$281.15 Million in Sales Expected for J & J Snack Foods Corp. (JJSF) This Quarter
Equities research analysts forecast that J & J Snack Foods Corp. (NASDAQ:JJSF) will post $281.15 million in sales for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for J & J Snack Foods Corp.’s earnings, with estimates ranging from $279.30 million to $283.00 million. J & J Snack Foods Corp. reported sales of $262.24 million during the same quarter last year, which indicates a positive year-over-year growth rate of 7.2%. The firm is expected to report its next quarterly earnings report on Thursday, November 2nd.
According to Zacks, analysts expect that J & J Snack Foods Corp. will report full-year sales of $281.15 million for the current financial year. For the next financial year, analysts expect that the company will report sales of $1.10 billion per share, with estimates ranging from $1.08 billion to $1.12 billion. Zacks’ sales calculations are a mean average based on a survey of research firms that follow J & J Snack Foods Corp..
J & J Snack Foods Corp. (NASDAQ:JJSF) last released its quarterly earnings data on Monday, July 24th. The company reported $1.34 earnings per share for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.15). The company had revenue of $295.40 million for the quarter, compared to analyst estimates of $297.83 million. J & J Snack Foods Corp. had a net margin of 7.33% and a return on equity of 11.55%. The firm’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.43 earnings per share.
Several equities analysts have recently commented on JJSF shares. Zacks Investment Research cut shares of J & J Snack Foods Corp. from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 26th. BidaskClub upgraded shares of J & J Snack Foods Corp. from a “sell” rating to a “hold” rating in a research report on Wednesday, June 14th.
J & J Snack Foods Corp. (NASDAQ:JJSF) opened at 131.95 on Friday. J & J Snack Foods Corp. has a one year low of $102.81 and a one year high of $143.21. The firm has a market capitalization of $2.47 billion, a P/E ratio of 32.91 and a beta of 0.75. The stock has a 50 day moving average price of $128.02 and a 200 day moving average price of $131.58.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 4th. Shareholders of record on Thursday, September 14th were given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date of this dividend was Wednesday, September 13th. J & J Snack Foods Corp.’s dividend payout ratio (DPR) is 41.90%.
J & J Snack Foods Corp. announced that its Board of Directors has initiated a share buyback plan on Friday, August 4th that authorizes the company to buyback 500,000 shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its shares are undervalued.
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A number of large investors have recently added to or reduced their stakes in JJSF. Acrospire Investment Management LLC purchased a new stake in J & J Snack Foods Corp. in the second quarter worth about $130,000. Tower Research Capital LLC TRC lifted its stake in J & J Snack Foods Corp. by 158.8% in the first quarter. Tower Research Capital LLC TRC now owns 1,061 shares of the company’s stock worth $144,000 after acquiring an additional 651 shares during the period. Ameritas Investment Partners Inc. purchased a new stake in J & J Snack Foods Corp. in the first quarter worth about $176,000. Harfst & Associates Inc. purchased a new stake in J & J Snack Foods Corp. in the first quarter worth about $196,000. Finally, Riverhead Capital Management LLC lifted its stake in J & J Snack Foods Corp. by 36.4% in the second quarter. Riverhead Capital Management LLC now owns 1,500 shares of the company’s stock worth $198,000 after acquiring an additional 400 shares during the period. 67.52% of the stock is owned by institutional investors.
J & J Snack Foods Corp. Company Profile
J & J Snack Foods Corp. is a manufacturer, marketer and distributor of a range of snack foods and beverages for the food service and retail supermarket industries. The Company operates in three business segments: Food Service, Retail Supermarkets and Frozen Beverages. Its portfolio of products includes soft pretzels, frozen beverages, frozen juice treats and desserts, stuffed sandwiches, burritos, churros, fruit pies, funnel cakes, cookies and bakery goods, and other snack foods and drinks.
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