Somewhat Favorable Press Coverage Unlikely to Affect Jabil Circuit (JBL) Share Price

News articles about Jabil Circuit (NYSE:JBL) have been trending somewhat positive recently, according to AlphaOne. The research group, a subsidiary of Accern, identifies negative and positive press coverage by analyzing more than twenty million news and blog sources in real-time. AlphaOne ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Jabil Circuit earned a media sentiment score of 0.23 on AlphaOne’s scale. AlphaOne also assigned media headlines about the technology company an impact score of 33 out of 100, meaning that recent press coverage is unlikely to have an effect on the company’s share price in the near future.

These are some of the news headlines that may have impacted AlphaOne Sentiment’s scoring:

Insider Buying and Selling by Quarter for Jabil Circuit (NYSE:JBL)

Several equities research analysts have issued reports on JBL shares. Needham & Company LLC upgraded shares of Jabil Circuit from a “hold” rating to a “buy” rating and set a $30.00 price objective for the company in a research report on Thursday, March 16th. ValuEngine upgraded shares of Jabil Circuit from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Zacks Investment Research upgraded shares of Jabil Circuit from a “hold” rating to a “buy” rating and set a $32.00 price objective for the company in a research report on Tuesday, March 21st. Stifel Nicolaus boosted their target price on shares of Jabil Circuit from $23.00 to $26.00 and gave the stock a “hold” rating in a research note on Thursday, March 16th. Finally, Royal Bank of Canada reissued a “hold” rating and issued a $27.00 price objective on shares of Jabil Circuit in a research note on Tuesday, May 2nd. Ten equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $25.67.

Jabil Circuit (JBL) traded down 3.33% during mid-day trading on Friday, hitting $28.46. 4,454,927 shares of the stock traded hands. The company’s 50 day moving average is $29.66 and its 200 day moving average is $26.53. Jabil Circuit has a 12 month low of $17.27 and a 12 month high of $31.70. The company has a market cap of $5.19 billion, a P/E ratio of 35.49 and a beta of 0.58.

Jabil Circuit (NYSE:JBL) last issued its earnings results on Wednesday, June 14th. The technology company reported $0.31 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.29 by $0.02. The firm had revenue of $4.49 billion during the quarter, compared to analyst estimates of $4.40 billion. Jabil Circuit had a net margin of 0.66% and a return on equity of 12.16%. Jabil Circuit’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.17 earnings per share. On average, analysts expect that Jabil Circuit will post $2.10 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 1st. Investors of record on Monday, May 15th were paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date of this dividend was Thursday, May 11th. Jabil Circuit’s payout ratio is 50.00%.

In other news, President William E. Peters sold 11,000 shares of the company’s stock in a transaction dated Monday, March 20th. The shares were sold at an average price of $29.00, for a total value of $319,000.00. Following the transaction, the president now directly owns 689,422 shares in the company, valued at $19,993,238. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Thomas A. Sansone sold 25,000 shares of the company’s stock in a transaction dated Tuesday, June 6th. The stock was sold at an average price of $31.25, for a total transaction of $781,250.00. Following the completion of the transaction, the director now owns 176,688 shares in the company, valued at $5,521,500. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 295,016 shares of company stock worth $8,801,536. 2.90% of the stock is owned by insiders.

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Jabil Circuit Company Profile

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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