Published: Fri, March 17, 2017
Economy | By Melissa Porter

Earnings Review: Jabil Circuit, Inc. (NYSE:JBL)

Earnings Review: Jabil Circuit, Inc. (NYSE:JBL)

(NYSE:JBL) where Standpoint Research provided Hold rating on the stock on 1-Mar-17.

Currently, Jabil Circuit has a Zacks Rank #3 (Hold). Raymond James Financial, Inc. downgraded Jabil Circuit from a "strong-buy" rating to a "market perform" rating in a research report on Wednesday, March 1st. (NYSE:JBL). Suntrust Banks invested 0.02% in Jabil Circuit, Inc. By reviewing stock prices from the stock market history of the company and examining its analysts ratings can give an investment picture with updated information of stock which helps investors to make investing decision. (NYSE:JBL) traded up 1.05% during midday trading on Wednesday, hitting $26.98.

The company said it expects revenue in the range of $4.25 billion to $4.55 billion for the fiscal third quarter.

Many Analysts provided their foresight on Revenue Estimates of Jabil Circuit Inc. where they believe that the company has the potential to earn average revenue of $4.41 Billion for the current quarter. Narrowing in, the stock is at a distance of 3.22% from the 50 day high and 22.73% off of the 50 day low.

09/22/2016 - Jabil Circuit, Inc. was downgraded to "hold" by analysts at Needham & Company. Adjusted earnings (including share-based compensation but excluding all one-items) of 40 cents per share surpassed the Zacks Consensus Estimate of 36 cents.

Tech Data has delivered an average positive earnings surprise of 8.73% in the trailing four quarters while ADTRAN and Applied Materials have delivered positive earnings surprises of 35.82% and 3.92%, respectively over the same time frame. Its sales stood at 3.30% a year on average in the period of last five years. Jabil Circuit had 30 analyst reports since August 27, 2015 according to SRatingsIntel. Analyst's mean target price for ORCL is $43.76 while analysts mean recommendation is 2.20. If you are reading this piece on another domain, it was stolen and reposted in violation of global copyright laws. The price moves in Jabil Circuit, Inc. post earnings have produced an average decrease of -0.58% and an average decrease of -1.01% on next day and seventh day, sequentially.

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 1st. Shareholders of record on Wednesday, February 15th were issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date of this dividend was Monday, February 13th. (NASDAQ:MIK) gained 0.31% with the closing price of $22.35. Jabil Circuit presently has an average rating of "Hold" and an average target price of $32.17. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 4,000 shares were sold by Loparco Michael J, worth $97,600 on Friday, December 16. The shares were sold at an average price of $24.50, for a total value of $808,500.00.

A number of large investors have recently bought and sold shares of the stock. In the last ninety days, insiders sold 254,818 shares of company stock worth $6,346,938. Finally, Capital Fund Management S.A. increased its position in shares of Jabil Circuit by 6.3% in the third quarter.

At the moment 11 analysts are watching Jabil Circuit, Inc. Peregrine Capital Management LLC purchased a new stake in Jabil Circuit during the third quarter worth about $10,175,000.

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