Jabil Circuit Inc. (JBL) Issues Earnings Results
Jabil Circuit Inc. (NYSE:JBL) posted its quarterly earnings data on Wednesday. The company reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.03. Jabil Circuit had a return on equity of 14.04% and a net margin of 1.63%. During the same quarter in the previous year, the firm posted $0.53 earnings per share.
Jabil Circuit (NYSE:JBL) traded up 2.46% during midday trading on Wednesday, reaching $23.73. The company had a trading volume of 4,006,053 shares. The company has a market capitalization of $4.53 billion, a PE ratio of 15.13 and a beta of 0.87. Jabil Circuit has a one year low of $16.78 and a one year high of $26.00. The stock’s 50 day moving average is $21.17 and its 200 day moving average is $19.46.
The firm also recently declared a quarterly dividend, which was paid on Thursday, September 1st. Investors of record on Monday, August 15th were given a dividend of $0.08 per share. The ex-dividend date was Thursday, August 11th. This represents a $0.32 dividend on an annualized basis and a yield of 1.35%. Jabil Circuit’s dividend payout ratio (DPR) is presently 20.38%.
Several research firms recently weighed in on JBL. B. Riley reissued a “buy” rating and set a $27.00 price objective (up previously from $22.00) on shares of Jabil Circuit in a research report on Monday. Royal Bank Of Canada reissued a “hold” rating on shares of Jabil Circuit in a research report on Saturday, June 18th. TheStreet cut Jabil Circuit to a “sell” rating in a research report on Thursday, May 26th. Argus reissued a “hold” rating on shares of Jabil Circuit in a research report on Thursday, June 16th. Finally, Zacks Investment Research cut Jabil Circuit from a “hold” rating to a “sell” rating in a report on Tuesday, June 21st. One research analyst has rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $31.42.
In other Jabil Circuit news, CEO Michael J. Loparco sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, September 19th. The shares were sold at an average price of $22.90, for a total transaction of $45,800.00. Following the completion of the sale, the chief executive officer now directly owns 239,092 shares in the company, valued at $5,475,206.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, President William E. Peters sold 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 20th. The stock was sold at an average price of $23.25, for a total transaction of $465,000.00. The disclosure for this sale can be found here. Corporate insiders own 2.90% of the company’s stock.
Large investors have recently modified their holdings of the company. Kempen Capital Management N.V. increased its stake in shares of Jabil Circuit by 42.9% in the second quarter. Kempen Capital Management N.V. now owns 26,295 shares of the company’s stock valued at $486,000 after buying an additional 7,900 shares during the period. TFS Capital LLC bought a new stake in shares of Jabil Circuit during the second quarter valued at about $351,000. FMR LLC increased its stake in shares of Jabil Circuit by 57.2% in the second quarter. FMR LLC now owns 16,352,044 shares of the company’s stock valued at $302,022,000 after buying an additional 5,952,664 shares during the period. United Services Automobile Association increased its stake in shares of Jabil Circuit by 2.2% in the second quarter. United Services Automobile Association now owns 29,590 shares of the company’s stock valued at $547,000 after buying an additional 630 shares during the period. Finally, Pacad Investment Ltd. bought a new stake in shares of Jabil Circuit during the second quarter valued at about $414,000. Hedge funds and other institutional investors own 89.92% of the company’s stock.
Jabil Circuit Company Profile
Jabil Circuit, Inc provides electronic manufacturing services and solutions. The Company provides electronic design, production and product management services to companies in the aerospace, automotive, computing, defense, digital home, energy, healthcare, industrial, instrumentation, lifestyles, mobility, mold, networking, packaging, peripherals, storage, telecommunications and wearable technology industries.
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