Jabil Circuit Inc. (NYSE:JBL) had its target price raised by Royal Bank Of Canada from $20.00 to $23.00 in a report published on Thursday morning. Royal Bank Of Canada currently has a sector perform rating on the stock.
A number of other equities analysts have also issued reports on the company. Raymond James Financial Inc. raised Jabil Circuit from an outperform rating to a strong-buy rating and upped their target price for the company from $21.00 to $26.00 in a research report on Friday, July 15th. TheStreet raised Jabil Circuit from a hold rating to a buy rating in a research report on Thursday, September 8th. Goldman Sachs Group Inc. lowered Jabil Circuit from a neutral rating to a sell rating and cut their target price for the company from $19.00 to $17.00 in a research report on Tuesday, June 7th. Bank of America Corp. set a $24.00 target price on Jabil Circuit and gave the company a buy rating in a research report on Tuesday, September 20th. Finally, Zacks Investment Research raised Jabil Circuit from a sell rating to a hold rating in a research report on Tuesday, August 16th. Ten analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus price target of $30.86.
Shares of Jabil Circuit (NYSE:JBL) opened at 21.92 on Thursday. The company’s 50 day moving average price is $21.45 and its 200 day moving average price is $19.49. Jabil Circuit has a one year low of $16.78 and a one year high of $26.00. The firm has a market capitalization of $4.15 billion, a P/E ratio of 16.61 and a beta of 0.87.
Jabil Circuit (NYSE:JBL) last released its quarterly earnings results on Wednesday, September 21st. The company reported $0.28 EPS for the quarter, topping the consensus estimate of $0.25 by $0.03. The firm had revenue of $4.40 billion for the quarter. Jabil Circuit had a return on equity of 14.04% and a net margin of 1.63%. The business’s revenue was down 6.0% on a year-over-year basis. During the same period last year, the firm posted $0.53 earnings per share. On average, analysts expect that Jabil Circuit will post $2.07 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 1st. Investors of record on Monday, August 15th were paid a dividend of $0.08 per share. The ex-dividend date was Thursday, August 11th. This represents a $0.32 dividend on an annualized basis and a yield of 1.46%. Jabil Circuit’s payout ratio is currently 24.24%.
In related news, CEO Michael J. Loparco sold 2,000 shares of the company’s stock in a transaction on Thursday, September 15th. The stock was sold at an average price of $21.90, for a total transaction of $43,800.00. Following the completion of the transaction, the chief executive officer now directly owns 241,092 shares in the company, valued at approximately $5,279,914.80. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, President William E. Peters sold 20,000 shares of the company’s stock in a transaction on Tuesday, September 20th. The stock was sold at an average price of $23.25, for a total value of $465,000.00. The disclosure for this sale can be found here. Corporate insiders own 2.90% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of the company. FMR LLC increased its position in shares of Jabil Circuit by 57.2% in the second quarter. FMR LLC now owns 16,352,044 shares of the company’s stock worth $302,022,000 after buying an additional 5,952,664 shares during the last quarter. State Street Corp increased its position in shares of Jabil Circuit by 0.4% in the first quarter. State Street Corp now owns 6,957,106 shares of the company’s stock worth $134,060,000 after buying an additional 29,792 shares during the last quarter. Fairpointe Capital LLC increased its position in shares of Jabil Circuit by 14.6% in the second quarter. Fairpointe Capital LLC now owns 6,716,504 shares of the company’s stock worth $124,054,000 after buying an additional 857,238 shares during the last quarter. BlackRock Fund Advisors increased its position in shares of Jabil Circuit by 6.4% in the second quarter. BlackRock Fund Advisors now owns 6,662,039 shares of the company’s stock worth $123,048,000 after buying an additional 399,355 shares during the last quarter. Finally, BlackRock Institutional Trust Company N.A. increased its position in shares of Jabil Circuit by 4.4% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 5,818,253 shares of the company’s stock worth $107,463,000 after buying an additional 244,250 shares during the last quarter. Hedge funds and other institutional investors own 89.92% of the company’s stock.
About Jabil Circuit
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.
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