Jabil Circuit Inc. (NYSE:JBL) updated its first quarter earnings guidance on Wednesday. The company provided EPS guidance of 0.54-0.74 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.61. The company issued revenue guidance of 4800-5000, compared to the consensus revenue estimate of $4.88 billion.

A number of research firms recently weighed in on JBL. Bank of America Corp. set a $24.00 target price on shares of Jabil Circuit and gave the company a buy rating in a research report on Tuesday. Goldman Sachs Group Inc. raised shares of Jabil Circuit from a sell rating to a neutral rating and raised their target price for the company from $16.00 to $21.00 in a research report on Tuesday. Needham & Company LLC reaffirmed a buy rating and issued a $23.00 target price on shares of Jabil Circuit in a research report on Tuesday. B. Riley reaffirmed a buy rating and issued a $27.00 target price (up previously from $22.00) on shares of Jabil Circuit in a research report on Monday. Finally, Zacks Investment Research raised shares of Jabil Circuit from a sell rating to a hold rating in a research report on Tuesday, August 16th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the company. Jabil Circuit currently has a consensus rating of Hold and a consensus target price of $31.42.

Shares of Jabil Circuit Inc. (NYSE:JBL) traded up 2.46% during mid-day trading on Wednesday, reaching $23.73. 4,041,252 shares of the company’s stock traded hands. The firm has a 50-day moving average of $21.17 and a 200 day moving average of $19.46. The company has a market cap of $4.53 billion, a P/E ratio of 15.13 and a beta of 0.87. Jabil Circuit Inc. has a 12-month low of $16.78 and a 12-month high of $26.00.

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Jabil Circuit (NYSE:JBL) last released its quarterly earnings data on Wednesday, September 21st. The company reported $0.28 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.03. Jabil Circuit had a net margin of 1.63% and a return on equity of 14.04%. The firm had revenue of $4.40 billion for the quarter, compared to the consensus estimate of $4.26 billion. During the same quarter in the prior year, the company posted $0.53 earnings per share. The business’s revenue was down 6.0% on a year-over-year basis. Equities analysts forecast that Jabil Circuit Inc. will post $1.83 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 1st. Shareholders of record on Monday, August 15th were issued a dividend of $0.08 per share. The ex-dividend date of this dividend was Thursday, August 11th. This represents a $0.32 annualized dividend and a yield of 1.35%. Jabil Circuit’s payout ratio is 20.38%.

In other news, CEO Michael J. Loparco sold 2,000 shares of the company’s stock in a transaction on Thursday, September 15th. The shares were sold at an average price of $21.90, for a total value of $43,800.00. Following the completion of the sale, the chief executive officer now owns 241,092 shares in the company, valued at approximately $5,279,914.80. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, President William E. Peters sold 20,000 shares of the company’s stock in a transaction on Tuesday, September 20th. The stock was sold at an average price of $23.25, for a total transaction of $465,000.00. The disclosure for this sale can be found here. Company insiders own 2.90% of the company’s stock.

Several hedge funds have recently bought and sold shares of JBL. United Services Automobile Association raised its stake in Jabil Circuit by 2.2% in the second quarter. United Services Automobile Association now owns 29,590 shares of the company’s stock valued at $547,000 after buying an additional 630 shares during the last quarter. Ameritas Investment Partners Inc. raised its stake in Jabil Circuit by 5.8% in the second quarter. Ameritas Investment Partners Inc. now owns 30,230 shares of the company’s stock valued at $558,000 after buying an additional 1,663 shares during the last quarter. Thrivent Financial for Lutherans raised its stake in Jabil Circuit by 10.9% in the second quarter. Thrivent Financial for Lutherans now owns 26,890 shares of the company’s stock valued at $497,000 after buying an additional 2,640 shares during the last quarter. Profund Advisors LLC raised its stake in Jabil Circuit by 24.7% in the second quarter. Profund Advisors LLC now owns 38,576 shares of the company’s stock valued at $712,000 after buying an additional 7,644 shares during the last quarter. Finally, Parametric Portfolio Associates LLC raised its stake in Jabil Circuit by 1.1% in the second quarter. Parametric Portfolio Associates LLC now owns 704,852 shares of the company’s stock valued at $13,019,000 after buying an additional 7,860 shares during the last quarter. Hedge funds and other institutional investors own 89.92% of the company’s stock.

Jabil Circuit Company Profile

Jabil Circuit, Inc provides electronic manufacturing services and solutions. The Company provides electronic design, production and product management services to companies in the aerospace, automotive, computing, defense, digital home, energy, healthcare, industrial, instrumentation, lifestyles, mobility, mold, networking, packaging, peripherals, storage, telecommunications and wearable technology industries.

5 Day Chart for NYSE:JBL

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