Press coverage about Jabil Circuit (NYSE:JBL) has trended somewhat positive on Saturday, according to Accern Sentiment Analysis. The research group identifies positive and negative press coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Jabil Circuit earned a news sentiment score of 0.09 on Accern’s scale. Accern also assigned media headlines about the technology company an impact score of 45.2324280571042 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the news stories that may have impacted Accern Sentiment Analysis’s scoring:
JBL has been the subject of several research analyst reports. Goldman Sachs Group, Inc. (The) lowered Jabil Circuit from a “neutral” rating to a “sell” rating and cut their price objective for the company from $28.00 to $26.00 in a report on Tuesday, October 10th. ValuEngine upgraded Jabil Circuit from a “buy” rating to a “strong-buy” rating in a report on Thursday, September 7th. BidaskClub lowered Jabil Circuit from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 3rd. UBS AG restated a “buy” rating and issued a $35.00 price objective on shares of Jabil Circuit in a report on Tuesday, October 17th. Finally, Bank of America Corporation lowered Jabil Circuit from a “buy” rating to a “neutral” rating in a report on Monday, September 25th. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. Jabil Circuit presently has a consensus rating of “Hold” and an average target price of $30.50.
Shares of Jabil Circuit (NYSE:JBL) traded up $0.29 during trading on Friday, reaching $28.61. The company had a trading volume of 2,191,600 shares, compared to its average volume of 1,869,431. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.54 and a current ratio of 0.96. Jabil Circuit has a 1 year low of $20.32 and a 1 year high of $31.70. The stock has a market cap of $5,002.53, a P/E ratio of 15.23, a P/E/G ratio of 1.06 and a beta of 0.53.
Jabil Circuit (NYSE:JBL) last issued its earnings results 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 company had revenue of $5.02 billion for the quarter, compared to analyst estimates of $4.86 billion. During the same period in the prior year, the firm posted $0.28 EPS. The business’s revenue was up 13.4% compared to the same quarter last year. research analysts forecast that Jabil Circuit will post 2.22 earnings per share for the current year.
Jabil Circuit declared that its Board of Directors has approved a share buyback plan on Thursday, July 20th that authorizes the company to buyback $450.00 million in outstanding shares. This buyback authorization authorizes the technology company to buy up to 8.2% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s board believes its stock is undervalued.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Wednesday, November 15th will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date of this dividend is Tuesday, November 14th. Jabil Circuit’s dividend payout ratio is 46.38%.
In other Jabil Circuit news, CEO Mark T. Mondello sold 30,000 shares of the firm’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $29.02, for a total value of $870,600.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, COO William D. Muir, Jr. sold 26,420 shares of the firm’s stock in a transaction that occurred on Tuesday, October 24th. The stock was sold at an average price of $28.00, for a total value of $739,760.00. Following the completion of the sale, the chief operating officer now owns 341,840 shares of the company’s stock, valued at approximately $9,571,520. The disclosure for this sale can be found here. In the last three months, insiders have sold 127,680 shares of company stock worth $3,721,246. 2.90% of the stock is currently owned by insiders.
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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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