Jabil Circuit Company Profile (NYSE:JBL)

Jabil Circuit trades on the New York Stock Exchange (NYSE) under the ticker symbol "JBL."

Jabil Circuit declared a quarterly dividend on Thursday, October 19th. Shareholders of record on Wednesday, November 15th will be given a dividend of $0.08 per share on Friday, December 1st. This represents a $0.32 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date is Tuesday, November 14th. View Jabil Circuit's Dividend History.

Jabil Circuit declared that its Board of Directors has authorized a share buyback plan on Friday, July 21st 2017, which authorizes the company to buyback $450,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to reacquire up to 8.2% of its shares through open market purchases. Shares buyback plans are often a sign that the company's management believes its shares are undervalued.

Jabil Circuit, Inc. (NYSE:JBL) announced its earnings results on Wednesday, September, 27th. The company reported $0.64 earnings per share for the quarter, topping analysts' consensus estimates of $0.61 by $0.03. The business had revenue of $5.02 billion for the quarter, compared to the consensus estimate of $4.86 billion. Jabil Circuit had a net margin of 0.68% and a return on equity of 14.47%. The business's revenue for the quarter was up 13.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.28 earnings per share. View Jabil Circuit's Earnings History.

Jabil Circuit is scheduled to release their next quarterly earnings announcement on Wednesday, December, 13th 2017. View Earnings Estimates for Jabil Circuit.

Jabil Circuit updated its FY18 earnings guidance on Wednesday, September, 27th. The company provided earnings per share guidance of $2.60 for the period, compared to the Thomson Reuters consensus estimate of $2.58. Jabil Circuit also updated its Q1 guidance to $0.65-0.91 EPS.

12 brokerages have issued 1-year price objectives for Jabil Circuit's shares. Their forecasts range from $22.00 to $40.00. On average, they expect Jabil Circuit's share price to reach $29.70 in the next year. View Analyst Ratings for Jabil Circuit.

Here are some recent quotes from research analysts about Jabil Circuit stock:

• 1. According to Zacks Investment Research, "Jabil reported better-than-expected fiscal fourth-quarter 2017 results wherein both the top and the bottom line surpassed the Zacks Consensus Estimate and recorded year-over-year improvement. The company’s top-line growth is benefiting from contract wins in the healthcare & packaging business. EMS segment is also a key growth driver. Moreover, the company is witnessing robust growth and better product placements, which is further expected to improve owing to strategic acquisitions. The restructuring program is also aiding the company to significantly cut back its expenses while maintaining its production capacities, thereby driving profitability. However, sluggishness in mobility business, customer concentration and intensifying competition remain overhangs." (10/2/2017)
• 2. Stifel Nicolaus analysts commented, "We hosted investor meetings this week with Jabil Circuit CFO Forbes Alexander and senior vice president Beth Walters. The meetings came just a week after Jabil reported Feb-Q results that were modestly ahead of Consensus and guided May-Q in-line, while also reiterating its $3.00 EPS target for FY19. As we noted in our earnings note last week, the path to $3 (from an estimated $2.06 in FY17) appears more achievable to us now, with multiple drivers. Although Jabil is still highly dependent on Apple (a 24% customer) and the success of its next product cycle, several other initiatives are also key to that $3 target, including cost cutting and improved mix in its core EMS business; growth opportunities in healthcare, packaging and industrial markets; and strong cash flow/capital allocation. Given the recent run in shares (up 21.5% YTD vs. up 4.8% for the S&P), investors also appear more confident in the earnings potential over the next two years. At this point, though, we believe the next big catalyst for shares won't come until Jabil comes out of the August quarter and updates thoughts on FY18. We maintain our Hold rating on JBL shares, but move our PT to $29 from $26, or just under 10x that $3 target, and would look at any market-related pullbacks as an opportunity to be more positive." (3/24/2017)
• 3. UBS AG analysts commented, "Jabil exceeded F2Q expectations with revenue $80mn above Street at $4.45bn and non-GAAP EPS of $0.48 vs the $0.46 consensus. Guidance for F3Q was in-line. The revenue upside in F2Q largely came from the healthcare and packaging businesses coming above plan. The EMS division is exceeding margin improvement goals, driven by headcount reductions in Western Europe and better capacity utilization. The key swing factor for the stock is Apple, where Jabil told us there was no change in expectations. The F4Q DMS revenue guide was important to get a sense of how the Apple business was doing, and management continues to hold firm on the $1.9bn number. We think the EMS names will re-rate higher as investors appreciate their increasing value-added." (3/16/2017)
• 4. Needham & Company LLC analysts commented, "Overall, we see JBL as being in the early stages of seeing at least moderate growth in a number of non-AAPL areas within its business. Importantly, we believe the mix optimization within EMS is near completion, and this should bring steadier, more profitable results while growth in DMS is being sourced by consumer lifestyle, healthcare and packaging (all in addition to expected Apple momentum into/through 2018). As we step back and consider that our comfort has improved in terms of JBL's direction and profit trajectory, we observe that the current P/E multiple appears to be low and seems to offer a solid opportunity to investors. Consequently, we are upgrading shares from Hold to Buy, and we establish a $30 target." (3/16/2017)
• 5. Royal Bank Of Canada analysts commented, "We think JBL will report in-line Feb-qtr results and guide May-qtr essentially inline with expectations, the focus will be on H2 iPhone ramps that we don't anticipate getting much clarity on this week. On the DMS side, iPhone 7 data points have been fairly consistent and tepid for H1:17 and we expect growth momentum to continue in healthcare/packaging though we think May-qtr guide could encompass DMS margins being '0% to modestly negative'. For EMS, we see in-line to modestly stronger trends with networking modestly soft (CSCO), Storage relatively healthy (NTAP) and Industrial/SemiCap markets trending higher. Given JBL's outsized exposure to AAPL (24% revenue but we think ~40-50% of profit), investors will remain focused on comments surrounding the H2:17 ramps (iPhone 8) and JBL's ASP trends with glass casings. Other items of interest include: 1) non-AAPL DMS performance (UnderArmour?), 2) expectations for capex & FCF, 3) EMS dynamics for remainder of FY17. We maintain SP rating but increase our PT to $27." (3/13/2017)

