Headlines about Jabil Circuit (NYSE:JBL) have been trending somewhat positive on Saturday, Accern Sentiment Analysis reports. The research group ranks the sentiment of press coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Jabil Circuit earned a daily sentiment score of 0.10 on Accern’s scale. Accern also gave media stories about the technology company an impact score of 45.626344452735 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the media stories that may have impacted Accern’s analysis:
- Jabil Declares Quarterly Dividend (finance.yahoo.com)
- Jabil Circuit, Inc. (JBL) to Issue Quarterly Dividend of $0.08 (americanbankingnews.com)
- Jabil Circuit, Inc. (JBL) CEO Sells $76,996.40 in Stock (americanbankingnews.com)
- UBS AG Reiterates “Buy” Rating for Jabil Circuit, Inc. (JBL) (americanbankingnews.com)
- Jabil Circuit, Inc. (JBL) President William E. Peters Sells 3,580 Shares (americanbankingnews.com)
Shares of Jabil Circuit (NYSE:JBL) opened at 27.96 on Friday. The firm has a market capitalization of $5.01 billion, a price-to-earnings ratio of 43.02 and a beta of 0.59. The stock has a 50 day moving average price of $29.63 and a 200-day moving average price of $29.72. Jabil Circuit has a 52 week low of $20.32 and a 52 week high of $31.70.
Jabil Circuit (NYSE:JBL) last announced its quarterly earnings data on Wednesday, September 27th. The technology company reported $0.64 earnings per share for the quarter, topping the 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 business had revenue of $5.02 billion during the quarter, compared to the consensus estimate of $4.86 billion. During the same period in the prior year, the company earned $0.28 EPS. Jabil Circuit’s revenue for the quarter was up 13.4% on a year-over-year basis. On average, equities research analysts forecast that Jabil Circuit will post $2.58 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Wednesday, November 15th will be issued a $0.08 dividend. The ex-dividend date is Tuesday, November 14th. This represents a $0.32 dividend on an annualized basis and a yield of 1.14%. Jabil Circuit’s payout ratio is presently 46.38%.
Jabil Circuit declared that its Board of Directors has initiated a share repurchase program on Thursday, July 20th that permits the company to repurchase $450.00 million in shares. This repurchase authorization permits the technology company to reacquire up to 8.2% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.
Several research analysts recently commented on the company. Needham & Company LLC reaffirmed a “buy” rating and issued a $37.00 target price on shares of Jabil Circuit in a research report on Friday, September 1st. BidaskClub cut Jabil Circuit from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 3rd. J P Morgan Chase & Co began coverage on Jabil Circuit in a research note on Wednesday, August 2nd. They set an “overweight” rating and a $40.00 price objective for the company. ValuEngine upgraded Jabil Circuit from a “buy” rating to a “strong-buy” rating in a research note on Thursday, September 7th. Finally, Goldman Sachs Group Inc lowered Jabil Circuit from a “neutral” rating to a “sell” rating and dropped their price objective for the stock from $28.00 to $26.00 in a research note on Tuesday, October 10th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. Jabil Circuit presently has an average rating of “Hold” and a consensus price target of $30.50.
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In other news, CEO Erich Hoch sold 2,500 shares of the stock in a transaction dated Monday, October 16th. The stock was sold at an average price of $28.49, for a total value of $71,225.00. Following the completion of the sale, the chief executive officer now owns 206,943 shares of the company’s stock, valued at $5,895,806.07. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, President William E. Peters sold 3,580 shares of the stock in a transaction dated Tuesday, October 17th. The shares were sold at an average price of $28.74, for a total value of $102,889.20. The disclosure for this sale can be found here. In the last ninety days, insiders sold 99,281 shares of company stock valued at $2,991,556. Insiders own 2.90% of the company’s stock.
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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