Jabil Circuit, Inc. (NYSE:JBL) announced a quarterly dividend on Thursday, July 20th, RTT News reports. Shareholders of record on Tuesday, August 15th will be paid a dividend of 0.08 per share by the technology company on Friday, September 1st. This represents a $0.32 annualized dividend and a yield of 1.04%.
Jabil Circuit has a dividend payout ratio of 17.4% meaning its dividend is sufficiently covered by earnings. Research analysts expect Jabil Circuit to earn $2.58 per share next year, which means the company should continue to be able to cover its $0.32 annual dividend with an expected future payout ratio of 12.4%.
Shares of Jabil Circuit (NYSE:JBL) traded down 0.23% during mid-day trading on Thursday, reaching $30.65. 780,816 shares of the company’s stock traded hands. The firm’s 50-day moving average is $29.99 and its 200 day moving average is $27.71. Jabil Circuit has a one year low of $19.95 and a one year high of $31.70. The firm has a market cap of $5.49 billion, a price-to-earnings ratio of 47.15 and a beta of 0.56.
Jabil Circuit (NYSE:JBL) last announced its earnings results on Wednesday, June 14th. The technology company reported $0.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.29 by $0.02. The business had revenue of $4.49 billion for the quarter, compared to analyst estimates of $4.40 billion. Jabil Circuit had a net margin of 0.66% and a return on equity of 12.27%. The company’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same period last year, the firm posted $0.17 earnings per share. Analysts predict that Jabil Circuit will post $2.10 earnings per share for the current year.
A number of equities analysts have recently issued reports on JBL shares. Zacks Investment Research lowered shares of Jabil Circuit from a “buy” rating to a “hold” rating in a research report on Tuesday, May 16th. Needham & Company LLC restated a “buy” rating and set a $30.00 target price on shares of Jabil Circuit in a research report on Tuesday, June 13th. ValuEngine upgraded shares of Jabil Circuit from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Royal Bank Of Canada restated a “hold” rating and set a $27.00 target price on shares of Jabil Circuit in a research report on Tuesday, May 2nd. Finally, BidaskClub lowered shares of Jabil Circuit from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 17th. Eight investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $27.83.
In other Jabil Circuit news, CEO Mark T. Mondello sold 30,000 shares of the firm’s stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $29.57, for a total value of $887,100.00. Following the completion of the sale, the chief executive officer now owns 1,937,619 shares of the company’s stock, valued at $57,295,393.83. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Thomas A. Sansone sold 25,000 shares of the firm’s stock in a transaction on Tuesday, June 6th. The shares were sold at an average price of $31.25, for a total value of $781,250.00. Following the completion of the sale, the director now directly owns 176,688 shares of the company’s stock, valued at approximately $5,521,500. The disclosure for this sale can be found here. In the last three months, insiders sold 302,036 shares of company stock valued at $9,069,065. 2.90% of the stock is owned by corporate insiders.
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About Jabil Circuit
Jabil Inc, formerly 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.
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