Deutsche Bank Maintains Hold Rating On JBL

Jabil Circuit Inc. (NYSE: JBL) reports earnings on Tues, March 22nd, Deutsche Bank reports.

“We expect results to be in line with Street expectations and guidance (rev of $3.85-$3.95B and EPS of $0.49-$0.53; Street and DB at $3.91B/$0.51),” Deutsche Bank writes. “Recent concerns about a push out in optical and slower defense spending are unlikely to impact JBL's Q, which ended in Feb.

“We expect growth to continue to be driven by JBL's Diversified Manufacturing Services segment, with High Velocity Systems seeing a seasonal decline. With the stock trading in line with peers, we maintain our Hold.”

Jabil Circuit closed Friday at $18.59.