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Jabil Circuit, Inc. (JBL) CFO Sells 3169 Shares of Stock

Jabil Circuit, Inc. (JBL) CFO Sells 3169 Shares of Stock

On Feb 17 Jabil Circuit Inc.

Many research firms have provided their ratings on Jabil Circuit Inc. Analysts mean target price for Jabil Circuit, Inc. (NYSE:JBL)'s stock to Market Perform with no specific Price Target. (NYSE:JBL) is performing 14.34%. 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. Company shares have been seen trading 3.22% off of the 52 week high and 68.37% away from the 52 week low.

The stock's 50 day moving average is 25.32 and its 200 day moving average is 22.87. (NYSE:JBL). Zurcher Kantonalbank (Zurich Cantonalbank) stated it has 0% of its portfolio in Jabil Circuit, Inc. The company reported $0.48 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.46 by $0.02. Three analysts surveyed by Zacks expected $4.36 billion. He said the results showed an effective strategy to increase both the quality and diversification of cash flow and earnings. The stock was sold at an average price of $27.00, for a total transaction of $85,563.00. If you are viewing this report on another website, it was copied illegally and republished in violation of USA & global copyright & trademark laws.

Jabil Circuit Inc. (NYSE:JBL) topped its 52-week high price of $27 on Mar 15, 2017 and 52-Week Low Price of $16.78 on May 13, 2016.

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 1st. Investors of record on Wednesday, February 15th were issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 1.19%. The ex-dividend date of this dividend was Monday, February 13th. Jabil Circuit's dividend payout ratio is now 28.83%. Also, EVP Joseph A. Mcgee sold 36,980 shares of Jabil Circuit stock in a transaction that occurred on Monday, January 23rd. They now have a United States dollars 22 price target on the stock. Meeder Asset Management Inc. now owns 40,401 shares of the company's stock valued at $882,000 after buying an additional 33,596 shares during the period. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

In other Jabil Circuit news, CEO Michael J. Loparco sold 4,000 shares of Jabil Circuit stock in a transaction that occurred on Friday, December 16th. Robeco Investment Management, the second biggest holder with 14 million shares now valued at 334.89 million whilst Vanguard Group Inc has 13 million shares valued at 306.10 million. The stock traded with the volume of 2.67 Million shares in the last trading session. (NYSE:JBL) reported Q1 earnings of $0.69, beating consensus estimates of $0.64. Virginia Retirement Systems ET AL bought a new position in shares of Jabil Circuit during the third quarter worth approximately $209,000. Bank of Montreal Can increased its stake in Jabil Circuit by 1.2% in the third quarter. Mutual of America Capital Management LLC now owns 146,260 shares of the company's stock worth $3,191,000 after buying an additional 1,011 shares during the last quarter.

12/07/2016 - Jabil Circuit, Inc. was downgraded to "neutral" by analysts at B. Riley. Total debt to equity ratio of the company for most recent quarter is 0.89 whereas long term debt to equity ratio for most recent quarter is 0.87. Post-earnings, Jabil Circuit, Inc. stock ranged between $19.03 and $20.63 after opening the day (03/17/2016) at $20.56. The Company operates in two segments, which include Electronics Manufacturing Services (EMS) and Diversified Manufacturing Services (DMS).


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