Insider Selling: Jabil Circuit COO Sells 10,000 Shares of Stock (JBL)
Jabil Circuit (NYSE:JBL) COO William D. Muir, Jr. sold 10,000 shares of the company’s stock on the open market in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $21.50, for a total value of $215,000.00. Following the completion of the transaction, the chief operating officer now directly owns 562,461 shares in the company, valued at approximately $12,092,912. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
JBL has been the subject of a number of recent research reports. 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 given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $20.58.
Shares of Jabil Circuit (NYSE:JBL) traded up 0.67% during mid-day trading on Thursday, hitting $21.665. 444,117 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 $20.76 and a 200-day moving average of $19.23. The company has a market cap of $4.329 billion and a price-to-earnings ratio of 11.26.
Jabil Circuit (NYSE:JBL) last posted its quarterly earnings results on Wednesday, June 18th. The company reported ($0.06) EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.56 earnings per share. The company’s quarterly revenue was down 9.8% on a year-over-year basis. 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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