Zacks: Brokerages Expect Jack in the Box Inc. (JACK) Will Post Earnings of $1.23 Per Share

Equities research analysts expect that Jack in the Box Inc. (NASDAQ:JACK) will post earnings per share of $1.23 for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for Jack in the Box’s earnings, with the lowest EPS estimate coming in at $1.07 and the highest estimate coming in at $1.34. Jack in the Box reported earnings of $1.18 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 4.2%. The firm is scheduled to announce its next quarterly earnings results on Wednesday, February 28th.

On average, analysts expect that Jack in the Box will report full year earnings of $4.35 per share for the current financial year, with EPS estimates ranging from $4.13 to $4.50. For the next year, analysts anticipate that the firm will report earnings of $4.87 per share, with EPS estimates ranging from $4.62 to $5.11. Zacks’ EPS calculations are a mean average based on a survey of sell-side research firms that follow Jack in the Box.

Jack in the Box (NASDAQ:JACK) last issued its earnings results on Wednesday, November 29th. The restaurant operator reported $0.73 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.89 by ($0.16). The company had revenue of $338.75 million for the quarter, compared to analyst estimates of $341.34 million. Jack in the Box had a negative return on equity of 30.55% and a net margin of 8.71%. The company’s revenue for the quarter was down 15.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.03 earnings per share.

Several brokerages have recently weighed in on JACK. Goldman Sachs Group upgraded Jack in the Box from a “neutral” rating to a “buy” rating in a report on Friday. Wedbush cut Jack in the Box from an “outperform” rating to a “neutral” rating and lowered their target price for the stock from $115.00 to $104.00 in a report on Monday, November 20th. Stifel Nicolaus started coverage on shares of Jack in the Box in a research report on Monday, October 2nd. They set a “hold” rating and a $105.00 price target on the stock. BTIG Research lowered shares of Jack in the Box from a “buy” rating to a “neutral” rating in a research report on Tuesday, January 2nd. Finally, Barclays reaffirmed an “equal weight” rating and set a $101.00 price target (up previously from $100.00) on shares of Jack in the Box in a research report on Tuesday. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $111.00.

In other Jack in the Box news, insider Frances L. Allen sold 530 shares of the business’s stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $102.71, for a total value of $54,436.30. Following the sale, the insider now owns 10,979 shares of the company’s stock, valued at $1,127,653.09. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Phillip H. Rudolph sold 1,455 shares of the business’s stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of $102.22, for a total value of $148,730.10. Following the completion of the sale, the executive vice president now directly owns 92,048 shares in the company, valued at approximately $9,409,146.56. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 26,201 shares of company stock worth $2,641,365. Corporate insiders own 2.10% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Schwab Charles Investment Management Inc. raised its position in Jack in the Box by 6.5% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 226,207 shares of the restaurant operator’s stock valued at $22,194,000 after purchasing an additional 13,809 shares during the period. Jana Partners LLC purchased a new stake in Jack in the Box in the third quarter valued at approximately $134,200,000. California Public Employees Retirement System raised its position in Jack in the Box by 8.1% in the third quarter. California Public Employees Retirement System now owns 95,093 shares of the restaurant operator’s stock valued at $9,692,000 after purchasing an additional 7,093 shares during the period. Janus Henderson Group PLC raised its position in Jack in the Box by 14.2% in the third quarter. Janus Henderson Group PLC now owns 623,109 shares of the restaurant operator’s stock valued at $63,507,000 after purchasing an additional 77,557 shares during the period. Finally, Jane Street Group LLC raised its position in Jack in the Box by 124.0% in the third quarter. Jane Street Group LLC now owns 5,132 shares of the restaurant operator’s stock valued at $523,000 after purchasing an additional 26,495 shares during the period. 99.12% of the stock is currently owned by institutional investors.

Shares of Jack in the Box (JACK) traded up $0.34 during trading on Friday, hitting $93.21. The stock had a trading volume of 580,800 shares, compared to its average volume of 1,014,083. The firm has a market cap of $2,790.00, a PE ratio of 20.76, a P/E/G ratio of 1.62 and a beta of 0.52. Jack in the Box has a fifty-two week low of $90.59 and a fifty-two week high of $113.00. The company has a current ratio of 0.53, a quick ratio of 0.51 and a debt-to-equity ratio of -2.79.

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Jack in the Box Company Profile

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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Earnings History and Estimates for Jack in the Box (NASDAQ:JACK)

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