$1.01 EPS Expected for J & J Snack Foods Corp (JJSF) This Quarter

Wall Street brokerages expect J & J Snack Foods Corp (NASDAQ:JJSF) to report $1.01 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for J & J Snack Foods’ earnings. The highest EPS estimate is $1.04 and the lowest is $0.98. J & J Snack Foods posted earnings of $0.85 per share during the same quarter last year, which suggests a positive year over year growth rate of 18.8%. The firm is expected to report its next quarterly earnings results on Monday, April 23rd.

On average, analysts expect that J & J Snack Foods will report full-year earnings of $4.94 per share for the current fiscal year, with EPS estimates ranging from $4.90 to $4.97. For the next fiscal year, analysts expect that the company will post earnings of $5.31 per share, with EPS estimates ranging from $5.22 to $5.40. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that cover J & J Snack Foods.

J & J Snack Foods (NASDAQ:JJSF) last announced its quarterly earnings results on Monday, January 29th. The company reported $0.78 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.80 by ($0.02). J & J Snack Foods had a net margin of 9.07% and a return on equity of 11.79%. The firm had revenue of $265.20 million during the quarter, compared to the consensus estimate of $253.95 million. During the same period in the previous year, the business earned $0.72 earnings per share. The firm’s revenue for the quarter was up 17.6% on a year-over-year basis.

Several research analysts have commented on JJSF shares. Jefferies Group set a $125.00 price target on shares of J & J Snack Foods and gave the company a “hold” rating in a report on Sunday, October 29th. Zacks Investment Research downgraded shares of J & J Snack Foods from a “hold” rating to a “sell” rating in a report on Saturday, November 18th. CL King initiated coverage on shares of J & J Snack Foods in a report on Tuesday, December 19th. They issued a “buy” rating for the company. Finally, BidaskClub downgraded shares of J & J Snack Foods from a “buy” rating to a “hold” rating in a report on Wednesday, January 10th.

Several hedge funds have recently added to or reduced their stakes in JJSF. Teachers Advisors LLC increased its position in shares of J & J Snack Foods by 6.8% during the second quarter. Teachers Advisors LLC now owns 27,399 shares of the company’s stock valued at $3,619,000 after buying an additional 1,742 shares during the period. Ameriprise Financial Inc. increased its position in shares of J & J Snack Foods by 1.2% during the second quarter. Ameriprise Financial Inc. now owns 84,138 shares of the company’s stock valued at $11,113,000 after buying an additional 1,015 shares during the period. Amalgamated Bank increased its position in shares of J & J Snack Foods by 4.9% during the second quarter. Amalgamated Bank now owns 2,082 shares of the company’s stock valued at $275,000 after buying an additional 98 shares during the period. New York State Common Retirement Fund increased its position in shares of J & J Snack Foods by 11.1% during 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 buying an additional 1,799 shares during the period. Finally, UBS Asset Management Americas Inc. increased its position in shares of J & J Snack Foods by 5.9% during the second quarter. UBS Asset Management Americas Inc. now owns 8,225 shares of the company’s stock valued at $1,086,000 after buying an additional 461 shares during the period. Hedge funds and other institutional investors own 68.61% of the company’s stock.

Shares of J & J Snack Foods (NASDAQ JJSF) traded down $1.17 during trading hours on Wednesday, reaching $134.74. 49,708 shares of the company’s stock traded hands, compared to its average volume of 87,971. J & J Snack Foods has a 1 year low of $121.20 and a 1 year high of $157.33. The company has a market cap of $2,488.72, a P/E ratio of 24.86 and a beta of 0.65.

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

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