Insider Selling: Jabil Circuit COO Unloads 10,000 Shares of Stock (JBL)
Jabil Circuit (NYSE:JBL) COO William D. Muir, Jr. unloaded 10,000 shares of the company’s stock on the open market in a transaction dated Tuesday, June 24th. The stock was sold at an average price of $21.00, for a total transaction of $210,000.00. Following the transaction, the chief operating officer now directly owns 582,461 shares in the company, valued at approximately $12,231,681. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Jabil Circuit (NYSE:JBL) traded up 0.10% on Tuesday, hitting $20.75. The stock had a trading volume of 3,061,557 shares. 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 $18.81 and its 200-day moving average is $18.1. The company has a market cap of $4.192 billion and a P/E ratio of 10.85.
Jabil Circuit (NYSE:JBL) last posted its quarterly 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. Analysts expect that Jabil Circuit will post $0.56 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Citigroup Inc. reiterated a “sell” rating on shares of Jabil Circuit in a research note on Thursday, June 19th. They now have a $16.50 price target on the stock, up previously from $15.00. Separately, 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. Finally, 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. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, one has given a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $20.25.
Jabil Circuit, Inc (NYSE:JBL), is a providers of worldwide electronic manufacturing services and solutions.
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