Wall Street brokerages expect J & J Snack Foods (NASDAQ:JJSF) to post $1.51 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for J & J Snack Foods’ earnings, with estimates ranging from $1.45 to $1.56. J & J Snack Foods reported earnings per share of $1.34 in the same quarter last year, which suggests a positive year over year growth rate of 12.7%. The business is expected to report its next earnings report on Monday, July 23rd.
On average, analysts expect that J & J Snack Foods will report full year earnings of $4.76 per share for the current fiscal year, with EPS estimates ranging from $4.66 to $4.85. For the next year, analysts expect that the firm will post earnings of $5.13 per share, with EPS estimates ranging from $5.05 to $5.20. Zacks’ EPS averages are a mean average based on a survey of sell-side analysts that follow J & J Snack Foods.
Get J & J Snack Foods alerts:J & J Snack Foods (NASDAQ:JJSF) last posted its quarterly earnings results on Monday, April 30th. The company reported $1.05 earnings per share for the quarter, beating analysts’ consensus estimates of $1.00 by $0.05. J & J Snack Foods had a return on equity of 11.50% and a net margin of 9.07%. The business had revenue of $266.10 million for the quarter, compared to analysts’ expectations of $263.89 million. During the same quarter in the prior year, the business earned $0.85 EPS. The firm’s revenue for the quarter was up 7.9% on a year-over-year basis.
A number of equities research analysts recently weighed in on JJSF shares. Jefferies Group restated a “hold” rating and issued a $135.00 price target on shares of J & J Snack Foods in a research note on Tuesday, January 30th. BidaskClub upgraded J & J Snack Foods from a “sell” rating to a “hold” rating in a research note on Friday, February 9th. Zacks Investment Research cut J & J Snack Foods from a “buy” rating to a “hold” rating in a research note on Wednesday, April 4th. Finally, KeyCorp started coverage on J & J Snack Foods in a research note on Wednesday, March 28th. They issued a “sector weight” rating on the stock. One analyst has rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $145.50.
In other J & J Snack Foods news, insider Gerard Garfield Law sold 5,250 shares of the company’s stock in a transaction on Wednesday, May 23rd. The stock was sold at an average price of $137.85, for a total value of $723,712.50. Following the transaction, the insider now directly owns 25,890 shares of the company’s stock, valued at approximately $3,568,936.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 21.00% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of JJSF. Whittier Trust Co. of Nevada Inc. grew its holdings in J & J Snack Foods by 78.6% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 1,179 shares of the company’s stock valued at $161,000 after buying an additional 519 shares in the last quarter. Shelton Capital Management acquired a new position in J & J Snack Foods in the 4th quarter valued at $204,000. CIBC Asset Management Inc acquired a new position in J & J Snack Foods in the 4th quarter valued at $207,000. Bruderman Asset Management LLC acquired a new position in J & J Snack Foods in the 4th quarter valued at $216,000. Finally, Teton Advisors Inc. acquired a new position in J & J Snack Foods in the 4th quarter valued at $228,000. 67.52% of the stock is currently owned by hedge funds and other institutional investors.
JJSF traded up $0.23 during trading hours on Monday, reaching $139.07. The company’s stock had a trading volume of 75,383 shares, compared to its average volume of 73,486. J & J Snack Foods has a 52 week low of $124.10 and a 52 week high of $157.33. The stock has a market cap of $2.60 billion, a PE ratio of 33.03, a price-to-earnings-growth ratio of 2.92 and a beta of 0.60.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 5th. Investors of record on Thursday, June 14th will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date is Wednesday, June 13th. J & J Snack Foods’s dividend payout ratio (DPR) is presently 42.76%.
About J & J Snack Foods
J&J Snack Foods Corp. manufactures, markets, and distributes various nutritional snack foods and beverages to the food service and retail supermarket industries in the United States, Mexico, and Canada. The company operates through three segments: Food Service, Retail Supermarkets, and Frozen Beverages.
Get a free copy of the Zacks research report on J & J Snack Foods (JJSF)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
No comments:
Post a Comment