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, July 20th. Investors of record on Tuesday, August 15th will be given a dividend of $0.08 per share on Friday, September 1st. This represents a $0.32 annualized dividend and a dividend yield of 1.09%. The ex-dividend date is Friday, August 11th. View Jabil Circuit's Dividend History.

Jabil Circuit declared that its board has initiated a share repurchase plan on Friday, July 21st 2017, which permits the company to repurchase $450,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to buy up to 8.2% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's board believes its stock is undervalued.

Jabil Circuit, Inc. (NYSE:JBL) released its quarterly earnings results on Thursday, December, 15th. The company reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.05. The company had revenue of $5.10 billion for the quarter, compared to analysts' expectations of $4.93 billion. Jabil Circuit had a net margin of 0.66% and a return on equity of 12.27%. The company's revenue for the quarter was down 2.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.85 EPS. View Jabil Circuit's Earnings History.

Jabil Circuit is scheduled to release their next quarterly earnings announcement on Wednesday, September, 27th 2017. View Earnings Estimates for Jabil Circuit.

11 analysts have issued 12 month target prices 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 $29.89 in the next twelve months. 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 third quarter fiscal 2017 results wherein the bottom line missed the Zacks Consensus Estimate by a penny while the top line surpassed the same.  Jabil is witnessing robust growth and better product placements, which is further expected to improve owing to strategic acquisitions. The realignment program is also aiding the company to significantly cut back its expenses while maintaining its production capacities. Despite a financial impact of $195 million over the next two years, this initiative should place the company well on the growth trajectory. For the fourth quarter, management expects net revenue to increase 11% (at mid point) year over year and be in the range of $4.7 billion to $5.1 billion. In past one year, shares have outperformed the broader market. However, sluggishness in mobility business, customer concentration, intensifying competition remain overhangs. " (6/20/2017)
• 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)

Some companies that are related to Jabil Circuit include Advanced Semiconductor Engineering (ASX), Flextronics International (FLEX), Marvell Technology Group (MRVL), ON Semiconductor Corporation (ON), Arrow Electronics (ARW), United Microelectronics Corporation (UMC), Coherent (COHR), Semiconductor Manufacturing International Corporation (SMI), Microsemi Corporation (MSCC), Siliconware Precision Industries Company (SPIL), Cypress Semiconductor Corporation (CY), Cavium (CAVM), Monolithic Power Systems (MPWR), Integrated Device Technology (IDTI), Silicon Laboratories (SLAB), Advanced Energy Industries (AEIS), 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 many different of institutional and retail investors. Top institutional investors include FMR LLC (14.56%), BlackRock Inc. (8.54%), Vanguard Group Inc. (7.79%), Boston Partners (5.42%), Texas Yale Capital Corp. (5.34%) and State Street Corp (3.56%). 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, Robert L Paver, 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 Boston Partners, Capital Guardian Trust Co., FMR LLC, Fairpointe Capital LLC, Brandywine Global Investment Management LLC, Wells Fargo & Company MN, Victory Capital Management Inc. and Kennedy Capital Management Inc.. 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 acquired by a variety of institutional investors in the last quarter, including AJO LP, Federated Investors Inc. PA, LSV Asset Management, Koch Industries Inc., Dimensional Fund Advisors LP, Northern Trust Corp, Teachers Advisors LLC and BNP Paribas Arbitrage SA. 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 $29.44.