Jabil Circuit Given Consensus Recommendation of “Hold” by Brokerages (NYSE:JBL)
Jabil Circuit (NYSE:JBL) has earned a consensus rating of “Hold” from the eleven brokerages that are covering the stock, Analyst Ratings.Net reports. One equities research analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and three have issued a buy recommendation on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $20.58.
A number of analysts have recently weighed in on JBL shares. 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.
Shares of Jabil Circuit (NYSE:JBL) opened at 21.58 on Wednesday. Jabil Circuit has a 52 week low of $15.30 and a 52 week high of $24.32. The stock’s 50-day moving average is $20.71 and its 200-day moving average is $19.17. The company has a market cap of $4.312 billion and a P/E ratio of 11.22. Jabil Circuit also was the target of unusually large options trading on Thursday. Stock investors acquired 2,669 call options on the stock. This represents an increase of 439% compared to the typical daily volume of 495 call options.
Jabil Circuit (NYSE:JBL) last issued its quarterly earnings data 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. Stockholders 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 1.48%. 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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