Jabil Circuit COO Sells $200,300 in Stock (JBL)
Jabil Circuit (NYSE:JBL) COO William D. Muir, Jr. unloaded 10,000 shares of Jabil Circuit stock on the open market in a transaction dated Monday, August 11th. The stock was sold at an average price of $20.03, for a total value of $200,300.00. Following the sale, the chief operating officer now directly owns 572,461 shares of the company’s stock, valued at approximately $11,466,394. The transaction was disclosed in a legal filing with the SEC, which is available at 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 Wednesday, August 6th. They now have a $21.00 price target on the stock. Separately, analysts at Goldman Sachs downgraded shares of Jabil Circuit from a “conviction-buy” rating to a “buy” rating in a research note on Thursday, July 24th. Finally, analysts at Scotiabank upgraded shares of Jabil Circuit from a “market perform” rating to an “outperform” rating in a research note on Tuesday, July 22nd. One analyst has rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $20.58.
Shares of Jabil Circuit (NYSE:JBL) traded down 1.03% on Tuesday, hitting $20.11. The stock had a trading volume of 1,142,640 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 $20.61 and its 200-day moving average is $18.86. The company has a market cap of $4.019 billion and a price-to-earnings ratio of 10.63.
Jabil Circuit (NYSE:JBL) last posted its quarterly earnings results on Wednesday, June 18th. The company reported ($0.06) earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted $0.56 earnings per share. The company’s revenue for the quarter was down 9.8% on a year-over-year basis. On average, analysts predict that Jabil Circuit will post $0.56 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, September 2nd. Stockholders of record on Friday, August 15th will be paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 1.57%. The ex-dividend date is Wednesday, August 13th.
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.