JBL has been the subject of a number of other research reports. Goldman Sachs Group Inc. downgraded shares of Jabil Circuit from a neutral rating to a sell rating and lowered their target price for the stock from $19.00 to $17.00 in a research note on Tuesday, June 7th. Bank of America Corp. set a $24.00 target price on shares of Jabil Circuit and gave the stock a buy rating in a research note on Tuesday, September 20th. Royal Bank Of Canada lifted their target price on shares of Jabil Circuit from $20.00 to $23.00 and gave the stock a sector perform rating in a research note on Thursday, September 22nd. TheStreet raised shares of Jabil Circuit from a hold rating to a buy rating in a research note on Thursday, September 8th. Finally, UBS AG lowered their target price on shares of Jabil Circuit from $22.00 to $20.00 and set a buy rating for the company in a research note on Thursday, June 16th. Ten investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Jabil Circuit presently has a consensus rating of Hold and a consensus price target of $30.86.
Jabil Circuit (NYSE:JBL) opened at 21.92 on Thursday. The firm has a market capitalization of $4.15 billion, a P/E ratio of 16.61 and a beta of 0.87. The stock’s 50 day moving average is $21.45 and its 200-day moving average is $19.49. Jabil Circuit has a 1-year low of $16.78 and a 1-year high of $26.00.
Jabil Circuit (NYSE:JBL) last released its quarterly earnings results on Wednesday, September 21st. The company reported $0.28 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.25 by $0.03. Jabil Circuit had a net margin of 1.38% and a return on equity of 12.22%. The firm earned $4.40 billion during the quarter. During the same period in the previous year, the business posted $0.53 EPS. Jabil Circuit’s revenue was down 6.0% on a year-over-year basis. Analysts forecast that Jabil Circuit will post $2.07 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, September 1st. Investors of record on Monday, August 15th were issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 1.46%. The ex-dividend date was Thursday, August 11th. Jabil Circuit’s dividend payout ratio (DPR) is presently 24.24%.
In related news, President William E. Peters sold 20,000 shares of the business’s stock in a transaction dated Tuesday, September 20th. The shares were sold at an average price of $23.25, for a total transaction of $465,000.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Michael J. Loparco sold 2,000 shares of the business’s stock in a transaction dated Thursday, September 15th. The stock was sold at an average price of $21.90, for a total transaction of $43,800.00. Following the transaction, the chief executive officer now owns 241,092 shares in the company, valued at $5,279,914.80. The disclosure for this sale can be found here. Corporate insiders own 2.90% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. FMR LLC boosted its position in Jabil Circuit by 57.2% in the second quarter. FMR LLC now owns 16,352,044 shares of the company’s stock valued at $302,022,000 after buying an additional 5,952,664 shares during the period. Deprince Race & Zollo Inc. purchased a new position in Jabil Circuit during the second quarter valued at $48,592,000. Norges Bank purchased a new position in Jabil Circuit during the fourth quarter valued at $46,756,000. Emerald Acquisition Ltd. purchased a new position in Jabil Circuit during the second quarter valued at $23,781,000. Finally, JPMorgan Chase & Co. boosted its position in Jabil Circuit by 251.6% in the first quarter. JPMorgan Chase & Co. now owns 1,632,426 shares of the company’s stock valued at $31,457,000 after buying an additional 1,168,082 shares during the period. Institutional investors and hedge funds 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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