Revenue Update on Jabil Circuit(NYSE:JBL)

Jabil Circuit(NYSE:JBL) announced the earnings results for Fiscal Year 2016 and Q3. The results came in during After-hours on Jun 15, 2016. Company reported revenue of $4.31B. Analysts estimated a revenue of $4.19B. Earnings per share were $0.17. Analysts had estimated an EPS of $0.16.

In a different note, On Jun 7, 2016, Goldman Sachs said it Downgrades its rating on Jabil Circuit. In the research note, the firm Lowers the price-target to $19.00 per share. The shares have been rated ‘Sell’ by the firm. On Mar 18, 2016, Argus Research said it Downgrades its rating on Jabil Circuit. The shares have been rated ‘Hold’ by the firm.

Jabil Circuit (JBL) shares turned negative on Tuesdays trading session with the shares closing down -0.35 points or -1.83% at a volume of 55,78,470. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $19.31. The peak price level was also seen at $19.31 while the days lowest was $18.8. Finally the shares closed at $18.82. The 52-week high of the shares is $26 while the 52-week low is $16.78. According to the latest information available, the market cap of the company is $3,598 M.

Several Insider Transactions has been reported to the SEC. On Mar 4, 2016, Sergio Cadavid (SVP, Treasurer) sold 3,098 shares at $21.50 per share price.Also, 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.

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