Jabil Circuit (JBL) was Upgraded by Goldman to ” Neutral”. Earlier the firm had a rating of “Sell ” on the company shares. Goldman advised their investors in a research report released on Sep 20, 2016.
Many Wall Street Analysts have commented on Jabil Circuit. Company shares were Upgraded by Raymond James on Jul 15, 2016 to ” Strong Buy”, Firm has raised the Price Target to $ 26 from a previous price target of $21 .
On the company’s financial health, Jabil Circuit reported $0.17 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Jun 15, 2016. Analyst had a consensus of $0.15. The company had revenue of $4310.80 million for the quarter, compared to analysts expectations of $4180.45 million. The company’s revenue was down -1.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.49 EPS.
Jabil Circuit opened for trading at $22.38 and hit $22.58 on the upside on Friday, eventually ending the session at $22.48, with a gain of 0.22% or 0.05 points. The heightened volatility saw the trading volume jump to 2,770,963 shares. Company has a market cap of $4,296 M.
In a different news, on Sep 16, 2016, Sergio Cadavid (SVP, Treasurer) sold 734 shares at $22.00 per share price. According to the SEC, on Sep 16, 2016, Michael J Loparco (EVP, CEO, Engineered Solutions) sold 2,000 shares at $21.90 per share price. On Dec 2, 2015, Thomas A Sansone (director) sold 25,000 shares at $25.75 per share price, according to the Form-4 filing with the securities and exchange commission.
Jabil Circuit Inc. provides electronic manufacturing services and solutions. The Company provides electronic design production and product management services to companies in the aerospace automotive computing defense digital home energy healthcare industrial instrumentation lifestyles mobility mold networking packaging peripherals storage telecommunications and wearable technology industries. The Company’s operating segments include Electronics Manufacturing Services (EMS) and Diversified Manufacturing Services (DMS). The EMS segment is focused around leveraging information technology (IT) supply chain design and engineering technologies centered on core electronics. The DMS segment is focused on providing engineering solutions heavy participation in consumer markets access to higher growth markets and a focus on material sciences and technologies.