Wall Street analysts expect J & J Snack Foods Corp (NASDAQ:JJSF) to announce earnings of $1.36 per share for the current quarter, Zacks reports. Two analysts have issued estimates for J & J Snack Foods’ earnings, with estimates ranging from $1.33 to $1.38. J & J Snack Foods posted earnings per share of $1.29 during the same quarter last year, which would indicate a positive year-over-year growth rate of 5.4%. The business is expected to report its next earnings results on Thursday, November 8th.
On average, analysts expect that J & J Snack Foods will report full year earnings of $4.58 per share for the current fiscal year, with EPS estimates ranging from $4.55 to $4.60. For the next financial year, analysts forecast that the firm will report earnings of $4.98 per share, with EPS estimates ranging from $4.95 to $5.00. Zacks’ EPS averages are an average based on a survey of research analysts that follow J & J Snack Foods.
J & J Snack Foods (NASDAQ:JJSF) last released its quarterly earnings data on Monday, July 30th. The company reported $1.39 earnings per share for the quarter, missing the consensus estimate of $1.51 by ($0.12). J & J Snack Foods had a net margin of 9.06% and a return on equity of 11.36%. The firm had revenue of $306.20 million during the quarter, compared to analysts’ expectations of $312.55 million. During the same period in the previous year, the business earned $1.34 earnings per share. The business’s revenue for the quarter was up 3.7% on a year-over-year basis.
Several equities analysts have weighed in on the company. Zacks Investment Research raised J & J Snack Foods from a “sell” rating to a “hold” rating in a research report on Wednesday, June 27th. BidaskClub raised J & J Snack Foods from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, July 10th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $145.50.
In other J & J Snack Foods news, SVP Dennis G. Moore sold 5,250 shares of the firm’s stock in a transaction on Tuesday, August 14th. The stock was sold at an average price of $145.14, for a total transaction of $761,985.00. Following the completion of the transaction, the senior vice president now owns 80,877 shares of the company’s stock, valued at $11,738,487.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 21.00% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in JJSF. Epoch Investment Partners Inc. purchased a new position in J & J Snack Foods during the second quarter worth $30,669,000. BlackRock Inc. boosted its holdings in shares of J & J Snack Foods by 7.5% during the second quarter. BlackRock Inc. now owns 2,046,734 shares of the company’s stock worth $312,066,000 after purchasing an additional 143,652 shares during the last quarter. Loomis Sayles & Co. L P boosted its holdings in shares of J & J Snack Foods by 135.0% during the first quarter. Loomis Sayles & Co. L P now owns 90,546 shares of the company’s stock worth $12,365,000 after purchasing an additional 52,022 shares during the last quarter. WINTON GROUP Ltd boosted its holdings in shares of J & J Snack Foods by 821.9% during the second quarter. WINTON GROUP Ltd now owns 51,739 shares of the company’s stock worth $7,889,000 after purchasing an additional 46,127 shares during the last quarter. Finally, Janus Henderson Group PLC boosted its holdings in shares of J & J Snack Foods by 16.8% during the second quarter. Janus Henderson Group PLC now owns 291,753 shares of the company’s stock worth $44,484,000 after purchasing an additional 41,965 shares during the last quarter. 69.70% of the stock is owned by institutional investors.
NASDAQ JJSF traded up $0.84 during mid-day trading on Wednesday, hitting $148.37. The stock had a trading volume of 62,600 shares, compared to its average volume of 71,147. The company has a market capitalization of $2.74 billion, a P/E ratio of 35.31, a PEG ratio of 3.20 and a beta of 0.55. J & J Snack Foods has a 52-week low of $125.98 and a 52-week high of $159.05.
The business also recently declared a quarterly dividend, which will be paid on Thursday, October 4th. Shareholders of record on Friday, September 14th will be given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 1.21%. The ex-dividend date of this dividend is Thursday, September 13th. J & J Snack Foods’s payout ratio is 42.76%.
J & J Snack Foods Company Profile
J&J Snack Foods Corp. manufactures nutritional snack foods and distributes frozen beverages to the food service and retail supermarket industries. It operates through the following segment: Food Service, Retail Supermarkets, and Frozen Beverages. The Food Service segment engages soft pretzels, frozen juice treats and desserts, churros, dough enrobed handheld products and baked goods.
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