Jabil Circuit, Inc. Plans Quarterly Dividend of $0.08 (JBL)
Jabil Circuit (NYSE:JBL) announced a quarterly dividend on Wednesday, July 23rd, American Banking News reports. Stockholders of record on Friday, August 15th will be paid a dividend of 0.08 per share on Tuesday, September 2nd. This represents a $0.32 annualized dividend and a dividend yield of 1.52%.
A number of analysts have recently weighed in on JBL shares. Analysts at Scotiabank upgraded shares of Jabil Circuit from a “market perform” rating to an “outperform” rating in a research note on Tuesday. On a related note, 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. Finally, 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. One analyst has rated the stock with a sell rating, seven have issued a hold rating, two have issued 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 target price of $20.25.
Shares of Jabil Circuit (NYSE:JBL) traded down 0.57% during mid-day trading on Wednesday, hitting $21.00. 1,975,662 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 has a 50-day moving average of $20.32 and a 200-day moving average of $18.58. The company has a market cap of $4.196 billion and a price-to-earnings ratio of 11.05.
Jabil Circuit (NYSE:JBL) last released its earnings data 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.
Jabil Circuit, Inc (NYSE:JBL), is a providers of worldwide electronic manufacturing services and solutions.
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