J & J Snack Foods Corp. (JJSF) Scheduled to Post Quarterly Earnings on Wednesday
J & J Snack Foods Corp. (NASDAQ:JJSF) is scheduled to be announcing its earnings results on Wednesday, November 1st. Analysts expect the company to announce earnings of $1.29 per share for the quarter.
J & J Snack Foods Corp. (NASDAQ:JJSF) last posted its quarterly earnings results on Monday, July 24th. The company reported $1.34 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.49 by ($0.15). J & J Snack Foods Corp. had a return on equity of 11.55% and a net margin of 7.33%. The company had revenue of $295.40 million for the quarter, compared to analyst estimates of $297.83 million. During the same period last year, the company earned $1.43 earnings per share. The business’s revenue for the quarter was up 6.3% compared to the same quarter last year. On average, analysts expect J & J Snack Foods Corp. to post $4.16 EPS for the current fiscal year and $4.48 EPS for the next fiscal year.
J & J Snack Foods Corp. (NASDAQ JJSF) opened at 129.93 on Wednesday. J & J Snack Foods Corp. has a 1-year low of $102.81 and a 1-year high of $143.21. The stock’s 50 day moving average is $129.62 and its 200-day moving average is $131.09. The firm has a market capitalization of $2.43 billion, a PE ratio of 32.40 and a beta of 0.75.
J & J Snack Foods Corp. announced that its Board of Directors has authorized a share repurchase plan on Friday, August 4th that authorizes the company to buyback 500,000 outstanding shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s leadership believes its shares are undervalued.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 4th. Investors of record on Thursday, September 14th were paid a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.29%. The ex-dividend date was Wednesday, September 13th. J & J Snack Foods Corp.’s dividend payout ratio is currently 41.90%.
JJSF has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded shares of J & J Snack Foods Corp. from a “sell” rating to a “hold” rating in a research note on Wednesday, October 4th. BidaskClub upgraded shares of J & J Snack Foods Corp. from a “sell” rating to a “hold” rating in a research note on Monday, July 24th.
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About J & J Snack Foods Corp.
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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