A Director at Jabil Circuit (NYSE: JBL) is Selling Shares

By Carrie Williams

Today, a Director at Jabil Circuit (NYSE: JBL), Thomas Sansone, sold shares of JBL for $457.6K.

In addition to Thomas Sansone, 12 other JBL executives reported Sell trades in the last month.

Based on Jabil Circuit’s latest earnings report for the quarter ending February 28, the company posted quarterly revenue of $4.45 billion and quarterly net profit of $20.67 million. In comparison, last year the company earned revenue of $4.4 billion and had a net profit of $78.93 million. The company has a one year high of $29.44 and a one year low of $16.78. JBL’s market cap is $5.15B and the company has a P/E ratio of 35.99.

Four different firms, including Citigroup and Macquarie, currently also have a Sell rating on the stock. Based on 6 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $29, reflecting a 0.3% upside.

The insider sentiment on Jabil Circuit has been neutral according to 97 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.

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Jabil Circuit, Inc. engages in provision of worldwide electronic manufacturing services and solutions. The company provides electronics design, production, product management and repair services to companies in the aerospace, automotive, computing, consumer, defense, industrial, instrumentation, medical, networking, peripherals, storage & telecommunications industries. It operates its business through the following business segments: Electronics Manufacturing Services and Diversified Manufacturing Services. The Diversified Manufacturing Services segment is comprised of dedicated resources to manage higher complexity global products in regulated and other industries and introduce materials and process technologies including design and aftermarket services to global customers. The Electronics Manufacturing Services segment focuses around leveraging IT, supply chain design and engineering, technologies largely centered on core electronics, sharing of its large scale manufacturing infrastructure and the ability to serve a broad range of end markets. Jabil Circuit was founded by William E. Morean and James Golden in 1966 and is headquartered in St. Petersburg, FL.