Artisan Mid Cap Fund has sold its stake in Jabil (JBL), following a similar move by
Swedbank AB. Despite Jabil's earnings growth trailing, it offered impressive shareholder returns. Moreover, a restructuring plan and earnings beat led to an increase in Jabil's stock. Jabil's
quarterly dividend has been announced, but the stock has exhibited instances of sinking amid market gains, leading to questions on whether its valuation is undervalued by 34%. There's active insider selling at Jabil, with an EVP selling 1,380 shares, amidst increase in
short interest. The company surpassed estimates on Q4 earnings and revenues. Despite challenges, Jabil is successfully achieving revenue milestones for future growth. The company got positive analyst recommendations and announced a buyback of $1B with FY25 Guidance. However, there's some uncertainty as CEO Kenny Wilson is on paid leave pending investigation. The company has also issued earnings for Q1 2025, and despite a cautious view publicized, Jabil analysts are confident in growth.
Artificial Intelligence (AI) seems a new growth avenue for Jabil. However, the stock took a hit with Q2 revenue miss and a weak forecast. Lastly, Jabil completed the divestiture of its Mobility Business, with a potential focus on high-growth areas.
Jabil Stocks JBL News Analytics from Mon, 14 Nov 2022 08:00:00 GMT to Sat, 19 Oct 2024 07:50:25 GMT -
Rating -3
- Innovation 0
- Information 4
- Rumor -5
