Jabil Circuit (JBL) announced its most recent quarterly financial results on Wednesday, Sep-21-2016.
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UBS raised the target price of Jabil Circuit (NYSE:JBL) to $27.00 reporting a possible upside of 0.17%.
The firm has also asked investors to see the “quiet” Jabil make more noise in the earnings release this time around. TheStreet upgraded shares of Jabil Circuit from a hold rating to a buy rating in a report on Thursday, September 8th. Recently, investment analysts covering the stock have updated the mean rating to 2. The company presently has a consensus rating of “Hold” and a consensus price target of $31.42.
JBL closed Wednesday’s trading at $23.73, up $0.57 or 2.46%, on the NYSE. Three analysts surveyed by Zacks expected $4.27 billion. The firm has a 50-day moving average price of $21.17 and a 200-day moving average price of $19.46.
On 9/20/2016, shares of Jabil Circuit, Inc.
Moving toward technical analysis, the current ratio, or the liquidity ratio of a company was calculated 0.60 as compared to its debt to equity ratio stands at 0.41. The ex-dividend date was Thursday, August 11th. This represents a $0.32 dividend on an annualized basis and a yield of 1.38%. Jabil Circuit’s dividend payout ratio (DPR) is 20.38%.
In other Jabil Circuit news, CEO Michael J. Loparco sold 2,000 shares of the stock in a transaction on Thursday, September 15th. The shares were sold at an average price of $22.90, for a total transaction of $45,800.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, President William E. Peters sold 20,000 shares of the stock in a transaction on Tuesday, September 20th. The shares were sold at an average price of $23.25, for a total transaction of $465,000.00. The disclosure for this sale can be found here.
A number of large investors have recently bought and sold shares of JBL. Deprince Race & Zollo Inc. acquired a new stake in Jabil Circuit during the second quarter valued at about $48,592,000.
The company also indicated it will record about $195 million in charges over a two-year period as part of a realignment and downsizing.
The number of Jabil Circuit, Inc. shares in issue is 191,085,000 which have a current share price of 23.16 bringing Jabil Circuit, Inc.’s market capitalisation to 4.43B United States dollars.
Jabil Circuit projects 2017 first quarter revenue will be between $4.8 billion and $5 billion, while Wall Street is looking for $4.88 billion in revenue. The corporation has earnings per share (EPS) ratio of 1.57.
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The Florida company sells electronics design and production services to technology companies world-wide, with Apple Inc. contributing a chunk of revenue.
