Jabil Circuit Inc. Plans Quarterly Dividend of $0.08 (JBL)
Jabil Circuit (NYSE:JBL) announced a quarterly dividend on Wednesday, January 22nd, Analyst Ratings Network reports. Stockholders of record on Friday, February 14th will be paid a dividend of 0.08 per share on Monday, March 3rd. This represents a $0.32 annualized dividend and a dividend yield of 1.73%.
JBL has been the subject of a number of recent research reports. Analysts at Goldman Sachs Group Inc. upgraded shares of Jabil Circuit from a “neutral” rating to a “conviction-buy” rating in a research note to investors on Tuesday, January 14th. On the ratings front, analysts at TheStreet downgraded shares of Jabil Circuit from a “buy” rating to a “hold” rating in a research note to investors on Thursday, January 2nd. Finally, analysts at Deutsche Bank reiterated a “hold” rating on shares of Jabil Circuit in a research note to investors on Friday, December 20th. They now have a $17.00 price target on the stock, down previously from $20.00. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the stock. Jabil Circuit has a consensus rating of “Hold” and an average target price of $22.33.
Shares of Jabil Circuit (NYSE:JBL) traded up 1.59% on Wednesday, hitting $18.51. The stock had a trading volume of 4,873,931 shares. Jabil Circuit has a 52-week low of $15.30 and a 52-week high of $24.32. The stock has a 50-day moving average of $17.94 and a 200-day moving average of $21.18. The company has a market cap of $3.817 billion and a P/E ratio of 9.85.
Jabil Circuit (NYSE:JBL) last released its earnings data on Tuesday, December 17th. The company reported $0.51 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.55 by $0.04. The company had revenue of $4.61 billion for the quarter, compared to the consensus estimate of $4.49 billion. During the same quarter last year, the company posted $0.61 earnings per share. Jabil Circuit’s revenue was down .6% compared to the same quarter last year. On average, analysts predict that Jabil Circuit will post $1.11 earnings per share for the current fiscal year.
Jabil Circuit, Inc (NYSE:JBL), is a providers of worldwide electronic manufacturing services and solutions.
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