Jabil Circuit (JBL) Releases Quarterly Earnings Results
Jabil Circuit (NYSE:JBL) posted its quarterly earnings results on Wednesday. The company reported ($0.06) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.09) by $0.03, AR Network reports. The company had revenue of $3.79 billion for the quarter, compared to the consensus estimate of $3.60 billion.
Shares of Jabil Circuit (NYSE:JBL) traded up 0.63% on Wednesday, hitting $20.095. The stock had a trading volume of 2,662,876 shares. Jabil Circuit has a one year low of $15.30 and a one year high of $24.32. The stock has a 50-day moving average of $18.46 and a 200-day moving average of $18.17. The company has a market cap of $4.085 billion and a price-to-earnings ratio of 16.14.
In other Jabil Circuit news, Director Timothy L. Main unloaded 100,000 shares of the company’s stock on the open market 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.
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 the ratings front, 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 investment 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 company presently has a consensus rating of “Hold” and an average price target of $20.00.
Jabil Circuit, Inc (NYSE:JBL), is a providers of worldwide electronic manufacturing services and solutions.
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