Insider Selling: Jabil Circuit Director Sells 100,000 Shares of Stock (JBL)
Jabil Circuit (NYSE:JBL) Director Timothy L. Main unloaded 100,000 shares of Jabil Circuit stock on the open market in a transaction dated Thursday, June 5th. The shares were sold at an average price of $19.00, for a total value of $1,900,000.00. Following the completion of the sale, the director now directly owns 924,836 shares of the company’s stock, valued at approximately $17,571,884. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Jabil Circuit in a research note on Friday, May 23rd. They now have a $19.00 price target on the stock. Separately, analysts at RBC Capital downgraded shares of Jabil Circuit from an “outperform” rating to a “sector perform” rating in a research note on Monday, April 21st. They now have a $20.00 price target on the stock, down previously from $21.00. Finally, analysts at Citigroup Inc. raised their price target on shares of Jabil Circuit from $14.00 to $15.00 in a research note on Thursday, March 20th. Nine analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. Jabil Circuit currently has an average rating of “Hold” and an average price target of $20.00.
Shares of Jabil Circuit (NYSE:JBL) traded up 1.19% during mid-day trading on Friday, hitting $19.48. 1,168,119 shares of the company’s stock traded hands. Jabil Circuit has a 52 week low of $15.30 and a 52 week high of $24.32. The stock’s 50-day moving average is $18. and its 200-day moving average is $18.18. The company has a market cap of $3.960 billion and a P/E ratio of 15.56.
Jabil Circuit (NYSE:JBL) last issued its quarterly earnings data on Wednesday, March 19th. The company reported $0.10 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.11 by $0.01. The company had revenue of $3.60 billion for the quarter, compared to the consensus estimate of $3.61 billion. During the same quarter in the prior year, the company posted $0.45 earnings per share. The company’s quarterly revenue was down 14.1% on a year-over-year basis. On average, analysts predict that Jabil Circuit will post $0.55 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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