Jabil Circuit Receives Consensus Rating of “Hold” from Brokerages (NYSE:JBL)
Jabil Circuit (NYSE:JBL) has earned a consensus recommendation of “Hold” from the eleven ratings firms that are currently covering the company, Analyst Ratings Net reports. One analyst has rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $20.58.
Jabil Circuit (NYSE:JBL) opened at 21.52 on Wednesday. Jabil Circuit has a one year low of $15.30 and a one year high of $24.32. The stock has a 50-day moving average of $20.66 and a 200-day moving average of $19.11. The company has a market cap of $4.300 billion and a P/E ratio of 11.26.
Jabil Circuit (NYSE:JBL) last posted its quarterly earnings results on Wednesday, June 18th. The company reported ($0.06) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.09) by $0.03. The company had revenue of $3.79 billion for the quarter, compared to the consensus estimate of $3.60 billion. During the same quarter last year, the company posted $0.56 earnings per share. Jabil Circuit’s revenue was down 9.8% compared to the same quarter last year. On average, analysts predict that Jabil Circuit will post $0.56 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, September 2nd. Stockholders of record on Friday, August 15th will be paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 1.49%. The ex-dividend date is Wednesday, August 13th.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Jabil Circuit in a research note on Wednesday, August 6th. They now have a $21.00 price target on the stock. Separately, analysts at Goldman Sachs downgraded shares of Jabil Circuit from a “conviction-buy” rating to a “buy” rating in a research note on Thursday, July 24th. Finally, analysts at Scotiabank upgraded shares of Jabil Circuit from a “market perform” rating to an “outperform” rating in a research note on Tuesday, July 22nd.
Jabil Circuit, Inc (NYSE:JBL) is a providers of worldwide electronic manufacturing services and solutions.
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