In the latest session, Jabil Inc (NYSE: JBL) closed at $123.15 down -16.49% from its previous closing price of $147.46. In other words, the price has decreased by -$24.31 from its previous closing price. On the day, 8460987 shares were traded.
Ratios:
For a deeper understanding of Jabil Inc’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 6.12 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 17.99. For the most recent quarter (mrq), Quick Ratio is recorded 0.72 and its Current Ratio is at 1.17. In the meantime, Its Debt-to-Equity ratio is 1.22 whereas as Long-Term Debt/Eq ratio is at 1.19.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Barclays on January 17, 2024, Reiterated its Overweight rating but revised its target price to $151 from $153 previously.
On September 07, 2023, Barclays started tracking the stock assigning a Overweight rating and target price of $134.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Jan 29 ’24 when STOUT DAVID M sold 31,300 shares for $123.12 per share. The transaction valued at 3,853,630 led to the insider holds 67,300 shares of the business.
Ferri Roberto sold 6,183 shares of JBL for $803,605 on Jan 11 ’24. The SVP, Global Sales now owns 37,512 shares after completing the transaction at $129.97 per share. On Jan 03 ’24, another insider, BORGES STEVEN D, who serves as the EVP, CEO, DMS of the company, sold 14,175 shares for $130.00 each. As a result, the insider received 1,842,750 and left with 103,086 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, JBL now has a Market Capitalization of 15.71B and an Enterprise Value of 17.40B. As of this moment, Jabil’s Price-to-Earnings (P/E) ratio for their current fiscal year is 10.56, and their Forward P/E ratio for the next fiscal year is 11.57. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.79. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.49 while its Price-to-Book (P/B) ratio in mrq is 6.25. Its current Enterprise Value per Revenue stands at 0.52 whereas that against EBITDA is 7.66.
Stock Price History:
Over the past 52 weeks, JBL has reached a high of $156.94, while it has fallen to a 52-week low of $74.16. The 50-Day Moving Average of the stock is 135.26, while the 200-Day Moving Average is calculated to be 120.59.
Shares Statistics:
For the past three months, JBL has traded an average of 1.69M shares per day and 2.05M over the past ten days. A total of 131.29M shares are outstanding, with a floating share count of 123.12M. Insiders hold about 3.47% of the company’s shares, while institutions hold 94.19% stake in the company. Shares short for JBL as of Feb 29, 2024 were 4.58M with a Short Ratio of 2.70, compared to 4.39M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 3.59% and a Short% of Float of 4.76%.
Dividends & Splits
According to the company, the forward annual dividend rate for JBL is 0.32, from 0.32 in the trailing year. Against a Trailing Annual Dividend Yield of 0.22%, it implies a Forward Annual Dividend Yield of 0.26%. The stock’s 5-year Average Dividend Yield is 0.66. The current Payout Ratio is 5.32% for JBL, which recently paid a dividend on Mar 04, 2024 with an ex-dividend date of Feb 14, 2024. Stock splits for the company last occurred on Mar 31, 2000 when the company split stock in a 2:1 ratio.
Earnings Estimates
There are 8 different market analysts currently analyzing its stock. On average, analysts expect EPS of $1.66 for the current quarter, with a high estimate of $1.75 and a low estimate of $1.6, while EPS last year was $1.88. The consensus estimate for the next quarter is $2.12, with high estimates of $2.21 and low estimates of $2.06.
Analysts are recommending an EPS of between $9.15 and $8.65 for the fiscal current year, implying an average EPS of $8.99. EPS for the following year is $10.66, with 9 analysts recommending between $10.8 and $10.19.
Revenue Estimates
A total of 8 analysts have provided revenue estimates for JBL’s current fiscal year. The highest revenue estimate was $30.63B, while the lowest revenue estimate was $29.88B, resulting in an average revenue estimate of $30.5B. In the same quarter a year ago, actual revenue was $34.7B, down -12.10% from the average estimate. Based on 8 analysts’ estimates, the company’s revenue will be $31.8B in the next fiscal year. The high estimate is $32.5B and the low estimate is $30.2B. The average revenue growth estimate for next year is up 4.30% from the average revenue estimate for this year.
