Equities research analysts predict that J & J Snack Foods Corp (NASDAQ:JJSF) will report $261.10 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for J & J Snack Foods’ earnings, with the highest sales estimate coming in at $263.00 million and the lowest estimate coming in at $259.20 million. J & J Snack Foods posted sales of $246.51 million in the same quarter last year, which would indicate a positive year over year growth rate of 5.9%. The company is scheduled to announce its next earnings results on Monday, April 23rd.
On average, analysts expect that J & J Snack Foods will report full-year sales of $261.10 million for the current fiscal year, with estimates ranging from $1.13 billion to $1.15 billion. For the next fiscal year, analysts anticipate that the business will post sales of $1.17 billion per share, with estimates ranging from $1.15 billion to $1.19 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow 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 consensus estimate of $0.80 by ($0.02). The company had revenue of $265.20 million during the quarter, compared to analysts’ expectations of $253.95 million. J & J Snack Foods had a return on equity of 11.79% and a net margin of 9.07%. The firm’s revenue for the quarter was up 17.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.72 EPS.
Several institutional investors have recently bought and sold shares of JJSF. Janus Henderson Group PLC increased its holdings in shares of J & J Snack Foods by 128.9% in the 2nd quarter. Janus Henderson Group PLC now owns 444,376 shares of the company’s stock worth $58,690,000 after buying an additional 250,275 shares during the last quarter. Macquarie Group Ltd. increased its holdings in shares of J & J Snack Foods by 9.0% in the 3rd quarter. Macquarie Group Ltd. now owns 714,802 shares of the company’s stock worth $93,854,000 after buying an additional 58,865 shares during the last quarter. WINTON GROUP Ltd bought a new stake in shares of J & J Snack Foods in the 3rd quarter worth about $5,883,000. Assenagon Asset Management S.A. bought a new stake in shares of J & J Snack Foods in the 3rd quarter worth about $3,475,000. Finally, Vanguard Group Inc. increased its holdings in shares of J & J Snack Foods by 1.5% in the 2nd quarter. Vanguard Group Inc. now owns 1,526,892 shares of the company’s stock worth $201,656,000 after buying an additional 22,527 shares during the last quarter. Hedge funds and other institutional investors own 68.61% of the company’s stock.
Shares of J & J Snack Foods (NASDAQ JJSF) opened at $132.17 on Friday. The company has a market cap of $2,538.59, a price-to-earnings ratio of 24.39 and a beta of 0.65. J & J Snack Foods has a one year low of $121.20 and a one year high of $157.33.
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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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