Jabil Circuits placed watery EPS of $0.53 for 4QFY15, above analysts’ assessment of $0.451 by 17.52percent, pointing out a YoY growth of 960per cent when compared to EPS of $0.05 for similar section past years. The stock presently has a consensus rating of “Hold” and an average price target of $24.54.
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In trading on Friday, shares of Jabil Circuit, Inc. The 12-month consensus target price for the stock is $25.2, which reflects an upside potential of 29.10% over the current price.
A number of research firms have issued reports on JBL.
In a research report sent to investors on Friday, 25 September, Jabil Circuit (NYSE:JBL) stock had its Sector Perform Rating reiterated by stock analysts at RBC Capital Mkts. UBS downgrades its view on Jabil Circuit, Inc. 13,862,226 shares of the company traded hands. “We exceeded almost every financial target provided at the outset of the year, culminating with core earnings per share of United States dollars 2.07 and free cash flow of approximately USD 300 million”, said Mark T. Mondello, Chief Executive Officer. Post opening the session at $19.52, the shares hit an intraday low of $19.18 and an intraday high of $19.61 and the price vacillated in this range throughout the day. Notice in the last rally to $24 from $16 that started at the beginning of 2014, the Moving Average Convergence Divergence oscillator (a trend following indicator used by many chartists) was just crossing from below the zero line. The company has a market cap of $3,700 million and there are 193,829,000 shares in outstanding. Stifel Nicolaus reissued a “buy” rating on shares of Jabil Circuit in a research report on Friday. The net result was for 22 transactions, worth $6.37M. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
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For those not familiar with Jabil’s recently revamped reporting structure, EMS is kind of the industrial heavy lifting side of the company, selling large-scale electronics manufacturing services to a wide variety of customers. The Organization operates in three segments: Diversified Production Services (NYSE:JBL), Enterprise & Infrastructure (E&I) and High Velocity Systems (HVS). The services of the Company’s comprise integrated design and engineering; component selection, procurement and sourcing; design and execution of product testing; direct order fulfillment, systems construction and configure to order, and injection molding, metal, plastics, precision machining and automation.
