Economy

Jabil Inc. Setting The Table For Earnings

In terms of earnings per share, 10 analysts have a 0.29 EPS mean target for the quarter ending May-17, for the quarter ending Aug-17, 12 analysts have a 0.61 EPS mean target and for the quarter ending Aug-17 there are 14 estimates of 2.09 EPS. The company is scheduled to report its next quarterly earnings report after the market closes on Wednesday, September 27th. (NYSE:JBL) shares have recently been behaving interestingly to keep investors awake. ValuEngine raised Jabil Circuit from a "hold" rating to a "buy" rating in a report on Friday, June 2nd.

Heading into the earnings release, covering analysts have a consensus target price of $32.45 on Jabil Inc. shares. UBS AG restated a "buy" rating and issued a $35.00 price target (up from $30.00) on shares of Jabil Circuit in a research report on Friday, June 16th. Nine research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. On Thursday, May 25 the stock rating was maintained by Numis Securities with "Add". Now have a look at past performance (weekly performance to year to date performance) how Jabil Inc. The company's 3-months average volume stands at 1.42 million. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The average investment recommendation on a scale of 1 to 5 (1 being a strong buy, 3 a hold, and 5 a sell) is 2.50, which implies that analysts are generally neutral in their outlook for JBL over the next year. Following the completion of the sale, the chief executive officer now owns 1,877,619 shares of the company's stock, valued at $58,807,027.08. The shares price has directed 29.19% toward a higher level throughout previous year and swapped -6.64% toward a weak spot during past one month. The firm owned 159,618 shares of the technology company's stock after purchasing an additional 30,138 shares during the period.

Several analysts recently commented on JBL shares. Symphony Asset Management LLC bought a new position in shares of Jabil Circuit in the first quarter valued at $242,000.

In other Jabil Circuit news, CEO Mark T. Mondello sold 30,000 shares of the company's stock in a transaction on Tuesday, August 1st. Finally, First Citizens Bank & Trust Co. increased its holdings in shares of Jabil Circuit by 30.6% in the second quarter. First Citizens Bank & Trust Co. now owns 9,133 shares of the technology company's stock valued at $267,000 after buying an additional 2,141 shares in the last quarter.

Jabil Circuit, Inc. (NYSE:JBL) COO William D. Muir, Jr. sold 10,000 shares of Jabil Circuit stock in a transaction dated Monday, April 3rd. Vanguard Group Inc. now owns 13,967,548 shares of the technology company's stock valued at $407,712,000 after acquiring an additional 134,408 shares in the last quarter. Finally, LS Investment Advisors LLC boosted its stake in Jabil Circuit by 5.7% in the third quarter. IHT Wealth Management LLC now owns 359 shares of the technology company's stock worth $159,000 after acquiring an additional 211 shares during the last quarter. Hedge funds and other institutional investors own 93.05% of the company's stock.

Trexquant Investment Lp increased its stake in Texas Instrs Inc (TXN) by 56.99% based on its latest 2017Q2 regulatory filing with the SEC. "(JBL)" was reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are reading this article on another publication, it was illegally copied and reposted in violation of United States & worldwide copyright laws.

Technical Indicators of Jabil Inc. About shares traded. Jabil Inc (NYSE:JBL) has risen 66.26% since September 27, 2016 and is uptrending. The company have shares float of 165.70 million.

Jabil Circuit, Inc. has a 52-week low of $20.32 and a 52-week high of $31.70. Bb&T Ltd Limited Liability Company holds 0% of its portfolio in B&M European Value Retail SA (LON:BME) for 8,132 shares. The company has market cap of $4.99 billion.

Jabil Circuit declared that its board has authorized a share buyback program on Thursday, July 20th that permits the company to buyback $450.00 million in shares. This repurchase authorization permits the technology company to buy up to 8.2% of its stock through open market purchases. Shareholders of record on Tuesday, August 15th were issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 1.13%. Jabil Circuit's dividend payout ratio is presently 50.00%.

Jabil Inc., formerly Jabil Circuit, Inc., provides electronic manufacturing services and solutions throughout the world. The Firm operates in two divisions, which include Electronics Manufacturing Services and Diversified Manufacturing Services (DMS).



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