Media coverage about Jabil Circuit (NYSE:JBL) has been trending somewhat positive this week, according to Accern Sentiment. The research group ranks the sentiment of news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Jabil Circuit earned a media sentiment score of 0.20 on Accern’s scale. Accern also gave press coverage about the technology company an impact score of 67 out of 100, indicating that recent news coverage is likely to have an effect on the company’s share price in the near future.
Here are some of the media headlines that may have impacted Accern’s rankings:
- Jabil Inc. (NYSE:JBL) Trading Volume Significantly Lower (highlightpress.com)
- Unusual Activity Spotted in Jabil Circuit Inc (JBL) – Sheridan Daily (sheridandaily.com)
- Jabil Circuit Inc (JBL) Shares See TEMA Climbing Higher – Evergreen Caller (evergreencaller.com)
- AAOI and JBL are Aggressive Growth Rank Buys (finance.yahoo.com)
- Jabil Circuit, Inc. (NYSE:JBL) CEO Erich Hoch Sells 521 Shares (americanbankingnews.com)
Jabil Circuit (NYSE JBL) opened at 30.57 on Friday. The stock has a market capitalization of $5.48 billion, a P/E ratio of 47.03 and a beta of 0.56. Jabil Circuit has a one year low of $19.95 and a one year high of $31.70. The company has a 50 day moving average of $29.99 and a 200-day moving average of $28.01.
Jabil Circuit (NYSE:JBL) last announced its earnings results on Wednesday, June 14th. The technology company reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.02. Jabil Circuit had a return on equity of 12.27% and a net margin of 0.66%. The business had revenue of $4.49 billion for the quarter, compared to analysts’ expectations of $4.40 billion. During the same period last year, the firm posted $0.17 earnings per share. The business’s revenue for the quarter was up 4.1% on a year-over-year basis. Equities research analysts predict that Jabil Circuit will post $2.10 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Tuesday, August 15th will be paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 1.05%. The ex-dividend date of this dividend is Friday, August 11th. Jabil Circuit’s payout ratio is 50.00%.
Jabil Circuit declared that its board has authorized a stock buyback plan on Thursday, July 20th that authorizes the company to buyback $450.00 million in outstanding shares. This buyback authorization authorizes the technology company to reacquire up to 8.2% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s board believes its stock is undervalued.
JBL has been the topic of a number of research analyst reports. Zacks Investment Research upgraded shares of Jabil Circuit from a “hold” rating to a “buy” rating and set a $33.00 price target on the stock in a research note on Tuesday, June 20th. Bank of America Corporation reiterated a “buy” rating and set a $34.00 target price (up from $33.00) on shares of Jabil Circuit in a research report on Monday, June 19th. BidaskClub downgraded shares of Jabil Circuit from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 17th. UBS AG reiterated a “buy” rating and set a $35.00 target price (up from $30.00) on shares of Jabil Circuit in a research report on Friday, June 16th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $30.00 target price on shares of Jabil Circuit in a research report on Tuesday, June 13th. Eight equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. Jabil Circuit presently has a consensus rating of “Buy” and a consensus price target of $27.83.
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In related news, COO William D. Muir, Jr. sold 2,000 shares of the business’s stock in a transaction on Monday, May 1st. The stock was sold at an average price of $29.08, for a total transaction of $58,160.00. Following the completion of the transaction, the chief operating officer now owns 522,085 shares in the company, valued at approximately $15,182,231.80. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Thomas A. Sansone sold 25,000 shares of the company’s stock in a transaction on Tuesday, June 6th. The stock was sold at an average price of $31.25, for a total value of $781,250.00. Following the completion of the sale, the director now owns 176,688 shares of the company’s stock, valued at $5,521,500. The disclosure for this sale can be found here. In the last three months, insiders have sold 277,495 shares of company stock worth $8,349,302. Corporate insiders own 2.90% of the company’s stock.
About Jabil Circuit
Jabil Inc, formerly 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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