The company reported fourth quarter net revenue of $4.7 billion and fiscal year net revenue of $17.9 billion.
Jabil Circuit (NYSE:JBL) rose 12% on Friday following a better than expected earnings announcement, Marketbeat reports. The company presently has an average rating of “Hold” and a consensus target price of $24.54. The rating by the firm was issued on September 9, 2015. 3 analysts have rated the company at hold. (NYSE:JBL) according to the research report released by the firm to its investors. Jabil Circuit’s stock is down -3.32% in the last 200 days. On a trailing twelve month basis, the company’s earnings per share stands at 0.87. RBC Capital upped their target price on shares of Jabil Circuit from $24.00 to $25.00 and gave the stock a “sector perform” rating in a research report on Friday. Furthermore, Jasper Ridge Partners L.P. have 3.31% of their stocks portfolio invested in the company for 2.23 million shares. In comparing the stock’s current level to its extended history, the stock is trading -23.85% away from its 52-week high of 24.95 and +12.43% away from the stock’s low point over the past 52 weeks, which was 16.90.
Returned approximately $150 million to shareholders via dividend and share repurchases.
The company’s 50-day moving average is $19.45 and its 200-day moving average is $21.81. In the near term, the target price could hit a high of $30 and a low of $ 21. Raymond James reaffirmed an “outperform” rating and set a $27.00 price objective on shares of Jabil Circuit in a research note on Monday, June 15th. The Insider selling transaction had a total value worth of $736,800. That is well ahead of consensus for $4.94 billion and 59 cents. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
It’s expecting Electronics Manufacturing Services revenue to be consistent Y/Y, but a 33% increase in Diversified Manufacturing Services. The Company operates in three segments: Diversified Manufacturing Services (DMS), Enterprise & Infrastructure (E&I) and High Velocity Systems (HVS). The Business ‘s services include engineering and integrated design; component selection, sourcing and procurement; design and execution of product testing; direct order fulfillment, systems assemblage and configure to order, and injection molding, metal, plastics, precision machining and automation. In April 2014, Jabil Circuit Inc completed the sale of its aftermarket services business to iQor Holdings, Inc.