Equities research analysts expect that Jabil Circuit, Inc. (NYSE:JBL) will post sales of $5.50 billion for the current quarter, according to Zacks. Four analysts have provided estimates for Jabil Circuit’s earnings. The highest sales estimate is $5.51 billion and the lowest is $5.49 billion. Jabil Circuit posted sales of $5.10 billion during the same quarter last year, which suggests a positive year over year growth rate of 7.8%. The company is scheduled to report its next quarterly earnings results after the market closes on Thursday, December 14th.
According to Zacks, analysts expect that Jabil Circuit will report full-year sales of $5.50 billion for the current year, with estimates ranging from $19.78 billion to $20.50 billion. For the next year, analysts anticipate that the firm will report sales of $20.71 billion per share, with estimates ranging from $20.30 billion to $21.09 billion. Zacks’ sales calculations are a mean average based on a survey of analysts that cover Jabil Circuit.
Jabil Circuit (NYSE:JBL) last posted its quarterly earnings results on Wednesday, September 27th. The technology company reported $0.64 EPS for the quarter, topping the Zacks’ consensus estimate of $0.61 by $0.03. Jabil Circuit had a return on equity of 14.47% and a net margin of 0.68%. The firm had revenue of $5.02 billion during the quarter, compared to analyst estimates of $4.86 billion. During the same period last year, the company earned $0.28 earnings per share. The business’s revenue for the quarter was up 13.4% on a year-over-year basis.
Several research analysts have recently commented on JBL shares. UBS AG restated a “buy” rating and set a $35.00 price target on shares of Jabil Circuit in a report on Tuesday, October 17th. Goldman Sachs Group, Inc. (The) downgraded Jabil Circuit from a “neutral” rating to a “sell” rating and reduced their price target for the company from $28.00 to $26.00 in a report on Tuesday, October 10th. ValuEngine downgraded Jabil Circuit from a “strong-buy” rating to a “buy” rating in a report on Monday, October 2nd. Zacks Investment Research raised Jabil Circuit from a “hold” rating to a “strong-buy” rating and set a $34.00 price objective on the stock in a research report on Monday, October 2nd. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $30.00 price objective on shares of Jabil Circuit in a research report on Thursday, September 28th. Two analysts have rated the stock with a sell rating, eight have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. Jabil Circuit currently has an average rating of “Hold” and an average price target of $30.50.
Jabil Circuit (NYSE:JBL) traded up $0.21 during trading hours on Friday, reaching $29.77. The company had a trading volume of 1,548,688 shares, compared to its average volume of 1,878,320. The company has a quick ratio of 0.54, a current ratio of 0.96 and a debt-to-equity ratio of 0.69. Jabil Circuit has a 12 month low of $20.43 and a 12 month high of $31.70. The company has a market capitalization of $5,160.00, a price-to-earnings ratio of 15.71, a price-to-earnings-growth ratio of 1.10 and a beta of 0.53.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Wednesday, November 15th will be given a $0.08 dividend. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $0.32 annualized dividend and a yield of 1.07%. Jabil Circuit’s dividend payout ratio (DPR) is presently 46.38%.
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In other Jabil Circuit news, President William E. Peters sold 3,580 shares of the stock in a transaction on Tuesday, October 17th. The stock was sold at an average price of $28.74, for a total value of $102,889.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Mark T. Mondello sold 30,000 shares of the stock in a transaction on Friday, September 1st. The stock was sold at an average price of $31.32, for a total value of $939,600.00. Following the completion of the sale, the chief executive officer now owns 1,877,619 shares of the company’s stock, valued at approximately $58,807,027.08. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 147,680 shares of company stock valued at $4,289,446. Company insiders own 2.90% of the company’s stock.
A number of hedge funds have recently modified their holdings of the business. IHT Wealth Management LLC boosted its holdings in shares of Jabil Circuit by 142.6% during the 2nd quarter. IHT Wealth Management LLC now owns 359 shares of the technology company’s stock valued at $159,000 after purchasing an additional 211 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Jabil Circuit by 9.9% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,054 shares of the technology company’s stock valued at $177,000 after purchasing an additional 547 shares during the last quarter. Colonial Trust Advisors boosted its holdings in shares of Jabil Circuit by 4.1% during the 2nd quarter. Colonial Trust Advisors now owns 15,400 shares of the technology company’s stock valued at $450,000 after purchasing an additional 600 shares during the last quarter. Ameritas Investment Partners Inc. boosted its holdings in shares of Jabil Circuit by 1.5% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 54,550 shares of the technology company’s stock valued at $1,592,000 after purchasing an additional 831 shares during the last quarter. Finally, Pegasus Partners Ltd. boosted its holdings in shares of Jabil Circuit by 2.6% during the 2nd quarter. Pegasus Partners Ltd. now owns 33,571 shares of the technology company’s stock valued at $980,000 after purchasing an additional 852 shares during the last quarter. Institutional investors and hedge funds own 93.13% of the company’s stock.
Jabil Circuit Company Profile
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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