Analysts See $0.84 EPS for Bank of New York Mellon (BK), Jabil Circuit Has 0.96 Sentiment

June 19, 2017 - By Henry Gaston

Analysts expect Bank of New York Mellon Corp (NYSE:BK) to report $0.84 EPS on July, 20.They anticipate $0.08 EPS change or 10.53% from last quarter’s $0.76 EPS. BK’s profit would be $875.36 million giving it 14.85 P/E if the $0.84 EPS is correct. After having $0.80 EPS previously, Bank of New York Mellon Corp’s analysts see 5.00% EPS growth. The stock increased 0.22% or $0.11 on June 16, reaching $49.89. About shares traded. Bank of New York Mellon Corp (NYSE:BK) has risen 13.98% since June 19, 2016 and is uptrending. It has underperformed by 2.72% the S&P500.

Jabil Inc., formerly Jabil Circuit, Inc., provides electronic manufacturing services and solutions throughout the world. The company has market cap of $5.02 billion. The Firm operates in two divisions, which include Electronics Manufacturing Services and Diversified Manufacturing Services (DMS). It has a 44.53 P/E ratio. The Company’s EMS segment is focused on leveraging information technology (IT), supply chain design and engineering, technologies centered on core electronics, sharing of its large scale manufacturing infrastructure and the ability to serve a range of markets.

Since January 1, 0001, it had 0 buys, and 51 selling transactions for $20.19 million activity.

The stock decreased 3.33% or $0.98 on June 16, reaching $28.46. About shares traded. Jabil Inc (JBL) has risen 66.26% since June 19, 2016 and is uptrending. It has outperformed by 49.56% the S&P500.

Analysts await Jabil Inc (NYSE:JBL) to report earnings on June, 21. They expect $0.22 earnings per share, up 120.00% or $0.12 from last year’s $0.1 per share. JBL’s profit will be $38.81 million for 32.34 P/E if the $0.22 EPS becomes a reality. After $0.40 actual earnings per share reported by Jabil Inc for the previous quarter, Wall Street now forecasts -45.00% negative EPS growth.

Texas Yale Capital Corp. holds 21.42% of its portfolio in Jabil Inc for 9.58 million shares. Wilsey Asset Management Inc owns 350,929 shares or 5.91% of their US portfolio. Moreover, Jasper Ridge Partners L.P. has 3.67% invested in the company for 2.23 million shares. The Illinois-based Fairpointe Capital Llc has invested 2.78% in the stock. Needham Investment Management Llc, a New York-based fund reported 452,500 shares.

Ratings analysis reveals 14% of Jabil Circuit’s analysts are positive. Out of 7 Wall Street analysts rating Jabil Circuit, 1 give it “Buy”, 0 “Sell” rating, while 6 recommend “Hold”. The lowest target is $20.0 while the high is $27.0. The stock’s average target of $24 is -15.67% below today’s ($28.46) share price. JBL was included in 7 notes of analysts from September 20, 2016. Standpoint Research downgraded Jabil Inc (NYSE:JBL) on Thursday, September 22 to “Hold” rating. The rating was maintained by Deutsche Bank with “Hold” on Thursday, September 22. The stock has “Sector Perform” rating by RBC Capital Markets on Thursday, September 22. The stock has “Mkt Perform” rating by Raymond James on Tuesday, February 28. The firm earned “Neutral” rating on Tuesday, September 20 by Goldman Sachs. As per Wednesday, September 21, the company rating was upgraded by UBS. The stock of Jabil Inc (NYSE:JBL) has “Hold” rating given on Friday, September 23 by Needham.

Among 19 analysts covering The Bank Of New York Mellon Corporation (NYSE:BK), 8 have Buy rating, 1 Sell and 10 Hold. Therefore 42% are positive. The Bank Of New York Mellon Corporation had 46 analyst reports since July 22, 2015 according to SRatingsIntel. The company was downgraded on Monday, November 21 by Buckingham Research. The firm has “Outperform” rating given on Wednesday, August 5 by Bernstein. As per Friday, September 9, the company rating was maintained by Deutsche Bank. The firm earned “Buy” rating on Friday, January 22 by UBS. The firm has “Buy” rating by Bank of America given on Thursday, September 17. Deutsche Bank upgraded Bank of New York Mellon Corp (NYSE:BK) on Wednesday, September 9 to “Buy” rating. The firm has “Hold” rating by Jefferies given on Monday, July 11. Deutsche Bank maintained Bank of New York Mellon Corp (NYSE:BK) rating on Thursday, June 16. Deutsche Bank has “Buy” rating and $48 target. The stock of Bank of New York Mellon Corp (NYSE:BK) earned “Buy” rating by Deutsche Bank on Friday, May 27. maintained Bank of New York Mellon Corp (NYSE:BK) on Monday, October 10 with “Hold” rating.

The Bank of New York Mellon Corporation is an investments company. The company has market cap of $51.99 billion. The Firm operates businesses through two divisions: Investment Management and Investment Services. It has a 15.38 P/E ratio. The Firm also has an Other segment, which includes the leasing portfolio, corporate treasury activities , derivatives and other trading, corporate and bank-owned life insurance and renewable energy investments, and business exits.

Investors sentiment increased to 0.97 in 2016 Q4. Its up 0.07, from 0.9 in 2016Q3. It is positive, as 45 investors sold Bank of New York Mellon Corp shares while 317 reduced holdings. 122 funds opened positions while 230 raised stakes. 846.88 million shares or 1.27% more from 836.26 million shares in 2016Q3 were reported. Pax World Mngmt Limited accumulated 0.97% or 361,478 shares. Campbell & Investment Adviser Ltd has 1.58% invested in Bank of New York Mellon Corp (NYSE:BK) for 10,782 shares. Amica Retiree Trust holds 6,372 shares or 0.24% of its portfolio. Mcrae Cap Mngmt holds 0.34% of its portfolio in Bank of New York Mellon Corp (NYSE:BK) for 16,435 shares. First Commonwealth Fin Pa holds 0.26% or 4,348 shares in its portfolio. Veritas Inv Mgmt Llp, a United Kingdom-based fund reported 18,280 shares. Virtus Invest Advisers accumulated 26,132 shares or 0.1% of the stock. Pennsylvania Trust accumulated 7,660 shares or 0.03% of the stock. Foster Motley Inc holds 10,589 shares. Fuller And Thaler Asset Mgmt Inc reported 6,700 shares stake. Moreover, Cibc World Markets Corp has 0.04% invested in Bank of New York Mellon Corp (NYSE:BK). Fukoku Mutual Life Insur Communication stated it has 7,770 shares or 0.06% of all its holdings. New Century has invested 0.86% in Bank of New York Mellon Corp (NYSE:BK). Sei Invs owns 826,385 shares or 0.19% of their US portfolio. Clearbridge Invests Ltd invested in 9.47M shares.

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