Zacks: Analysts Anticipate J & J Snack Foods Corp (JJSF) Will Post Earnings of $0.78 Per Share
Wall Street analysts forecast that J & J Snack Foods Corp (NASDAQ:JJSF) will announce earnings of $0.78 per share for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for J & J Snack Foods’ earnings, with the lowest EPS estimate coming in at $0.76 and the highest estimate coming in at $0.79. J & J Snack Foods reported earnings of $0.72 per share in the same quarter last year, which would suggest a positive year over year growth rate of 8.3%. The business is expected to issue its next earnings results on Monday, January 22nd.
According to Zacks, analysts expect that J & J Snack Foods will report full-year earnings of $4.45 per share for the current year, with EPS estimates ranging from $4.40 to $4.50. For the next financial year, analysts anticipate that the firm will post earnings of $4.69 per share, with EPS estimates ranging from $4.62 to $4.76. Zacks Investment Research’s EPS calculations are an average based on a survey of analysts that follow J & J Snack Foods.
J & J Snack Foods (NASDAQ:JJSF) last issued its quarterly earnings data on Thursday, November 9th. The company reported $1.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $316.73 million during the quarter, compared to analysts’ expectations of $287.91 million. During the same period last year, the company earned $1.10 earnings per share. The business’s revenue was up 20.8% on a year-over-year basis.
J & J Snack Foods (NASDAQ:JJSF) traded up $2.04 during trading on Thursday, reaching $149.73. 127,552 shares of the company traded hands, compared to its average volume of 127,233. J & J Snack Foods has a 1-year low of $121.20 and a 1-year high of $157.33. The stock has a market capitalization of $2,784.78, a PE ratio of 35.65 and a beta of 0.81.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 4th. Stockholders of record on Wednesday, December 13th will be given a $0.45 dividend. The ex-dividend date of this dividend is Tuesday, December 12th. This represents a $1.80 annualized dividend and a dividend yield of 1.20%. This is a positive change from J & J Snack Foods’s previous quarterly dividend of $0.42. J & J Snack Foods’s payout ratio is 42.86%.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Voya Investment Management LLC raised its position in shares of J & J Snack Foods by 6.7% in the second quarter. Voya Investment Management LLC now owns 7,640 shares of the company’s stock valued at $1,009,000 after purchasing an additional 479 shares during the period. Aberdeen Asset Management PLC UK raised its position in shares of J & J Snack Foods by 21.3% in the second quarter. Aberdeen Asset Management PLC UK now owns 274,425 shares of the company’s stock valued at $36,244,000 after purchasing an additional 48,273 shares during the period. Vanguard Group Inc. raised its position in shares of J & J Snack Foods by 1.5% in the second quarter. Vanguard Group Inc. now owns 1,526,892 shares of the company’s stock valued at $201,656,000 after purchasing an additional 22,527 shares during the period. Legato Capital Management LLC raised its position in shares of J & J Snack Foods by 73.0% in the third quarter. Legato Capital Management LLC now owns 5,711 shares of the company’s stock valued at $750,000 after purchasing an additional 2,409 shares during the period. Finally, New York State Common Retirement Fund raised its position in shares of J & J Snack Foods by 11.1% in the second quarter. New York State Common Retirement Fund now owns 17,946 shares of the company’s stock valued at $2,370,000 after purchasing an additional 1,799 shares during the period. 68.67% of the stock is currently owned by institutional investors.
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About J & J Snack Foods
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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