Wall Street analysts expect that J & J Snack Foods Corp. (NASDAQ:JJSF) will announce $252.75 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for J & J Snack Foods’ earnings. The highest sales estimate is $254.00 million and the lowest is $251.50 million. J & J Snack Foods reported sales of $225.57 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 12%. The firm is scheduled to report its next quarterly earnings report on Monday, January 22nd.
On average, analysts expect that J & J Snack Foods will report full-year sales of $252.75 million for the current fiscal year, with estimates ranging from $1.11 billion to $1.13 billion. For the next financial year, analysts forecast that the business will post sales of $1.16 billion per share, with estimates ranging from $1.14 billion to $1.18 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that follow J & J Snack Foods.
J & J Snack Foods (NASDAQ:JJSF) last announced its quarterly earnings data on Thursday, November 9th. The company reported $1.29 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.25 by $0.04. J & J Snack Foods had a net margin of 7.30% and a return on equity of 11.91%. The business had revenue of $316.73 million for the quarter, compared to analyst estimates of $287.91 million. During the same period last year, the business earned $1.10 EPS. The company’s revenue was up 20.8% on a year-over-year basis.
Institutional investors and hedge funds have recently made changes to their positions in the company. Janus Henderson Group PLC raised its stake in J & J Snack Foods by 128.9% during the 2nd quarter. Janus Henderson Group PLC now owns 444,376 shares of the company’s stock worth $58,690,000 after acquiring an additional 250,275 shares in the last quarter. Macquarie Group Ltd. raised its stake in J & J Snack Foods by 11.3% during the 2nd quarter. Macquarie Group Ltd. now owns 655,937 shares of the company’s stock worth $86,630,000 after acquiring an additional 66,474 shares in the last quarter. Aberdeen Asset Management PLC UK raised its stake in J & J Snack Foods by 21.3% during the 2nd quarter. Aberdeen Asset Management PLC UK now owns 274,425 shares of the company’s stock worth $36,244,000 after acquiring an additional 48,273 shares in the last quarter. WINTON GROUP Ltd acquired a new stake in J & J Snack Foods during the 3rd quarter worth $5,883,000. Finally, Renaissance Technologies LLC raised its stake in J & J Snack Foods by 8.4% during the 2nd quarter. Renaissance Technologies LLC now owns 381,800 shares of the company’s stock worth $50,424,000 after acquiring an additional 29,700 shares in the last quarter. Institutional investors and hedge funds own 70.23% of the company’s stock.
Shares of J & J Snack Foods (NASDAQ:JJSF) opened at $150.07 on Friday. J & J Snack Foods has a fifty-two week low of $119.81 and a fifty-two week high of $152.21. The firm has a market cap of $2,800.91, a price-to-earnings ratio of 35.73 and a beta of 0.80.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 4th. Stockholders of record on Wednesday, December 13th will be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.20%. This is a positive change from J & J Snack Foods’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend is Tuesday, December 12th. J & J Snack Foods’s dividend payout ratio (DPR) is presently 40.00%.
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J & J Snack Foods 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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