Jabil Circuit Target of Unusually High Options Trading (JBL)
Jabil Circuit (NYSE:JBL) saw some unusual options trading on Thursday. Stock traders bought 2,669 call options on the stock, StockRatingsNetwork.com reports. This represents an increase of 439% compared to the typical volume of 495 call options.
A number of research firms have recently commented on JBL. 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. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $20.58.
Jabil Circuit (NYSE:JBL) remained flat at $21.44 during trading on Thursday. The stock had a trading volume of 879,276 shares. 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 $20.67 and a 200-day moving average of $19.13. The company has a market cap of $4.284 billion and a P/E ratio of 11.22.
Jabil Circuit (NYSE:JBL) last posted its quarterly earnings results on Wednesday, June 18th. The company reported ($0.06) earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted $0.56 earnings per share. The company’s revenue for the quarter was down 9.8% on a year-over-year basis. Analysts expect that Jabil Circuit will post $0.56 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, September 2nd. Shareholders of record on Friday, August 15th will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date of this dividend is Wednesday, August 13th.
Jabil Circuit, Inc (NYSE:JBL) is a providers of worldwide electronic manufacturing services and solutions.
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