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JBL $120.24

JBL target price
120.24
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32
Jabil Inc.
Type
Public
Traded as NYSE: JBL
S&P 400 Component
Industry Electronics Manufacturing Services
Founded 1966; 51 years ago (1966)
Detroit, Michigan, United States
Founder William E. Morean and James Golden
Headquarters St. Petersburg, Florida, United States
Number of locations
23 countries
Area served
Worldwide
Key people
Mark Mondello, CEO
Tim Main, Chairman of the Board
William E. Peters, President
William D. Muir, Jr., COO
Revenue Increase US$ 18.3 billion USD (2013)
Operating income
Decrease US$ 511.4 million USD (2013)
Net income
Decrease US$ 371.4 million USD (2013)
Total assets Increase US$ 9.1 billion USD (2013)
Total equity Increase US$ 2.3 billion USD (2013)
Number of employees
177,000+
Website www.jabil.com

Jabil Inc. is a United States-based global manufacturing services company. Headquartered in St. Petersburg, Florida, it is one of the largest companies in the Tampa Bay area. Jabil has 90 facilities in 23 countries, and 175,000 employees worldwide.

The company's name derives from those of its two founders, James Golden and Bill Morean, who founded the company in 1966. Jabil was incorporated in 1969. An early product was PCBs.

In the 1980s, the company was making parts for PC companies like Dell, and this continued through the mid 1990s.

The company went public in 1993. In 1998, Jabil began trading publicly on the New York Stock Exchange under ticker symbol JBL. The company was added to the S&P 500 Index in 2001. The company was moved from the S&P 500 Index to the S&P MidCap 400 Index in 2014.

On March 1, 2013, Jabil appointed William E. Peters as President and William D. Muir, Jr. as Chief Operating Officers. Both had been with Jabil for more than 20 years. On the same day, Mark Mondello was appointed to CEO, replacing Timothy Main, who was elected Chairman of the Board of Directors. The appointments were sparked by the retirement of Board Chairman William Morean whose father founded Jabil in 1966.

The company reports on its website that it operates 90 plants in 23 different countries.

The company was moved from the S&P 500 Index to the S&P MidCap 400 Index in 2014. Jabil announced that it is closing its first European international plant in Livingston, UK in 2017. 266 employees will be losing their jobs in Livingston, UK. Jabil laid off approximately 400 people in Sept 2016, 100 of those being corporate employees located in St. Petersburg Florida.

Jabil customers span numerous industries, including healthcare, life sciences, clean technology, instrumentation, defense, aerospace, automotive, computing, storage, consumer products, networking and telecommunications. Its services include design engineering, manufacturing and supply chain services for the EMS and consumer industries; and materials technology services (plastics, metals, automation and tooling). Jabil diversifies their business into three areas.

Jabil is involved in design engineering services. The company has industrial design services that concentrate on designing the look and feel of plastic and metal enclosures that house printed circuit board assemblies and systems. Mechanical design services of Jabil include dimensional design and analysis of electronic and optical assemblies. Computer assisted design from Jabil includes printed circuit board assembly design testing and verification and other consulting services.

Jabil has an industry-specific design team for each of the industries that they supply including computer and storage, digital home, healthcare and instrumentation, point of sale, and mobile. Jabil has assisted many Fortune 500 companies with design and engineering including inventing the Sandy Creek, a dual Intel Xeon E5-2690 (Sandy Bridge Romley-EP) based reference design for use in customer applications. Jabil also assisted Cisco with value engineering by placing RFID in circuit boards to store data about the host board.

Jabil provides supply chain and logistic services. These services include electronic sourcing, virtual / vertical mechanics, logistics, supply chain management, advanced planning, quality, standardized global systems, and supply chain solutions and business analytics. Examples of the company's supply chain and logistics management were seen during the 2011 Tōhoku earthquake and tsunami in Japan. When supply chain disruption occurred, Jabil re-routed supply from alternative sources, allocated limited production to key customers and distributors, specify and quality alternative parts, and called on existing suppliers to help reduce the impact of the disruptions. Jabil was able to do the same during the 2010 and 2011 Thailand floods.

Over the years, Jabil has received awards for its community engagement and business practices. Jabil’s organizational culture supports numerous social and environmental responsibility initiatives and embraces lean thinking throughout the organization. The company also has its own university that it uses to promote employees from within the company. The university has programs for Operator To Supervisor, Blue Collar to White Collar, and White Collar to Future Manager.

