Jabil Circuit, Inc. (NYSE:JBL) has been assigned an average recommendation of “Hold” from the fourteen analysts that are covering the company. Ten research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $24.00.
Several research analysts have issued reports on the stock. Raymond James Financial, Inc. reaffirmed a “market perform” rating and issued a $26.00 target price on shares of Jabil Circuit in a report on Tuesday, February 28th. They noted that the move was a valuation call. B. Riley raised shares of Jabil Circuit from a “neutral” rating to a “buy” rating in a report on Thursday, December 15th. Standpoint Research raised shares of Jabil Circuit from a “hold” rating to a “buy” rating in a report on Monday, November 28th. Zacks Investment Research cut shares of Jabil Circuit from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 22nd. Finally, Stifel Nicolaus lifted their target price on shares of Jabil Circuit from $23.00 to $26.00 and gave the stock a “hold” rating in a report on Thursday, March 16th.
In other news, President William E. Peters sold 11,000 shares of the business’s stock in a transaction that occurred on Thursday, February 16th. The shares were sold at an average price of $26.00, for a total transaction of $286,000.00. Following the completion of the transaction, the president now directly owns 753,422 shares of the company’s stock, valued at $19,588,972. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Alessandro Parimbelli sold 1,355 shares of the business’s stock in a transaction that occurred on Friday, February 10th. The shares were sold at an average price of $25.14, for a total transaction of $34,064.70. Following the transaction, the chief executive officer now directly owns 335,703 shares of the company’s stock, valued at $8,439,573.42. The disclosure for this sale can be found here. Insiders have sold 361,615 shares of company stock valued at $9,491,703 over the last three months. 2.90% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Boston Partners raised its stake in shares of Jabil Circuit by 13.4% in the third quarter. Boston Partners now owns 12,616,993 shares of the company’s stock valued at $275,302,000 after buying an additional 1,488,126 shares during the period. BlackRock Fund Advisors raised its stake in shares of Jabil Circuit by 4.2% in the third quarter. BlackRock Fund Advisors now owns 6,943,708 shares of the company’s stock valued at $151,512,000 after buying an additional 281,669 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Jabil Circuit by 5.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,529,340 shares of the company’s stock valued at $130,883,000 after buying an additional 273,598 shares during the period. Frontier Capital Management Co. LLC raised its stake in shares of Jabil Circuit by 4.3% in the fourth quarter. Frontier Capital Management Co. LLC now owns 3,346,246 shares of the company’s stock valued at $79,206,000 after buying an additional 138,536 shares during the period. Finally, Norges Bank acquired a new stake in shares of Jabil Circuit during the fourth quarter valued at about $54,769,000. 94.69% of the stock is owned by hedge funds and other institutional investors.
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Jabil Circuit (NYSE:JBL) opened at 28.93 on Thursday. The company has a market capitalization of $5.27 billion, a P/E ratio of 26.20 and a beta of 0.86. The stock’s 50 day moving average is $25.68 and its 200-day moving average is $22.99. Jabil Circuit has a 52-week low of $16.78 and a 52-week high of $29.19.
Jabil Circuit (NYSE:JBL) last issued its earnings results on Wednesday, March 15th. The company reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.02. The business earned $4.45 billion during the quarter, compared to analysts’ expectations of $4.36 billion. Jabil Circuit had a net margin of 1.15% and a return on equity of 11.81%. The business’s revenue for the quarter was up .9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.57 earnings per share. Analysts predict that Jabil Circuit will post $2.08 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 1st. Stockholders of record on Wednesday, February 15th were issued a dividend of $0.08 per share. The ex-dividend date was Monday, February 13th. This represents a $0.32 annualized dividend and a dividend yield of 1.11%. Jabil Circuit’s payout ratio is 28.83%.
Jabil Circuit Company Profile
Jabil circuit, Inc provides electronic manufacturing services and solutions throughout the world. The Company operates in two segments, which include Electronics Manufacturing Services (EMS) and Diversified Manufacturing Services (DMS). The Company’s EMS segment is focused on leveraging information technology (IT), supply chain design and engineering, technologies centered on core electronics, sharing of its large scale manufacturing infrastructure and the ability to serve a range of markets.
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