Jabil Circuit, Inc. (NYSE:JBL) announced a quarterly dividend on Thursday, July 20th, RTT News reports. Investors of record on Tuesday, August 15th will be given a dividend of 0.08 per share by the technology company on Friday, September 1st. This represents a $0.32 dividend on an annualized basis and a yield of 1.04%.
Jabil Circuit has a payout ratio of 17.4% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Jabil Circuit to earn $2.07 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 15.5%.
Shares of Jabil Circuit (NYSE JBL) opened at 30.65 on Friday. The company has a 50-day moving average price of $30.01 and a 200-day moving average price of $27.73. The stock has a market cap of $5.49 billion, a price-to-earnings ratio of 47.15 and a beta of 0.56. Jabil Circuit has a 1-year low of $19.95 and a 1-year high of $31.70.
Jabil Circuit (NYSE:JBL) last posted its quarterly earnings data on Wednesday, June 14th. The technology company reported $0.31 EPS for the quarter, beating the Zacks’ consensus estimate of $0.29 by $0.02. Jabil Circuit had a net margin of 0.66% and a return on equity of 12.27%. 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 business earned $0.17 earnings per share. The business’s revenue for the quarter was up 4.1% on a year-over-year basis. On average, equities analysts expect that Jabil Circuit will post $2.10 earnings per share for the current fiscal year.
In related news, SVP Michael Dastoor sold 2,350 shares of the firm’s stock in a transaction that occurred on Tuesday, April 25th. The shares were sold at an average price of $29.49, for a total value of $69,301.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Thomas A. Sansone sold 25,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 6th. The stock was sold at an average price of $31.25, for a total transaction of $781,250.00. Following the completion of the transaction, 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. Insiders sold a total of 290,324 shares of company stock valued at $8,726,958 in the last ninety days. Company insiders own 2.90% of the company’s stock.
JBL has been the subject of a number of research reports. ValuEngine upgraded shares of Jabil Circuit from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Stifel Nicolaus raised their target price on shares of Jabil Circuit from $26.00 to $29.00 and gave the stock a “hold” rating in a report on Friday, March 24th. BidaskClub cut shares of Jabil Circuit from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 17th. Royal Bank Of Canada raised their target price on shares of Jabil Circuit from $27.00 to $31.00 and gave the stock a “sector perform” rating in a report on Thursday, June 15th. Finally, UBS AG restated a “buy” rating and set a $35.00 target price (up from $30.00) on shares of Jabil Circuit in a report on Friday, June 16th. Eight research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. Jabil Circuit has a consensus rating of “Buy” and a consensus price target of $27.83.
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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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