Jabil Circuit, Inc. (JBL) Given Consensus Rating of “Hold” by Analysts

Jabil Circuit, Inc. (NYSE:JBL) has been assigned an average rating of “Hold” from the fourteen ratings firms that are covering the stock. Ten investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $24.00.

A number of analysts have commented on the stock. B. Riley reaffirmed a “neutral” rating and set a $23.00 price target on shares of Jabil Circuit in a research report on Saturday, December 17th. Needham & Company LLC raised shares of Jabil Circuit from a “hold” rating to a “buy” rating and set a $30.00 price target on the stock in a research report on Thursday, March 16th. Royal Bank of Canada upped their price target on shares of Jabil Circuit from $24.00 to $27.00 and gave the company a “sector perform” rating in a research report on Monday, March 13th. Standpoint Research raised shares of Jabil Circuit from a “hold” rating to a “buy” rating in a research report on Tuesday, November 22nd. Finally, Zacks Investment Research cut shares of Jabil Circuit from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 22nd.

Jabil Circuit (NYSE:JBL) opened at 28.93 on Thursday. Jabil Circuit has a 12-month low of $16.78 and a 12-month high of $29.19. The company has a market capitalization of $5.27 billion, a PE ratio of 26.20 and a beta of 0.86. The stock has a 50 day moving average of $25.68 and a 200-day moving average of $22.99.

Jabil Circuit (NYSE:JBL) last issued its quarterly earnings results on Wednesday, March 15th. The company reported $0.48 EPS for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.02. The business had revenue of $4.45 billion for 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 quarterly revenue was up .9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.57 earnings per share. Equities analysts expect that Jabil Circuit will post $2.08 earnings per share for the current 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 of this dividend was Monday, February 13th. This represents a $0.32 annualized dividend and a dividend yield of 1.11%. Jabil Circuit’s dividend payout ratio is currently 28.83%.

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In other news, CEO Michael J. Loparco sold 2,000 shares of the company’s stock in a transaction dated Thursday, February 16th. The shares were sold at an average price of $25.90, for a total transaction of $51,800.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Alessandro Parimbelli sold 1,355 shares of the company’s stock in a transaction dated 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 owns 335,703 shares in the company, valued at approximately $8,439,573.42. The disclosure for this sale can be found here. Insiders have sold 361,615 shares of company stock worth $9,491,703 in the last quarter. Company insiders own 2.90% of the company’s stock.

Several institutional investors have recently made changes to their positions in JBL. Advantus Capital Management Inc raised its position in shares of Jabil Circuit by 0.4% in the third quarter. Advantus Capital Management Inc now owns 23,257 shares of the company’s stock valued at $507,000 after buying an additional 102 shares in the last quarter. State Treasurer State of Michigan raised its position in shares of Jabil Circuit by 0.3% in the third quarter. State Treasurer State of Michigan now owns 76,900 shares of the company’s stock valued at $1,678,000 after buying an additional 200 shares in the last quarter. First Citizens Bank & Trust Co. raised its position in shares of Jabil Circuit by 1.4% in the third quarter. First Citizens Bank & Trust Co. now owns 20,803 shares of the company’s stock valued at $454,000 after buying an additional 281 shares in the last quarter. LS Investment Advisors LLC raised its position in shares of Jabil Circuit by 5.7% in the third quarter. LS Investment Advisors LLC now owns 12,206 shares of the company’s stock valued at $266,000 after buying an additional 655 shares in the last quarter. Finally, Pacer Advisors Inc. raised its position in shares of Jabil Circuit by 5.7% in the third quarter. Pacer Advisors Inc. now owns 18,561 shares of the company’s stock valued at $405,000 after buying an additional 996 shares in the last quarter. Hedge funds and other institutional investors own 94.69% of the company’s stock.

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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