The future of Jabil Inc is in focus with topics ranging from market performance, leadership changes, internal business strategy, and future outlook receiving consistent coverage. CEO Michael Dastoor was recently appointed to the Board of Directors. However, CEO Kenneth Wilson is on paid leave pending an investigation, and in his absence, several executives have sold their stocks. Operations EVP Frederic Mccoy and SVP, Chief Information Officer May Yap sold significant amounts of shares. Despite this, investment in Jabil remains robust. LSV Asset Management has a $265.10 million stock position in Jabil, while Rhumbline Advisers have a $28.78 million holding. Meanwhile, Stanley Laman Group Ltd invested $3.94 million in the company. Jabil's Q3 earnings beat forecasts, but sales fell year-over-year. The company slashed its outlook, expecting $2.5 billion in stock buybacks in FY24. However, its fiscal year 2024 guidance was reiterated. Will top line contraction hinder Jabil's Q3 earnings? Analysts suggest the best way to buy into Apple's success without purchasing Apple shares is investing in Jabil. The verdict whether it is the time to invest in Jabil is not unanimous.
Jabil Stocks JBL News Analytics from Thu, 28 Sep 2023 07:00:00 GMT to Sun, 08 Sep 2024 16:33:52 GMT - Rating -3 - Innovation -7 - Information 2 - Rumor 0
