Jabil Circuit, Inc. (JBL) Issues Q4 Earnings Guidance
Jabil Circuit, Inc. (NYSE:JBL) issued an update on its fourth quarter earnings guidance on Wednesday morning. The company provided EPS guidance of $0.50-0.74 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.61. The company issued revenue guidance of $4.70-5.10 billion, compared to the consensus revenue estimate of $4.79 billion.Jabil Circuit also updated its FY18 guidance to approx $2.60 EPS.
Shares of Jabil Circuit, Inc. (NYSE:JBL) traded down 0.71% on Wednesday, reaching $30.63. 4,423,342 shares of the company’s stock traded hands. The stock has a 50-day moving average of $29.65 and a 200 day moving average of $26.42. The firm has a market cap of $5.58 billion, a P/E ratio of 38.19 and a beta of 0.58. Jabil Circuit, Inc. has a 12-month low of $17.27 and a 12-month high of $31.70.
Jabil Circuit (NYSE:JBL) last issued its earnings results on Wednesday, June 14th. The technology company reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.02. Jabil Circuit had a return on equity of 11.23% and a net margin of 0.83%. The business had revenue of $4.49 billion for the quarter, compared to analyst estimates of $4.40 billion. During the same quarter last year, the company earned $0.17 EPS. The business’s quarterly revenue was up 4.1% on a year-over-year basis. On average, equities research analysts expect that Jabil Circuit, Inc. will post $2.07 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, June 1st. Stockholders of record on Monday, May 15th were given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 1.04%. The ex-dividend date was Thursday, May 11th. Jabil Circuit’s dividend payout ratio (DPR) is presently 39.51%.
JBL has been the topic of several research analyst reports. Needham & Company LLC raised Jabil Circuit from a hold rating to a buy rating and set a $30.00 target price on the stock in a research report on Thursday, March 16th. Zacks Investment Research raised Jabil Circuit from a hold rating to a buy rating and set a $32.00 target price on the stock in a research report on Tuesday, March 21st. ValuEngine raised Jabil Circuit from a hold rating to a buy rating in a research report on Friday, June 2nd. Royal Bank Of Canada reissued a hold rating and set a $27.00 target price on shares of Jabil Circuit in a research report on Tuesday, May 2nd. Finally, Stifel Nicolaus raised their target price on Jabil Circuit from $26.00 to $29.00 and gave the stock a hold rating in a research report on Friday, March 24th. Ten equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Jabil Circuit presently has an average rating of Hold and an average target price of $25.25.
In related news, President William E. Peters sold 32,000 shares of Jabil Circuit stock in a transaction that occurred on Thursday, March 16th. The stock was sold at an average price of $27.53, for a total value of $880,960.00. Following the sale, the president now directly owns 733,422 shares in the company, valued at $20,191,107.66. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Thomas A. Sansone sold 50,000 shares of Jabil Circuit stock in a transaction that occurred on Friday, June 2nd. The shares were sold at an average price of $30.50, for a total value of $1,525,000.00. Following the completion of the sale, the director now owns 176,688 shares in the company, valued at $5,388,984. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 444,870 shares of company stock worth $12,935,262. Company insiders own 2.90% of the company’s stock.
ILLEGAL ACTIVITY NOTICE: “Jabil Circuit, Inc. (JBL) Issues Q4 Earnings Guidance” was first reported by American Banking News and is the property of of American Banking News. If you are viewing this piece of content on another domain, it was illegally copied and republished in violation of United States and international copyright and trademark legislation. The correct version of this piece of content can be accessed at https://www.americanbankingnews.com/2017/06/14/jabil-circuit-inc-jbl-issues-q4-earnings-guidance.html.
About Jabil Circuit
Jabil circuit, Inc provides electronic manufacturing services and solutions throughout the world. The Company operates in two segments, which include Electronics Manufacturing Services (EMS) and Diversified Manufacturing Services (DMS). The Company’s EMS segment is focused on leveraging information technology (IT), supply chain design and engineering, technologies centered on core electronics, sharing of its large scale manufacturing infrastructure and the ability to serve a range of markets.
Receive News & Ratings for Jabil Circuit Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jabil Circuit Inc. and related companies with MarketBeat.com's FREE daily email newsletter.