Jabil Circuit Inc. (JBL) Plans Quarterly Dividend of $0.08
Jabil Circuit (NYSE:JBL) announced a quarterly dividend on Thursday, October 17th, ARN reports. Shareholders of record on Friday, November 15th will be paid a dividend of $0.08 per share on Monday, December 2nd. This represents a $0.32 annualized dividend and a dividend yield of 1.45%.
A number of analysts have recently weighed in on JBL shares. Analysts at Goldman Sachs Group Inc. initiated coverage on shares of Jabil Circuit in a research note to investors on Wednesday, October 2nd. They set a “neutral” rating and a $22.00 price target on the stock. On the ratings front, analysts at UBS AG raised their price target on shares of Jabil Circuit from $23.00 to $24.00 in a research note to investors on Tuesday, October 1st. They now have a “buy” rating on the stock. Finally, analysts at Raymond James cut their price target on shares of Jabil Circuit from $28.00 to $27.00 in a research note to investors on Friday, September 27th. They now have a “strong-buy” rating on the stock. Five research analysts have rated the stock with a hold rating, six have issued a buy rating and two have given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $24.92.
Shares of Jabil Circuit (NYSE:JBL) traded up 0.32% during mid-day trading on Thursday, hitting $22.06. The stock had a trading volume of 1,274,133 shares. Jabil Circuit has a 1-year low of $16.39 and a 1-year high of $24.32. The stock has a 50-day moving average of $22.73 and a 200-day moving average of $20.92. The company has a market cap of $4.477 billion and a price-to-earnings ratio of 12.28.
Jabil Circuit (NYSE:JBL) last issued its quarterly earnings data on Wednesday, September 25th. The company reported $0.56 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.54 by $0.02. The company had revenue of $4.81 billion for the quarter, compared to the consensus estimate of $4.51 billion. During the same quarter in the prior year, the company posted $0.54 earnings per share. The company’s quarterly revenue was up 11.0% on a year-over-year basis. On average, analysts predict that Jabil Circuit will post $2.40 earnings per share for the current fiscal year.
In other Jabil Circuit news, COO William Muir, Jr. sold 10,000 shares of Jabil Circuit stock in a transaction dated Friday, October 4th. The shares were sold at an average price of $22.00, for a total transaction of $220,000.00. Following the sale, the chief operating officer now directly owns 575,599 shares of the company’s stock, valued at approximately $12,663,178. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Jabil Circuit, Inc (NYSE:JBL), is a providers of worldwide electronic manufacturing services and solutions.
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