Jabil Circuit Inc. (JBL) on March 16, 2016 reported preliminary, unaudited financial results for its second quarter of fiscal year 2016, including second quarter net revenue of $4.4 billion reflecting a two percent revenue increase over fiscal 2015.
“I’m pleased to report second quarter results that were largely in line with our guidance and expectations,” said CEO Mark Mondello. “The performance of our EMS segment was outstanding and above expectations, while our DMS segment grew modestly as we faced a slight downturn in product demand late in our fiscal quarter specific to our mobility business,” he added.
U.S. GAAP (as defined below) operating income for the second quarter was $154.9 million and U.S. GAAP net diluted earnings per share were $0.41. Core operating income (as defined below) was $186.3 million and core diluted earnings per share (as defined below) was $0.57.
Jabil’s two reporting segments delivered the following revenue results for the company’s second fiscal quarter:
- Diversified Manufacturing Services: $1.7 billion.
- Electronics Manufacturing Services: $2.7 billion.
Jabil Circuit Inc. earnings per share showed an increasing trend of 1.9% for the current fiscal year. The company’s expected EPS growth rate for next fiscal year is 244%.Analysts project EPS growth over the next 5 years at 12%. It has EPS annual growth over the past 5 fiscal years of 14% when sales grew 5.9. It reported 2.2% sales growth, and 38.9% EPS growth in the last quarter.
The stock is trading at $19.03, up 13.97% from 52-week low of $16.78. The stock trades down -26.16% from its peak of $26 and 16.13% above the consensus price target of $22.1. Its volume clocked up at 3.17 million shares which is higher than the average volume of 2.58 million shares. Its market capitalization currently stands at $3.64B.
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