Jabil Circuit, Inc. (JBL) Issues Q4 Earnings Guidance
Jabil Circuit, Inc. (NYSE:JBL) issued an update on its fourth quarter earnings guidance on Wednesday morning. The company provided EPS guidance of ($0.10)-0.10 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.02, StockRatingsNetwork.com reports. The company issued revenue guidance of $3.7-3.9 billion, compared to the consensus revenue estimate of $3.79 billion.Jabil Circuit also updated its FY15 guidance to $1.65-1.95 EPS.
Jabil Circuit, Inc. (NYSE:JBL) traded up 0.65% during mid-day trading on Wednesday, hitting $20.10. The stock had a trading volume of 3,287,068 shares. Jabil Circuit, Inc. has a 1-year low of $15.30 and a 1-year high of $24.32. The stock’s 50-day moving average is $18.46 and its 200-day moving average is $18.17. The company has a market cap of $4.086 billion and a price-to-earnings ratio of 16.14.
Jabil Circuit (NYSE:JBL) last announced its earnings results on Wednesday, June 18th. The company reported ($0.06) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.09) by $0.03. The company had revenue of $3.79 billion for the quarter, compared to the consensus estimate of $3.60 billion. During the same quarter last year, the company posted $0.56 earnings per share. Jabil Circuit’s revenue was down 9.8% compared to the same quarter last year. On average, analysts predict that Jabil Circuit, Inc. will post $0.55 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on JBL shares. 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. On a related note, 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. Eight analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of Hold and an average price target of $20.00.
In other Jabil Circuit news, Director Timothy L. Main sold 100,000 shares of the company’s stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $19.00, for a total value of $1,900,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Jabil Circuit, Inc (NYSE:JBL), is a providers of worldwide electronic manufacturing services and solutions.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.