Jabil Circuit(NYSE:JBL) announced the earnings results for Fiscal Year 2017 and Q2. The results came in during After-Market on Mar 15, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Company reported revenue of $4.446B. Analysts estimated a revenue of $4.370B. The revenues were 1.74% above the estimates. Earnings per share were $0.48. The reported EPS was above estimates by 4.35%. Analysts had estimated an EPS of $0.46.
In a different note, On Feb 28, 2017, Raymond James said it Downgrades its rating on Jabil Circuit. The shares have been rated ‘Market Perform’ by the firm.
Jabil Circuit (JBL) made into the market gainers list on Fridays trading session with the shares advancing 1.91% or 0.54 points. Due to strong positive momentum, the stock ended at $28.8, which is also near the day’s high of $28.83. The stock began the session at $28.28 and the volume stood at 38,66,871 shares. The 52-week high of the shares is $28.83 and the 52 week low is $16.78. The company has a current market capitalization of $5,248 M and it has 18,22,30,940 shares in outstanding.
Several Insider Transactions has been reported to the SEC. On Mar 2, 2017, Mark T Mondello (Chief Executive Officer) sold 10,000 shares at $25.85 per share price.Also, On Mar 2, 2017, William D Jr Muir (Chief Operating Officer) sold 10,000 shares at $25.71 per share price.On Feb 22, 2017, Thomas A Sansone (director) sold 25,000 shares at $26.25 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.