recently been very active in the stock market, purchasing and selling shares back and forth. During the first three months of the year, the Healthcare of Ontario Pension Plan Trust Fund increased the proportion of Jabil stock owned by 0.4%. The Healthcare of Ontario Pension Plan Trust Fund now has a total of 45,549 shares of the technology company’s stock following the purchase of an additional 180 shares during the most recent quarter. The value of these shares as of right now is $2,812,000 in total. In the first three months of 2018, Cetera Advisor Networks LLC increased the number of shares of Jabil that it held in its portfolio by 4.7%. As a result of the purchase of an additional 180 shares during the quarter, Cetera Advisor Networks LLC now possesses a total of 3,989 stock held by the technology company. The value of these shares is equal to $246,000 when taken together. During the first three months of the year, Quent Capital LLC saw a 7.6% increase in its investment value in Jabil. Quent Capital LLC now holds 2,568 shares of the technology company’s stock, valued at $159,000, following the acquisition of an additional 182 shares during the most recent period. During the second quarter of this year, Commerce Bank increased the percentage of Jabil shares it owned by 2.1%. After purchasing 190 additional shares over the quarter, Commerce Bank now owns 9,229 shares of the technology company’s stock, which have a combined value of $473,000. These shares were acquired during the quarter. And finally, during the second quarter, Price T. Rowe Associates Inc. (MD) increased the amount of Jabil shares it held by 0.4 percent, bringing the total percentage of shares it held to 1. Price T. Rowe Associates Inc. (MD) now owns 50,349 shares of the technology company’s stock, which are currently valued at $2,578,000 after making an additional purchase of 195 shares during the quarter. This brings the total number of shares owned by the company to a total of 50,349; in total, 88.4 percent of the company’s stock is held in portfolios that belong to institutions.
Recent commentary on the stock comes from analysts who focus on equity research and have recently shared their perspectives on the stock. On October 12, a Wednesday, the reporting scope at StockNews.com was expanded to include Jabil stock. As a course of action to take, they suggested that the company should “strongly buy” the stock in question. Credit Suisse Group announced in a research note distributed on Wednesday, December 14, that the company is increasing its price objective for Jabil shares to $80.00. As a result of a research note that was published on Friday, December 16, Citigroup has raised the price objective that it has set for Jabil’s shares from $80.00 to $85.00. The previous price objective was $80.00. The research note published by the UBS Group on December 13 contained an announcement that the company would initiate coverage of shares of Jabil. They decided to maintain a “neutral” rating and set a price objective of $70.00 for the company’s shares. Raymond James decreased their price objective on Jabil stock from $80.00 to $72.00 in a research report released on September 28. This move was made in response to a competitor’s lower price goal. One of the analysts has assigned the stock a rating of “hold,” while two others have assigned it a rating of “buy,” two others have assigned it a “strong buy” recommendation, and one other analyst has assigned it a rating of “hold.” The website Bloomberg.com provided the following information: The current rating for the company is “Buy,” and analysts have set an average price objective of $76.60 for the share price of the company’s stock.
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