$252.75 Million in Sales Expected for J & J Snack Foods Corp (JJSF) This Quarter

Wall Street brokerages expect J & J Snack Foods Corp (NASDAQ:JJSF) to announce sales of $252.75 million for the current quarter, according to Zacks. 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 during the same quarter last year, which would suggest a positive year over year growth rate of 12%. The business is scheduled to announce its next quarterly earnings results 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 expect that the firm will post sales of $1.16 billion per share, with estimates ranging from $1.14 billion to $1.18 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for J & J Snack Foods.

J & J Snack Foods (NASDAQ:JJSF) last announced its quarterly earnings results on Thursday, November 9th. The company reported $1.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.25 by $0.04. The business had revenue of $316.73 million for the quarter, compared to the consensus estimate of $287.91 million. J & J Snack Foods had a return on equity of 11.91% and a net margin of 7.30%. The business’s revenue was up 20.8% on a year-over-year basis. During the same quarter last year, the business posted $1.10 EPS.

Several analysts have weighed in on the company. Zacks Investment Research raised J & J Snack Foods from a “sell” rating to a “hold” rating in a research note on Wednesday, January 17th. BidaskClub downgraded J & J Snack Foods from a “buy” rating to a “hold” rating in a research note on Wednesday, January 10th. CL King assumed coverage on J & J Snack Foods in a research note on Tuesday, December 19th. They set a “buy” rating on the stock. Finally, Jefferies Group set a $130.00 target price on J & J Snack Foods and gave the company a “hold” rating in a research note on Thursday, November 16th.

Several hedge funds have recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of J & J Snack Foods by 1.5% during the 2nd 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. Macquarie Group Ltd. increased its position in shares of J & J Snack Foods by 9.0% during the 3rd quarter. Macquarie Group Ltd. now owns 714,802 shares of the company’s stock valued at $93,854,000 after purchasing an additional 58,865 shares during the period. Westwood Holdings Group Inc. increased its position in shares of J & J Snack Foods by 2.6% during the 2nd quarter. Westwood Holdings Group Inc. now owns 480,929 shares of the company’s stock valued at $63,463,000 after purchasing an additional 12,394 shares during the period. Janus Henderson Group PLC increased its position in shares of 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 valued at $58,690,000 after purchasing an additional 250,275 shares during the period. Finally, State Street Corp increased its position in shares of J & J Snack Foods by 4.7% during the 2nd quarter. State Street Corp now owns 382,415 shares of the company’s stock valued at $50,508,000 after purchasing an additional 16,999 shares during the period. Institutional investors own 68.73% of the company’s stock.

Shares of J & J Snack Foods (JJSF) opened at $149.75 on Tuesday. The firm has a market capitalization of $2,871.02, a price-to-earnings ratio of 35.65 and a beta of 0.81. J & J Snack Foods has a 12 month low of $121.20 and a 12 month high of $157.33.

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 4th. Shareholders of record on Wednesday, December 13th were paid a dividend of $0.45 per share. The ex-dividend date of this dividend was Tuesday, December 12th. This represents a $1.80 annualized dividend and a yield of 1.20%. This is an increase from J & J Snack Foods’s previous quarterly dividend of $0.42. J & J Snack Foods’s payout ratio is presently 42.86%.

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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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Earnings History and Estimates for J & J Snack Foods (NASDAQ:JJSF)

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