During the recent session, Jabil Inc (NYSE:JBL)’s traded shares were 2.55 million, with the beta value of the company hitting 1.42. At the last check today, the stock’s price was $125.00, reflecting an intraday loss of -15.23% or -$22.46. The 52-week high for the JBL share is $156.94, that puts it down -25.55 from that peak though still a striking 40.67% gain since the share price plummeted to a 52-week low of $74.16. The company’s market capitalization is $15.94B, and the average intraday trading volume over the past 10 days was 1.34 million shares, and the average trade volume was 1.69 million shares over the past three months.
Jabil Inc (NYSE:JBL) trade information
Jabil Inc (JBL) registered a -15.23% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -15.23% in intraday trading to $125.00, hitting a weekly high. The stock’s 5-day price performance is -17.35%, and it has moved by -11.55% in 30 days. Based on these gigs, the overall price performance for the year is 55.61%. The short interest in Jabil Inc (NYSE:JBL) is 4.58 million shares and it means that shorts have 4.53 day(s) to cover.
Jabil Inc (JBL) estimates and forecasts
Statistics show that Jabil Inc has outperformed its competitors in share price, compared to the industry in which it operates. Jabil Inc (JBL) shares have gone up 15.02% during the last six months, with a year-to-date growth rate more than the industry average at 3.01% against -3.50. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to shrink -11.70% this quarter and then jump 6.50% in the quarter after that. In the rating firms’ projections, revenue will decrease -12.10% compared to the previous financial year.
Revenue for the current quarter is expected to be $6.89 billion as predicted by 7 analyst(s). Meanwhile, a consensus of 7 analyst(s) estimates revenue growth to $7.37 billion by the end of May 2024.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 65.15%. While earnings are projected to return 4.18% in 2024, the next five years will return 12.15% per annum.
JBL Dividends
Jabil Inc is due to release its next quarterly earnings on March 15. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for Jabil Inc is 0.32, with the dividend yield indicating at 0.26 percent, continuing the trend of increasing dividends in recent years.
Jabil Inc (NYSE:JBL)’s Major holders
Jabil Inc insiders own 2.78% of total outstanding shares while institutional holders control 95.02%, with the float percentage being 97.74%. Vanguard Group Inc is the largest shareholder of the company, while 932 institutions own stock in it. As of Jun 29, 2023, the company held over 13.92 million shares (or 10.64% of all shares), a total value of $1.5 billion in shares.
The next largest institutional holding, with 12.89 million shares, is of Blackrock Inc.’s that is approximately 9.85% of outstanding shares. At the market price on Jun 29, 2023, these shares were valued at $1.39 billion.
Also, the Mutual Funds coming in first place with the largest holdings of Jabil Inc (JBL) shares are Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund. Data provided on Jun 29, 2023 indicates that Vanguard Total Stock Market Index Fund owns about 3.95 million shares. This amounts to just over 3.01 percent of the company’s overall shares, with a $425.79 million market value. The same data shows that the other fund manager holds slightly less at 3.25 million, or about 2.49% of the stock, which is worth about $351.24 million.