Jabil's company culture uses the concept of lean manufacturing which is the process of driving improvement and innovation by reducing waste and increasing process speed. In September 2011, Jabil hosted 14,000 Kaizen Blitz events. Kaizen is a Japanese term for improvement and Kaizen events are focused projects that aim to improve processes. Many of Jabil's senior leaders are currently undergoing or have already achieved Six Sigma Black Belt Certification (a Jack Welch principle).

Jabil also holds an annual improvement competition known as "Deliver Best Practices." This is a company-wide (and worldwide) competition to recognize, support, and promote process advancements within the company. Employee teams enter innovative and cost-saving projects into the Deliver Best Practices competition. After several rounds, the top twenty four projects from the global teams win a trip to Jabil's corporate offices and present their projects to company executives in person. One project in four different categories is chosen and the team receives a $10,000 prize.

Jabil is involved in both social and environmental responsibility. Jabil employs a Director of Social and Environmental Responsibility as part of their company who also serves on the Board of Directors for the Electronic Industry Citizenship Coalition. Jabil is also involved with charity and non-profit organizations outside of the Tampa / St. Petersburg area as well. They are a donor for the Guadalajara Los Pinos Boys Shelter in Los Pinos, Mexico. In Japan, Jabil Gotemba employees harvest and sell fruits to Jabil employees and use the proceeds to purchase and donate wheelchairs to the Gotemba community. Jabil employee Rick Smiley climbed Mt. Kilimanjaro in 2011 to raise money for charity. The funds that he raised went to an orphanage in Kenya called "New Hope."

As part of the company's global initiative, more than 7,000 Jabil employees donated money to help the victim's of the 2011 earthquake and tsunami in Japan. Jabil Green Point Wuxi and Wuxi Konggang Industrial Park teamed up to build the Shuofang Agricultural Sanatorium for the Disabled and the Health and Happiness Garden on site. The facility opened on May 15, 2012.

Jabil has been the recipient of many awards and recognition. It was the first ever recipient of the Mexican government's National Quality Award which was given to it in 2006. This award is given to organizations recognized for their total quality management practices.

The company was awarded with the Excellence in Best Practices Award from Frost & Sullivan in 2009. The company also received an HR award in Poland and a NEC Solution America's Favored Supplier Award. Jabil was awarded with the 2010 Save Energy Now Award by the United States Department of Energy.

Jabil made the list of Newsweek S&P 500 Green Companies in 2011. It was the 3rd consecutive year for Jabil to be on the list, improving each year from number 200 to number 127 in 2011 They were also given the 2010-2011 Annual Enterprise of Harmonious Labor Relation of Guangzhou City award.

In 2012, Jabil was recognized by Fortune Magazine as one of the Fortune 500 Most Admired Companies Jabil was also awarded with the 2012 Kaizen Award in China by 1MFG and Masaaki lmai’s Kaizen Institute Consulting Group (KICG). In 2012, Tim Main, former CEO and current Chairman of the Board, and Bill Morean, former Chairman of the Board of Directors, won Entrepreneur of the Year Awards from Ernst & Young, LLC for the Florida region. Jabil Circuit Shanghai received the Institute of Engineers Lean Best Practice Award in 2014, an award given in recognition of innovation and Lean Six Sigma capabilities.

Jabil has acquired numerous companies and arms of companies. Their acquisitions have helped them expand their presence in countries such as China, Mexico, India, Spain, the Netherlands and Russia to name a few. In 2011, Jabil opened a Photovoltaic Certification and Testing Laboratory in St. Petersburg, FL. In February 2013, Jabil announced it would be purchasing Nypro for $665 Million in cash. The purchase was completed in July 2013.

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q4 2022 2022-09-27 Future report Set alerts
Q3 2022 2022-06-16 1.72 1.72
Q2 2022 2022-03-16 1.68 1.68
Q1 2022 2021-12-16 1.92 1.92
Q4 2021 2021-09-29 1.44 1.44
Q3 2021 2021-06-17 1.30 1.30
Q3 2020 2021-06-17 1.30 1.30
Q2 2021 2021-03-16 1.27 1.27
Q2 2020 2021-03-16 1.27 1.27
Q1 2021 2020-12-17 1.60 1.60

