Jabil Circuit Inc. (NYSE:JBL) had its target price increased by stock analysts at Deutsche Bank AG from $18.00 to $20.00 in a report issued on Thursday. The brokerage presently has a “hold” rating on the stock. Deutsche Bank AG’s price target suggests a potential downside of 15.72% from the stock’s previous close.
Other equities analysts have also recently issued research reports about the company. B. Riley restated a “buy” rating and issued a $26.00 price target on shares of Jabil Circuit in a report on Monday, June 13th. Royal Bank Of Canada reiterated a “hold” rating on shares of Jabil Circuit in a research note on Saturday, June 18th. Citigroup Inc. increased their target price on Jabil Circuit from $17.00 to $18.00 and gave the company a “neutral” rating in a research note on Thursday. Needham & Company LLC cut Jabil Circuit from a “buy” rating to a “hold” rating in a research note on Thursday. Finally, Raymond James Financial Inc. reiterated a “buy” rating on shares of Jabil Circuit in a research note on Wednesday, July 27th. Eight investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $31.92.
Jabil Circuit (NYSE:JBL) traded down 4.699% during trading on Thursday, reaching $22.615. 2,293,513 shares of the company were exchanged. The stock has a market capitalization of $4.32 billion, a PE ratio of 14.423 and a beta of 0.87. The firm’s 50 day moving average is $21.27 and its 200 day moving average is $19.49. Jabil Circuit has a 52-week low of $16.78 and a 52-week 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 for the quarter, topping the Zacks’ consensus estimate of $0.25 by $0.03. The firm earned $4.40 billion during the quarter. Jabil Circuit had a return on equity of 14.04% and a net margin of 1.63%. The firm’s revenue was down 6.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.53 EPS. Analysts expect that Jabil Circuit will post $1.83 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Thursday, September 1st. Shareholders of record on Monday, August 15th were given a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 1.35%. The ex-dividend date of this dividend was Thursday, August 11th. Jabil Circuit’s dividend payout ratio is presently 20.38%.
In other news, CEO Michael J. Loparco sold 2,000 shares of the firm’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 transaction, the chief executive officer now directly owns 241,092 shares of the company’s stock, valued at $5,279,914.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Michael J. Loparco sold 5,000 shares of the firm’s stock in a transaction on Tuesday, July 26th. The shares were sold at an average price of $20.23, for a total value of $101,150.00. The disclosure for this sale can be found here. 2.90% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently modified their holdings of the stock. World Asset Management Inc raised its position in shares of Jabil Circuit by 1.0% in the second quarter. World Asset Management Inc now owns 11,987 shares of the company’s stock worth $221,000 after buying an additional 120 shares during the period. Northwestern Mutual Investment Management Company LLC raised its position in shares of Jabil Circuit by 0.4% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 33,007 shares of the company’s stock worth $610,000 after buying an additional 132 shares during the period. Ifrah Financial Services Inc. raised its position in shares of Jabil Circuit by 2.1% in the second quarter. Ifrah Financial Services Inc. now owns 17,279 shares of the company’s stock worth $319,000 after buying an additional 360 shares during the period. United Services Automobile Association raised its position in shares of Jabil Circuit by 2.2% in the second quarter. United Services Automobile Association now owns 29,590 shares of the company’s stock worth $547,000 after buying an additional 630 shares during the period. Finally, Eqis Capital Management Inc. raised its position in shares of Jabil Circuit by 4.6% in the second quarter. Eqis Capital Management Inc. now owns 15,195 shares of the company’s stock worth $281,000 after buying an additional 673 shares during the period. 89.92% of the stock is currently owned by institutional investors.
Jabil Circuit Company Profile
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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