Jabil Circuit, Inc. (NYSE:JBL) COO William D. Muir, Jr. sold 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $28.41, for a total transaction of $568,200.00. Following the completion of the sale, the chief operating officer now owns 321,840 shares in the company, valued at approximately $9,143,474.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Jabil Circuit, Inc. (JBL) opened at $29.22 on Friday. The company has a quick ratio of 0.54, a current ratio of 0.96 and a debt-to-equity ratio of 0.69. The stock has a market cap of $5,140.00, a P/E ratio of 15.43, a PEG ratio of 1.08 and a beta of 0.53. Jabil Circuit, Inc. has a 1-year low of $20.32 and a 1-year high of $31.70.
Jabil Circuit (NYSE:JBL) last posted its quarterly earnings data on Wednesday, September 27th. The technology company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.03. The business had revenue of $5.02 billion during the quarter, compared to analysts’ expectations of $4.86 billion. Jabil Circuit had a net margin of 0.68% and a return on equity of 14.47%. The business’s revenue was up 13.4% on a year-over-year basis. During the same period last year, the firm posted $0.28 earnings per share. analysts anticipate that Jabil Circuit, Inc. will post 2.22 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Wednesday, November 15th will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date of this dividend is Tuesday, November 14th. Jabil Circuit’s payout ratio is 46.38%.
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Several equities research analysts have commented on the stock. UBS AG restated a “buy” rating and issued a $35.00 price target on shares of Jabil Circuit in a research note on Tuesday, October 17th. The Goldman Sachs Group, Inc. lowered shares of Jabil Circuit from a “neutral” rating to a “sell” rating and dropped their price target for the company from $28.00 to $26.00 in a research note on Tuesday, October 10th. ValuEngine lowered shares of Jabil Circuit from a “strong-buy” rating to a “buy” rating in a research note on Monday, October 2nd. Zacks Investment Research upgraded shares of Jabil Circuit from a “hold” rating to a “strong-buy” rating and set a $34.00 price target on the stock in a research note on Monday, October 2nd. Finally, Stifel Nicolaus restated a “hold” rating and issued a $30.00 price target on shares of Jabil Circuit in a research note on Thursday, September 28th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $30.50.
A number of large investors have recently modified their holdings of JBL. AJO LP boosted its holdings in Jabil Circuit by 7,383.3% during the second quarter. AJO LP now owns 3,512,607 shares of the technology company’s stock worth $102,533,000 after buying an additional 3,465,668 shares in the last quarter. Federated Investors Inc. PA boosted its holdings in Jabil Circuit by 495.2% during the second quarter. Federated Investors Inc. PA now owns 589,213 shares of the technology company’s stock worth $17,199,000 after buying an additional 490,215 shares in the last quarter. LSV Asset Management boosted its holdings in Jabil Circuit by 11.8% during the second quarter. LSV Asset Management now owns 3,071,682 shares of the technology company’s stock worth $89,662,000 after buying an additional 323,845 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in Jabil Circuit during the third quarter worth approximately $9,230,000. Finally, Koch Industries Inc. bought a new stake in Jabil Circuit during the second quarter worth approximately $306,000. Hedge funds and other institutional investors own 93.81% of the company’s stock.
Jabil Circuit Company Profile
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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