After finishing at $138.19 in the prior trading day, Jabil Inc (NYSE: JBL) closed at $135.88, down -1.67%. In other words, the price has decreased by -$2.31 from its previous closing price. On the day, 1088914 shares were traded. JBL stock price reached its highest trading level at $140.87 during the session, while it also had its lowest trading level at $135.71.
Ratios:
Our goal is to gain a better understanding of JBL by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 6.75 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 19.85. 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.
On January 17, 2024, Barclays reiterated its Overweight rating and also upped its target price recommendation from $153 to $151.
On September 07, 2023, Barclays started tracking the stock assigning a Overweight rating and target price of $134.Barclays initiated its Overweight rating on September 07, 2023, with a $134 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Mar 19 ’24 when MONDELLO MARK T sold 50,000 shares for $126.09 per share. The transaction valued at 6,304,540 led to the insider holds 1,809,194 shares of the business.
STOUT DAVID M sold 31,300 shares of JBL for $3,853,630 on Jan 29 ’24. The Director now owns 67,300 shares after completing the transaction at $123.12 per share. On Jan 11 ’24, another insider, Ferri Roberto, who serves as the SVP, Global Sales of the company, sold 6,183 shares for $129.97 each. As a result, the insider received 803,605 and left with 37,512 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 17.33B and an Enterprise Value of 19.02B. As of this moment, Jabil’s Price-to-Earnings (P/E) ratio for their current fiscal year is 11.65, and their Forward P/E ratio for the next fiscal year is 12.94. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.88. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.54 while its Price-to-Book (P/B) ratio in mrq is 6.90. Its current Enterprise Value per Revenue stands at 0.57 whereas that against EBITDA is 8.38.
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 $75.48. The 50-Day Moving Average of the stock is 136.54, while the 200-Day Moving Average is calculated to be 122.79.
Shares Statistics:
The stock has traded on average 1.35M shares per day over the past 3-months and 1.18M shares per day over the last 10 days, according to various share statistics. A total of 131.29M shares are outstanding, with a floating share count of 123.17M. Insiders hold about 3.43% of the company’s shares, while institutions hold 94.23% stake in the company. Shares short for JBL as of Mar 15, 2024 were 5.62M with a Short Ratio of 4.15, compared to 4.84M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 4.40% and a Short% of Float of 5.84%.
Dividends & Splits
In the trailing 12 months, JBL’s forward annual dividend rate was 0.32, compared to 0.32 this year. Against a Trailing Annual Dividend Yield of 0.23%, it implies a Forward Annual Dividend Yield of 0.23%. The stock’s 5-year Average Dividend Yield is 0.64. 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
Its stock is currently analyzed by 8 different market analysts. On average, analysts expect EPS of $1.85 for the current quarter, with a high estimate of $1.93 and a low estimate of $1.77, while EPS last year was $1.99. The consensus estimate for the next quarter is $2.21, with high estimates of $2.27 and low estimates of $2.1.
Analysts are recommending an EPS of between $8.42 and $8.23 for the fiscal current year, implying an average EPS of $8.37. EPS for the following year is $10.5, with 9 analysts recommending between $10.7 and $10.18.
Revenue Estimates
A total of 10 analysts have provided revenue estimates for JBL’s current fiscal year. The highest revenue estimate was $28.6B, while the lowest revenue estimate was $28.42B, resulting in an average revenue estimate of $28.51B. In the same quarter a year ago, actual revenue was $34.7B, down -17.90% from the average estimate. Based on 10 analysts’ estimates, the company’s revenue will be $29.74B in the next fiscal year. The high estimate is $30.7B and the low estimate is $29.01B. The average revenue growth estimate for next year is up 4.30% from the average revenue estimate for this year.
