Jabil Circuit (JBL) announced its most recent quarterly financial results on Wednesday, Mar-15-2017. JBL said it had a profit of $0.48 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.02. Analysts had a consensus of $0.46. The company posted revenue of $4445.00 million in the period, compared to analysts expectations of $4363.92 million. JBL’s revenue was up .9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.57 EPS.
Based on several research reports , Company shares were Reiterated by UBS on Mar 16, 2017 to “Buy”, Firm has raised the Price Target to $ 30 from a previous price target of $28 .Needham Upgraded Jabil Circuit on Mar 16, 2017 to ” Buy”, Price Target of the shares are set at $30.Company shares were Reiterated by Stifel on Mar 16, 2017 to “Hold”, Firm has raised the Price Target to $ 26 from a previous price target of $23 .Company shares were Reiterated by RBC Capital Mkts on Mar 14, 2017 to “Sector Perform”, Firm has raised the Price Target to $ 27 from a previous price target of $24 .Jabil Circuit was Downgraded by Standpoint Research to ” Hold” on Mar 1, 2017.
Several company insiders have filed Insider transactions , on Mar 2, 2017, Mark T Mondello (Chief Executive Officer) sold 10,000 shares at $25.85 per share price. According to the SEC, on Mar 2, 2017, William D Jr Muir (Chief Operating Officer) sold 10,000 shares at $25.71 per share price. On Feb 22, 2017, Thomas A Sansone (director) sold 25,000 shares at $26.25 per share price, according to the Form-4 filing with the securities and exchange commission.
Jabil Circuit opened for trading at $26.75 and hit $27 on the upside on Wednesday, eventually ending the session at $26.98, with a gain of 1.05% or 0.28 points. The heightened volatility saw the trading volume jump to 27,30,724 shares. Company has a market cap of $4,917 M.
Jabil Circuit Inc. provides electronic manufacturing services and solutions. The Company provides electronic design production and product management services to companies in the aerospace automotive computing defense digital home energy healthcare industrial instrumentation lifestyles mobility mold networking packaging peripherals storage telecommunications and wearable technology industries. The Company’s operating segments include Electronics Manufacturing Services (EMS) and Diversified Manufacturing Services (DMS). The EMS segment is focused around leveraging information technology (IT) supply chain design and engineering technologies centered on core electronics. The DMS segment is focused on providing engineering solutions heavy participation in consumer markets access to higher growth markets and a focus on material sciences and technologies.