Equities analysts expect J & J Snack Foods (NASDAQ:JJSF) to post earnings of $1.01 per share for the current quarter, according to Zacks. Three analysts have made estimates for J & J Snack Foods’ earnings. The lowest EPS estimate is $0.98 and the highest is $1.04. J & J Snack Foods reported earnings of $0.85 per share during the same quarter last year, which would indicate a positive year over year growth rate of 18.8%. The firm is expected to report its next earnings report after the market closes on Monday, April 30th.
According to Zacks, analysts expect that J & J Snack Foods will report full-year earnings of $4.96 per share for the current financial year, with EPS estimates ranging from $4.90 to $5.00. For the next year, analysts expect that the firm will post earnings of $5.37 per share, with EPS estimates ranging from $5.22 to $5.50. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that cover J & J Snack Foods.
J & J Snack Foods (NASDAQ:JJSF) last released its earnings results on Monday, January 29th. The company reported $0.78 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.80 by ($0.02). The business had revenue of $265.20 million for the quarter, compared to analyst estimates of $253.95 million. J & J Snack Foods had a return on equity of 11.79% and a net margin of 9.07%. J & J Snack Foods’s quarterly revenue was up 17.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.72 earnings per share.
A number of equities research analysts have commented on JJSF shares. CL King started coverage on shares of J & J Snack Foods in a research report on Tuesday, December 19th. They issued a “buy” rating on the stock. Jefferies Group reissued a “hold” rating and issued a $135.00 price objective on shares of J & J Snack Foods in a research report on Tuesday, January 30th. BidaskClub raised shares of J & J Snack Foods from a “sell” rating to a “hold” rating in a research report on Friday, February 9th. Zacks Investment Research raised shares of J & J Snack Foods from a “hold” rating to a “buy” rating and set a $156.00 price objective on the stock in a research report on Saturday, February 3rd. Finally, KeyCorp started coverage on shares of J & J Snack Foods in a research report on Wednesday, March 28th. They issued a “sector weight” rating on the stock. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. J & J Snack Foods presently has an average rating of “Buy” and an average target price of $145.50.
J & J Snack Foods stock traded up $3.41 during mid-day trading on Monday, reaching $142.95. 19,836 shares of the company’s stock were exchanged, compared to its average volume of 78,143. J & J Snack Foods has a twelve month low of $124.10 and a twelve month high of $157.33. The firm has a market cap of $2,606.39, a PE ratio of 33.90, a price-to-earnings-growth ratio of 2.82 and a beta of 0.59.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 4th. Shareholders of record on Thursday, March 15th were given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date was Wednesday, March 14th. J & J Snack Foods’s dividend payout ratio is presently 42.76%.
In other J & J Snack Foods news, insider Robert M. Radano sold 5,250 shares of the stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $139.34, for a total value of $731,535.00. Following the sale, the insider now directly owns 99,872 shares of the company’s stock, valued at approximately $13,916,164.48. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 21.00% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Shelton Capital Management purchased a new position in shares of J & J Snack Foods in the 4th quarter valued at $204,000. CIBC Asset Management Inc purchased a new position in shares of J & J Snack Foods in the 4th quarter valued at $207,000. Bruderman Asset Management LLC purchased a new position in shares of J & J Snack Foods in the 4th quarter valued at $216,000. Teton Advisors Inc. purchased a new position in shares of J & J Snack Foods in the 4th quarter valued at $228,000. Finally, Two Sigma Advisers LP purchased a new position in shares of J & J Snack Foods in the 4th quarter valued at $235,000. 68.91% of the stock is currently owned by hedge funds and other institutional investors.
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.
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