News coverage about Jabil Circuit (NYSE:JBL) has been trending somewhat positive recently, Accern Sentiment Analysis reports. Accern ranks the sentiment of news coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Jabil Circuit earned a coverage optimism score of 0.14 on Accern’s scale. Accern also assigned news headlines about the technology company an impact score of 46.1760738019474 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the news headlines that may have impacted Accern Sentiment’s rankings:
- Jabil, Inc. breached its 50 day moving average in a Bearish Manner : JBL-US : August 11, 2017 (finance.yahoo.com)
- Uptrend Call Working As Jabil Inc Stock Rises 20.4% (JBL) (mysmartrend.com)
- See what the IHS Markit Score report has to say about Jabil Inc. (finance.yahoo.com)
- Jabil and eyeSight Technologies Partner to Develop Next-Generation In-Car Sensing Technology (finance.yahoo.com)
- Jabil Inc. (NYSE:JBL) Sees Unusual Trading Volume in Its Shares – First News 24 (firstnewspaper24.com)
Several analysts have weighed in on the stock. UBS AG reissued a “buy” rating and issued a $35.00 price target (up from $30.00) on shares of Jabil Circuit in a research note on Friday, June 16th. BidaskClub downgraded shares of Jabil Circuit from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 3rd. JPMorgan Chase & Co. assumed coverage on shares of Jabil Circuit in a research note on Wednesday, August 2nd. They issued an “overweight” rating and a $40.00 price target for the company. Royal Bank Of Canada boosted their price target on shares of Jabil Circuit from $27.00 to $31.00 and gave the stock a “sector perform” rating in a research note on Thursday, June 15th. Finally, Stifel Nicolaus boosted their price target on shares of Jabil Circuit from $29.00 to $30.00 and gave the stock a “hold” rating in a research note on Thursday, June 15th. Eight equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $28.77.
Jabil Circuit (NYSE:JBL) opened at 29.22 on Friday. The company’s 50 day moving average is $30.19 and its 200 day moving average is $28.49. Jabil Circuit has a 12 month low of $20.32 and a 12 month high of $31.70. The stock has a market cap of $5.24 billion, a PE ratio of 44.95 and a beta of 0.56.
Jabil Circuit (NYSE:JBL) last issued its quarterly earnings data 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. Jabil Circuit had a net margin of 0.66% and a return on equity of 12.27%. The firm had revenue of $4.49 billion for the quarter, compared to the consensus estimate of $4.40 billion. During the same quarter in the previous year, the firm earned $0.17 EPS. The company’s quarterly revenue was up 4.1% compared to the same quarter last year. On average, analysts anticipate that Jabil Circuit will post $2.09 EPS for the current fiscal year.
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 outstanding 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 often an indication that the company’s leadership believes its shares are undervalued.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Tuesday, August 15th will be given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.10%. The ex-dividend date is Friday, August 11th. Jabil Circuit’s payout ratio is currently 50.00%.
In other news, CEO Michael J. Loparco sold 5,000 shares of Jabil Circuit stock in a transaction that occurred on Thursday, May 25th. The shares were sold at an average price of $29.90, for a total value of $149,500.00. Following the transaction, the chief executive officer now owns 244,486 shares of the company’s stock, valued at approximately $7,310,131.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO William D. Muir, Jr. sold 19,866 shares of Jabil Circuit stock in a transaction that occurred on Thursday, June 22nd. The stock was sold at an average price of $29.34, for a total transaction of $582,868.44. Following the completion of the transaction, the chief operating officer now directly owns 597,085 shares in the company, valued at approximately $17,518,473.90. The disclosure for this sale can be found here. In the last ninety days, insiders sold 305,495 shares of company stock worth $9,205,242. 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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