Earnings Analysis and Insight - Jabil Circuit

LONDON, September 29, 2014 /PRNewswire/ --

Investor-Edge.com has issued free earning analysis and insight on Jabil Circuit Inc. (NYSE: JBL). The company featured in the headlines on September 24, 2014 after reporting its preliminary, unaudited fourth quarter and full-year financial results for the period ended August 31, 2014. During Q4 FY14, Jabil Circuit Inc. reported GAAP net diluted loss per share of $0.13, compared with earnings of $0.61 per share in Q4 FY13. Further for FY14, the company's GAAP diluted EPS fell by $0.60 from the previous year. Our free coverage report can be accessed at:

www.investor-edge.com/register

Earnings Overview  

During Q4 FY14, Jabil Circuit's revenue declined to $4.06 billion from $4.51 billion in the preceding year. The company's GAAP operating income for Q4 FY14 stood at $46.64 million, compared with $72.56 million in Q4 FY13. The company indicated that $19.7 million in restructuring activity impacted its Q4 FY14 GAAP operating income. The company's core operating income (non-GAAP) decreased to $79.46 million in Q4 FY14, from $159.25 million in Q4 FY13. Further, the company's core earnings (non-GAAP) during the reported quarter narrowed to $10.19 million, from $95.24 million in the year ago period. The free research on JBL can be downloaded as in PDF format at:

www.Investor-Edge.com/JBLFreeReport

For full year FY14, the company reported revenue of $15.76 billion, compared with $17.25 billion in the previous year. Analysts from Bloomberg were expecting the company to report full year FY14 revenues of $15.80 billion. For FY14 ended August 31, 2014, the company's GAAP operating income decreased to $204.07 million from $452.42 million in the previous year. Jabil Circuit indicated that its GAAP operating income declined on account of $85.4 million in restructuring costs incurred during FY14. The company's GAAP net diluted EPS during the reported period fell to $1.19 from $1.79 in FY13. However, the company's full year FY14 EPS outperformed Bloomberg analysts' forecasts of $0.94 per share. Jabil Circuit's FY14 core operating income (non-GAAP) decreased to $345.37 million, from $642.09 million in FY13. Furthermore, the company's core earnings (non-GAAP) for FY14 declined to $108.12 million, from $397.85 million in the previous year.

Mark Mondello, CEO of Jabil Circuit, stated that the company saw strength from a variety of its end-markets in Q4 FY14 and the company is pleased with the momentum of the business as it heads into FY15.

Mr. Mondello further mentioned that FY14 was a challenging year, in which the company made several tough, but thoughtful, decisions and investments. The company believes that these investments will support future growth opportunities. He added that Jabil remain confident in its ability to deliver core earnings per share in the range of $1.65 to $1.95 in FY15. Sign up and read the free analyst's notes on JBL at:

www.Investor-Edge.com/JBL-29092014

In FY15, the company will be reporting its business in two segments- Electronics Manufacturing Services and Diversified Manufacturing Services. In its guidance for Q1 FY15, the company expects net revenue in the range of $4.2 billion to $4.4 billion. The company expects Diversified Manufacturing Services revenues to increase 6% Y-o-Y, while it projects a Y-o-Y decline of 5% in revenues from Electronics Manufacturing Services. Jabil expects GAAP operating income in the range of $99 million to $139 million and core operating income is expected to be between $135 million and $165 million. Further, the company anticipates GAAP net diluted EPS in the range of $0.24 to $0.40 and core diluted EPS in the range of $0.41 to $0.53.

Stock Performance  

A day after the earnings release, on September 25, 2014, shares in Jabil Circuit Inc. fell by 2.21% and ended the session at $20.39, although, on the last close, Friday, September 26, 2014, it finished at $20.60, 1.03% above its previous day's closing price. The stock vacillated between $20.24 and $20.62 during the last session. A total of 3.09 million shares were traded, which was above its three months average volume of 1.74 million shares. Over the previous three trading sessions and over the last one month, the company's shares have declined 1.29% and 3.92%, respectively. However, the stock has gained 18.12% from the beginning of 2014. Further, Jabil Circuit Inc.'s shares are trading above their 200-day moving average. The stock's 50-day moving average of $20.95 is greater than its 200-day moving average of $19.06. The stock traded at a PE ratio of 44.35 and has a Relative Strength Index (RSI) of 39.02. Visit Investor-Edge and access the latest research on JBL at:

www.Investor-Edge.com/JBLEarningsCoverage

Sneak Peek to Corporate Insider Trading  

In the last one month, Jabil Circuit Inc. has reported two transactions by two insiders. On September 02, 2014, William D. Muir, Jr, COO of Jabil Circuit, sold 10,000 shares of the company for $215,030 at a price of $21.50 per share. Further, on the same day, Timothy L. Main, Chairman of Board of Directors at Jabil Circuit, offloaded 15,000 shares of the company for $322,572 at a price of $21.50 per share. Complimentary in-depth research on JBL is available at:

www.Investor-Edge.com/JBLInsiderTrading

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