Jabil Circuit saw a increase in short interest in September. As of September 29th, there was short interest totalling 11,759,434 shares, an increase of 30.5% from the September 15th total of 9,011,923 shares. Based on an average daily volume of 3,794,518 shares, the days-to-cover ratio is presently 3.1 days. Currently, 6.9% of the shares of the company are sold short.

Some companies that are related to Jabil Circuit include Marvell Technology Group (MRVL), ON Semiconductor Corporation (ON), Arrow Electronics (ARW), Coherent (COHR), United Microelectronics Corporation (UMC), Semiconductor Manufacturing International Corporation (SMI), Microsemi Corporation (MSCC), Cypress Semiconductor Corporation (CY), Siliconware Precision Industries (SPIL), Cavium (CAVM), Monolithic Power Systems (MPWR), Silicon Laboratories (SLAB), Integrated Device Technology (IDTI), Advanced Energy Industries (AEIS), Cree (CREE), Vishay Intertechnology (VSH), Tower Semiconductor (TSEM) and Sanmina Corporation (SANM).

Jabil Circuit's management team includes the folowing people:

• Timothy L. Main, Chairman of the Board
• William E. Peters, President
• Mark T. Mondello, Chief Executive Officer, Director
• Thomas A. Sansone J.D., Independent Vice Chairman of the Board
• Forbes I.J. Alexander, Chief Financial Officer
• William D. Muir Jr., Chief Operating Officer, Executive Vice President
• Robert L. Katz, Executive Vice President, General Counsel, Corporate Secretary
• Steven D. Borges, Executive Vice President, Chief Executive Officer- Healthcare
• Erich Hoch, Executive Vice President, Chief Executive Officer of Jabil Packaging Solutions
• Michael J. Loparco J.D., Executive Vice President, Chief Executive Officer - High Velocity and Industrial & Energy

Jabil Circuit's stock is owned by a variety of of retail and institutional investors. Top institutional investors include Mutual of America Capital Management LLC (0.08%), Robeco Institutional Asset Management B.V. (0.08%), APG Asset Management N.V. (0.07%), PGGM Investments (0.06%), State Treasurer State of Michigan (0.04%) and Meeder Asset Management Inc. (0.03%). Company insiders that own Jabil Circuit stock include Alessandro Parimbelli, Courtney J Ryan, Erich Hoch, Forbes I J Alexander, Frank A Newman, Joseph A Mcgee, Mark T Mondello, Michael Dastoor, Michael J Loparco, Sergio Cadavid, Thomas A Sansone, William D Muir Jr and William E Peters. View Institutional Ownership Trends for Jabil Circuit.

Jabil Circuit's stock was sold by a variety of institutional investors in the last quarter, including State Treasurer State of Michigan, Oakbrook Investments LLC and Mutual of America Capital Management LLC. Company insiders that have sold Jabil Circuit stock in the last year include Alessandro Parimbelli, Courtney J Ryan, Erich Hoch, Forbes I J Alexander, Frank A Newman, Joseph A Mcgee, Mark T Mondello, Michael Dastoor, Michael J Loparco, Sergio Cadavid, Thomas A Sansone, William D Muir Jr and William E Peters. View Insider Buying and Selling for Jabil Circuit.

Jabil Circuit's stock was purchased by a variety of institutional investors in the last quarter, including APG Asset Management N.V., Robeco Institutional Asset Management B.V., Meeder Asset Management Inc. and PGGM Investments. View Insider Buying and Selling for Jabil Circuit.

Shares of Jabil Circuit can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Jabil Circuit stock can currently be purchased for approximately $27.96.