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Jabil : Announces New $1 Billion Share Repurchase Authorization

07/23/2021 | 08:01am EDT

Today, Jabil Inc. (NYSE: JBL), announced that its Board of Directors has authorized a share repurchase program of up to $1 billion in common stock. The shares will be repurchased from time-to-time through fiscal year 2023 using various methods, including in the open market at the Company's discretion and subject to market conditions and other factors.

“This is continued evidence of our ongoing commitment to return capital to shareholders,” said CEO Mark Mondello. “This $1 billion authorization reflects our belief in Jabil’s ability to generate strong earnings and free cash flows,” added Mondello.

Since 2016, Jabil has returned approximately $2 billion to shareholders through both share repurchases and dividends. As part of this shareholder return framework, Jabil has repurchased 63.6 million shares at an average price of $28.73.

“The Jabil team continues to deliver strong results as we focus on best-in-class financial targets at scale. We look forward to sharing more detail, including our outlook for FY22, during our fourth annual investor briefing in September,” continued Mondello.

About Jabil: Jabil (NYSE: JBL) is a manufacturing solutions provider with over 260,000 employees across 100 locations in 30 countries. The world's leading brands rely on Jabil's unmatched breadth and depth of end-market experience, technical and design capabilities, manufacturing know-how, supply chain insights and global product management expertise. Driven by a common purpose, Jabil and its people are committed to making a positive impact on their local community and the environment. Visit www.jabil.com to learn more.

ę Business Wire 2021
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Analyst Recommendations on JABIL INC.
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Financials (USD)
Sales 2021 29 548 M - -
Net income 2021 697 M - -
Net Debt 2021 1 227 M - -
P/E ratio 2021 13,6x
Yield 2021 0,53%
Capitalization 9 072 M 9 072 M -
EV / Sales 2021 0,35x
EV / Sales 2022 0,32x
Nbr of Employees 240 000
Free-Float 51,4%
Duration : Period :
Jabil Inc. Technical Analysis Chart | MarketScreener
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Technical analysis trends JABIL INC.
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus BUY
Number of Analysts 8
Last Close Price 62,21 $
Average target price 67,57 $
Spread / Average Target 8,62%
EPS Revisions
Managers and Directors
Mark T. Mondello Chief Executive Officer & Director
Meheryar K. Dastoor Chief Financial Officer & Executive Vice President
Timothy L. Main Non-Executive Chairman
May Yap Chief Information Officer & Senior Vice President
Robert L. Katz Executive VP, Chief Ethics & Compliance Officer
Sector and Competitors