Jabil, Inc. Announces Quarterly Dividend of $0.08 (NYSE:JBL)
by Renee Jackson · The Cerbat GemJabil, Inc. (NYSE:JBL – Get Free Report) declared a quarterly dividend on Thursday, April 23rd. Stockholders of record on Friday, May 15th will be given a dividend of 0.08 per share by the technology company on Tuesday, June 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date is Friday, May 15th.
Jabil has a dividend payout ratio of 3.1% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Jabil to earn $13.34 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 2.4%.
Jabil Stock Up 0.6%
Shares of NYSE:JBL opened at $338.36 on Friday. The business’s 50 day moving average is $274.09 and its 200 day moving average is $240.85. Jabil has a 12-month low of $139.16 and a 12-month high of $344.50. The stock has a market cap of $35.70 billion, a price-to-earnings ratio of 45.42, a PEG ratio of 1.75 and a beta of 1.16. The company has a quick ratio of 0.68, a current ratio of 1.01 and a debt-to-equity ratio of 2.50.
Jabil (NYSE:JBL – Get Free Report) last posted its quarterly earnings data on Wednesday, March 18th. The technology company reported $2.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.51 by $0.18. The firm had revenue of $8.28 billion for the quarter, compared to the consensus estimate of $7.75 billion. Jabil had a net margin of 2.48% and a return on equity of 80.96%. The business’s revenue for the quarter was up 23.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.94 EPS. On average, sell-side analysts forecast that Jabil will post 11.3 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
Several research firms have commented on JBL. Zacks Research raised shares of Jabil from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 15th. Weiss Ratings upgraded shares of Jabil from a “hold (c+)” rating to a “buy (b)” rating in a research note on Thursday, April 9th. Barclays increased their target price on Jabil from $283.00 to $304.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 18th. Robert W. Baird raised their price target on Jabil from $275.00 to $281.00 and gave the stock an “outperform” rating in a report on Thursday, March 19th. Finally, JPMorgan Chase & Co. lifted their price target on Jabil from $270.00 to $300.00 and gave the company an “overweight” rating in a research report on Thursday, March 12th. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $290.63.
View Our Latest Analysis on Jabil
Jabil Company Profile
Jabil Inc (NYSE: JBL) is a global manufacturing solutions provider specializing in electronic manufacturing services (EMS) and diversified products across a wide range of industries. The company partners with original equipment manufacturers to deliver design engineering, supply chain management, precision manufacturing, and aftermarket services. Jabil’s expertise spans sectors such as healthcare, automotive, clean technology, telecommunications, consumer electronics, and packaging, enabling it to support both high-volume production and complex, mission-critical applications.
Founded in 1966 by William E.