Jabil Circuit (JBL) reported quarterly earnings results on Wednesday, Jun-15-2016. The company said it had a profit of $0.17 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.02. Analysts had a consensus of $0.15. The company posted revenue of $4310.80 million in the period, compared to analysts expectations of $4180.45 million. The company’s revenue was down -1.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.49 EPS.
Many Wall Street Analysts have commented on Jabil Circuit. Shares were Downgraded by Goldman on Jun 7, 2016 to ” Sell” and Lowered the Price Target to $ 17 from a previous price target of $19 .Jabil Circuit was Downgraded by Argus to ” Hold” on Mar 18, 2016.
Jabil Circuit closed down -0.1 points or -0.54% at $18.49 with 36,13,965 shares getting traded on Tuesday. Post opening the session at $18.49, the shares hit an intraday low of $18.345 and an intraday high of $18.55 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.
In a different news, on Mar 4, 2016, Sergio Cadavid (SVP, Treasurer) sold 3,098 shares at $21.50 per share price. According to the SEC, on Dec 7, 2015, Michael J Loparco (EVP, CEO High Velocity, I&E) sold 2,500 shares at $25.95 per share price. On Dec 2, 2015, Thomas A Sansone (director) sold 25,000 shares at $25.75 per share price, according to the Form-4 filing with the securities and exchange commission.
Jabil Circuit Inc. provides electronic manufacturing services and solutions. The Company provides electronic design production and product management services to companies in the aerospace automotive computing defense digital home energy healthcare industrial instrumentation lifestyles mobility mold networking packaging peripherals storage telecommunications and wearable technology industries. The Company’s operating segments include Electronics Manufacturing Services (EMS) and Diversified Manufacturing Services (DMS). The EMS segment is focused around leveraging information technology (IT) supply chain design and engineering technologies centered on core electronics. The DMS segment is focused on providing engineering solutions heavy participation in consumer markets access to higher growth markets and a focus on material sciences and technologies.