Ratings

2016-06-18 Reiterated Rating B. Riley Buy $22.00
2016-06-18 Reiterated Rating RBC Capital Hold
2016-06-18 Reiterated Rating Royal Bank Of Canada Hold
2016-06-17 Reiterated Rating Raymond James Outperform $21.00
2016-06-17 Reiterated Rating Needham & Company LLC Buy
2016-06-17 Reiterated Rating Raymond James Financial Inc. Outperform $21.00
2016-06-16 Reiterated Rating Bank of America Buy
2016-06-16 Reiterated Rating Argus Hold
2016-06-16 Lower Price Target Deutsche Bank Hold $21.00 to $18.00
2016-06-16 Lower Price Target UBS AG Sell to Buy $22.00 to $20.00
2016-06-16 Reiterated Rating Citigroup Inc. Sell $17.00
2016-06-16 Lower Price Target RBC Capital Sector Perform $21.00 to $20.00
2016-06-16 Reiterated Rating Bank of America Corp. Buy
2016-06-16 Lower Price Target Deutsche Bank AG Hold $21.00 to $18.00
2016-06-13 Reiterated Rating B. Riley Buy $26.00
2016-06-10 Reiterated Rating RBC Capital Hold $21.00
2016-06-07 Downgrade Goldman Sachs Neutral to Sell $19.00 to $17.00
2016-06-07 Downgrade Goldman Sachs Group Inc. Neutral to Sell $19.00 to $17.00
2016-05-14 Reiterated Rating RBC Capital Sector Perform $21.00
2016-04-28 Reiterated Rating Raymond James Outperform $24.00 to $21.00
2016-03-19 Reiterated Rating B. Riley Buy $26.00
2016-03-19 Reiterated Rating RBC Capital Hold
2016-03-18 Reiterated Rating Pacific Crest Overweight $127.00
2016-03-18 Reiterated Rating Goldman Sachs Hold $19.00
2016-03-18 Downgrade Argus Buy to Hold
2016-03-17 Lower Price Target Needham & Company LLC Buy $29.00 to $25.00
2016-03-17 Reiterated Rating Citigroup Inc. Sell $19.00 to $17.00
2016-03-17 Lower Price Target RBC Capital Sector Perform $23.00 to $21.00
2016-03-17 Lower Price Target Deutsche Bank Hold $25.00 to $21.00
2016-03-14 Reiterated Rating B. Riley Buy $30.00 to $26.00
2016-02-11 Lower Price Target Citigroup Inc. Sell $22.00 to $19.00
2016-01-25 Lower Price Target RBC Capital Sector Perform $26.00 to $23.00
2015-12-22 Boost Price Target Argus Buy $26.00 to $28.00
2015-12-22 Reiterated Rating B. Riley Buy $30.00
2015-12-18 Reiterated Rating RBC Capital Hold
2015-12-17 Boost Price Target RBC Capital Sector Perform $25.00 to $26.00
2015-12-17 Reiterated Rating B. Riley Buy $30.00
2015-12-17 Reiterated Rating Stifel Nicolaus Hold
2015-12-09 Downgrade Stifel Nicolaus Buy to Hold
2015-10-14 Initiated Coverage B. Riley Buy $29.00
2015-10-09 Initiated Coverage B. Riley Buy $29.00
2015-09-27 Reiterated Rating Deutsche Bank Hold $25.00
2015-09-25 Reiterated Rating Raymond James Buy $27.00
2015-09-25 Reiterated Rating Stifel Nicolaus Buy
2015-09-25 Reiterated Rating Needham & Company LLC Buy $29.00
2015-09-25 Reiterated Rating RBC Capital Sector Perform $24.00 to $25.00
2015-06-23 Reiterated Rating Needham & Company LLC Buy $29.00
2015-06-15 Reiterated Rating Raymond James Outperform $27.00
2015-06-15 Upgrade Needham & Company LLC Hold to Buy $29.00
2015-06-11 Boost Price Target RBC Capital Sector Perform $23.00 to $24.00
2015-04-08 Upgrade Raymond James Market Perform to Outperform $23.25 to $27.00
2015-03-19 Boost Price Target Deutsche Bank Hold $22.00 to $25.00
2015-03-18 Downgrade Citigroup Inc. Sell $19.00 to $20.00
2015-03-16 Upgrade Cross Research Hold to Buy $23.00 to $30.00
2014-12-18 Reiterated Rating RBC Capital Hold $22.00
2014-12-18 Reiterated Rating Stifel Nicolaus Buy $24.00
2014-12-18 Reiterated Rating Raymond James Hold
2014-12-18 Boost Price Target Deutsche Bank HOLD $20.00 to $22.00
2014-11-13 Downgrade Goldman Sachs Buy to Neutral $22.00
2014-09-26 Reiterated Rating Argus Buy $23.00 to $20.39
2014-09-25 Reiterated UBS Buy $23 to $25
2014-09-25 Reiterated Rating Citigroup Inc. Sell $16.50 to $17.00
2014-07-24 Downgrade Goldman Sachs Conviction-Buy to Buy
2014-07-22 Upgrade Scotiabank Market Perform to Outperform
2014-06-19 Reiterated Rating Citigroup Inc. Sell $15.00 to $16.50
2014-04-21 Downgrade RBC Capital Outperform to Sector Perform $21.00 to $20.00
2014-03-20 Boost Price Target Citigroup Inc. $14.00 to $15.00
2014-03-20 Boost Price Target RBC Capital $19.00 to $21.00
2014-03-20 Upgrade Scotiabank Underperform to Sector Perform
2014-02-28 Downgrade Raymond James Outperform to Market Perform
2014-01-14 Upgrade Goldman Sachs Neutral to Conviction-Buy
2013-12-20 Reiterated Rating Deutsche Bank Hold $20.00 to $17.00
2013-12-18 Downgrade Scotiabank Underperform
2013-12-18 Lower Price Target Stifel Nicolaus Buy $26.00 to $24.00
2013-12-18 Downgrade Longbow Research Buy to Neutral $25.00
2013-12-18 Lower Price Target RBC Capital $24.00 to $19.00
2013-12-18 Downgrade Citigroup Inc. Neutral to Sell $24.00 to $14.00
2013-12-18 Downgrade Needham & Company LLC Buy to Hold
2013-10-31 Downgrade Needham & Company LLC Strong-Buy to Buy
2013-10-02 Initiated Coverage Goldman Sachs Neutral $22.00
2013-09-27 Lower Price Target Raymond James Strong-Buy $28.00 to $27.00
2013-09-26 Lower Price Target Scotiabank $27.80 to $26.10
2013-09-26 Lower Price Target RBC Capital Outperform $25.00 to $24.00
2013-09-26 Reiterated Rating Deutsche Bank Hold
2013-09-25 Upgrade Needham & Company LLC Buy to Strong-Buy
2013-05-28 Initiated Standpoint Research Buy $28
2012-06-20 Reiterated Needham Buy $29 to $25
2016-06-18 Reiterated Rating B. Riley Buy $22.00
2016-06-18 Reiterated Rating RBC Capital Hold
2016-06-18 Reiterated Rating Royal Bank Of Canada Hold
2016-06-17 Reiterated Rating Raymond James Outperform $21.00
2016-06-17 Reiterated Rating Needham & Company LLC Buy

