Brokerages Expect Jack In The Box Inc. (NASDAQ:JACK) Will Post Earnings of $1.06 Per Share
Equities research analysts expect Jack In The Box Inc. (NASDAQ:JACK) to post earnings per share (EPS) of $1.06 for the current quarter, according to Zacks Investment Research. Six analysts have provided estimates for Jack In The Box’s earnings. The lowest EPS estimate is $1.00 and the highest is $1.11. Jack In The Box posted earnings of $1.07 per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 0.9%. The business is expected to report its next quarterly earnings results after the market closes on Wednesday, August 9th.
On average, analysts expect that Jack In The Box will report full-year earnings of $4.20 per share for the current fiscal year, with EPS estimates ranging from $4.08 to $4.30. For the next fiscal year, analysts forecast that the firm will post earnings of $5.19 per share, with EPS estimates ranging from $5.13 to $5.34. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that cover Jack In The Box.
Jack In The Box (NASDAQ:JACK) last released its earnings results on Tuesday, May 16th. The restaurant operator reported $0.98 EPS for the quarter, topping analysts’ consensus estimates of $0.91 by $0.07. The business had revenue of $369.40 million during the quarter, compared to analysts’ expectations of $369.36 million. Jack In The Box had a net margin of 8.07% and a negative return on equity of 49.06%. The company’s quarterly revenue was up 2.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.85 earnings per share.
JACK has been the subject of a number of recent research reports. BidaskClub upgraded shares of Jack In The Box from a “strong sell” rating to a “sell” rating in a report on Monday, July 31st. Jefferies Group LLC restated a “buy” rating and issued a $120.00 target price on shares of Jack In The Box in a report on Thursday, July 27th. Wells Fargo & Company reaffirmed an “outperform” rating and set a $125.00 price target on shares of Jack In The Box in a research report on Thursday, August 3rd. Telsey Advisory Group cut shares of Jack In The Box from an “outperform” rating to a “market perform” rating and reduced their price target for the company from $125.00 to $118.00 in a research report on Thursday, May 18th. Finally, Cowen and Company reaffirmed a “hold” rating and set a $100.00 price target on shares of Jack In The Box in a research report on Friday, May 12th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the stock. Jack In The Box has an average rating of “Hold” and an average target price of $117.00.
In other Jack In The Box news, EVP Phillip H. Rudolph sold 6,908 shares of the company’s stock in a transaction dated Monday, May 22nd. The shares were sold at an average price of $103.64, for a total transaction of $715,945.12. Following the completion of the sale, the executive vice president now directly owns 99,261 shares of the company’s stock, valued at $10,287,410.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 2.10% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently bought and sold shares of JACK. Teachers Advisors LLC raised its stake in Jack In The Box by 1.4% in the fourth quarter. Teachers Advisors LLC now owns 55,026 shares of the restaurant operator’s stock worth $6,143,000 after buying an additional 738 shares in the last quarter. Capstone Asset Management Co. raised its stake in Jack In The Box by 4.3% in the first quarter. Capstone Asset Management Co. now owns 4,100 shares of the restaurant operator’s stock worth $417,000 after buying an additional 170 shares in the last quarter. Legato Capital Management LLC raised its stake in Jack In The Box by 10,072.0% in the first quarter. Legato Capital Management LLC now owns 98,974 shares of the restaurant operator’s stock worth $973,000 after buying an additional 98,001 shares in the last quarter. Glen Harbor Capital Management LLC raised its stake in Jack In The Box by 1.4% in the first quarter. Glen Harbor Capital Management LLC now owns 1,152 shares of the restaurant operator’s stock worth $117,000 after buying an additional 16 shares in the last quarter. Finally, Janney Montgomery Scott LLC raised its stake in Jack In The Box by 2.6% in the first quarter. Janney Montgomery Scott LLC now owns 2,626 shares of the restaurant operator’s stock worth $267,000 after buying an additional 67 shares in the last quarter. 93.90% of the stock is owned by institutional investors.
Shares of Jack In The Box (NASDAQ JACK) opened at 95.12 on Tuesday. The company’s 50-day moving average is $98.26 and its 200 day moving average is $101.80. The stock has a market cap of $2.80 billion, a PE ratio of 23.50 and a beta of 0.57. Jack In The Box has a 52 week low of $86.51 and a 52 week high of $113.30.
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About Jack In The Box
Jack in the Box Inc operates and franchises Jack in the Box quick-service restaurants (QSRs) and Qdoba Mexican Eats (Qdoba) fast-casual restaurants. The Company operates in two segments: Jack in the Box and Qdoba restaurant operations. Qdoba is a fast-casual Mexican food brand in the United States, offering food items including burritos, tacos, salads, and quesadillas.
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