Jabil Circuit, Inc. (NYSE:JBL) CFO Forbes I. J. Alexander sold 36,831 shares of the stock in a transaction on Thursday, March 16th. The stock was sold at an average price of $27.56, for a total value of $1,015,062.36. Following the sale, the chief financial officer now owns 630,525 shares of the company’s stock, valued at $17,377,269. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Jabil Circuit, Inc. (NYSE:JBL) opened at 28.93 on Tuesday. The firm’s 50-day moving average price is $25.68 and its 200 day moving average price is $22.99. The company has a market capitalization of $5.27 billion, a price-to-earnings ratio of 26.20 and a beta of 0.86. Jabil Circuit, Inc. has a 12-month low of $16.78 and a 12-month high of $29.19.
Jabil Circuit (NYSE:JBL) last announced its quarterly earnings results on Wednesday, March 15th. The company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.02. Jabil Circuit had a net margin of 1.15% and a return on equity of 11.81%. The company earned $4.45 billion during the quarter, compared to analyst estimates of $4.36 billion. During the same quarter in the previous year, the business earned $0.57 EPS. The firm’s revenue was up .9% on a year-over-year basis. On average, equities research analysts expect that Jabil Circuit, Inc. will post $2.08 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, March 1st. Investors of record on Wednesday, February 15th were paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date of this dividend was Monday, February 13th. Jabil Circuit’s payout ratio is presently 28.83%.
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Several analysts recently issued reports on JBL shares. B. Riley lowered Jabil Circuit from a “buy” rating to a “neutral” rating and set a $24.00 price objective for the company. in a report on Monday, December 12th. Deutsche Bank AG reiterated a “hold” rating and set a $22.00 price objective (up from $20.00) on shares of Jabil Circuit in a report on Monday, December 19th. Zacks Investment Research lowered Jabil Circuit from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 15th. Raymond James Financial, Inc. lowered Jabil Circuit from a “strong-buy” rating to a “market perform” rating in a report on Wednesday, March 1st. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $23.00 price objective on shares of Jabil Circuit in a report on Thursday, December 15th. Ten investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $24.58.
Institutional investors have recently made changes to their positions in the company. Penserra Capital Management LLC raised its position in shares of Jabil Circuit by 148.5% in the third quarter. Penserra Capital Management LLC now owns 5,995 shares of the company’s stock worth $130,000 after buying an additional 3,583 shares during the last quarter. Virginia Retirement Systems ET AL bought a new position in shares of Jabil Circuit during the third quarter worth $209,000. Sumitomo Mitsui Trust Holdings Inc. bought a new position in shares of Jabil Circuit during the third quarter worth $219,000. Boothbay Fund Management LLC bought a new position in shares of Jabil Circuit during the fourth quarter worth $224,000. Finally, Cetera Advisors LLC bought a new position in shares of Jabil Circuit during the third quarter worth $244,000. 94.69% of the stock is owned by hedge funds and other institutional investors.
Jabil Circuit Company Profile
Jabil circuit, Inc provides electronic manufacturing services and solutions throughout the world. The Company operates in two segments, which include Electronics Manufacturing Services (EMS) and Diversified Manufacturing Services (DMS). The Company’s EMS segment is focused on leveraging information technology (IT), supply chain design and engineering, technologies centered on core electronics, sharing of its large scale manufacturing infrastructure and the ability to serve a range of markets.
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