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks
MONDELLO MARK T Chief Executive Officer 0.91%  (1816889) JBL /
PETERS WILLIAM E President 0.28%  (566754) JBL /
ALEXANDER FORBES I J Chief Financial Officer 0.26%  (517939) CBI / JBL /
MCGEE JOSEPH A EVP,Strategic Plng&Development 0.19%  (386194) JBL /
Parimbelli Alessandro EVP, CEO, E & I 0.17%  (339020) JBL /
RYAN COURTNEY J EVP, CEO, Nypro 0.17%  (338054) JBL /
SANSONE THOMAS A 0.17%  (330325) JBL /
MUIR WILLIAM D JR Chief Operating Officer 0.16%  (321840) JBL / SYKE /
MAIN TIMOTHY L 0.15%  (307983) DGX / JBL /
Chiang Hwai Hai EVP, CEO, Materials Tech Svcs 0.15%  (293887) JBL /
PAVER ROBERT L Corp. Sec. & General Counsel 0.14%  (275670) JBL /
BORGES STEVEN D EVP, CEO, Healthcare 0.13%  (261076) JBL /
Loparco Michael J EVP, CEO High Velocity, I&E 0.13%  (260801) JBL /
Hoch Erich EVP, CEO, Jabil Packg Solution 0.10%  (204325) JBL /
RAYMUND STEVEN A 0.09%  (184288) JBL / TECD / WCC /
Dastoor Michael SVP, Controller 0.09%  (170278) JBL /
Slipy Scott D. EVP, Chief HR Officer 0.08%  (154642) JBL /
Katz Robert L EVP, GC & Assist.Corp Sec 0.07%  (149563) FDML / IR / JBL /
NEWMAN FRANK A 0.07%  (135165) JBL /
LAVITT MEL S 0.06%  (120930) JBL /
MURPHY LAWRENCE J 0.05%  (104992) JBL / TWTI /
JOHNSON BRUCE ALLAN SVP, Chief Human Resources 0.05%  (99007) JBL /
BROOKS MARTHA 0.05%  (93600) HOG / JBL /
STOUT DAVID M 0.04%  (81600) ARG / JBL /
Cadavid Sergio Treasurer 0.03%  (60305) JBL /
PLANT JOHN C 0.01%  (25600) AA / JBL / MAS / TRW /
ANSARI ANOUSHEH 0.01%  (25600) JBL /