Zacks: Brokerages Anticipate J & J Snack Foods Corp (NASDAQ:JJSF) Will Announce Quarterly Sales of $313.00 Million

Analysts expect J & J Snack Foods Corp (NASDAQ:JJSF) to report sales of $313.00 million for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for J & J Snack Foods’ earnings, with estimates ranging from $311.00 million to $315.00 million. J & J Snack Foods reported sales of $306.24 million in the same quarter last year, which indicates a positive year over year growth rate of 2.2%. The company is expected to report its next earnings report on Monday, July 29th.

According to Zacks, analysts expect that J & J Snack Foods will report full-year sales of $1.17 billion for the current year, with estimates ranging from $1.16 billion to $1.18 billion. For the next financial year, analysts expect that the firm will report sales of $1.21 billion, with estimates ranging from $1.19 billion to $1.22 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that follow J & J Snack Foods.

J & J Snack Foods (NASDAQ:JJSF) last released its earnings results on Monday, April 29th. The company reported $1.08 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.02 by $0.06. J & J Snack Foods had a return on equity of 11.30% and a net margin of 7.57%. The firm had revenue of $276.30 million for the quarter, compared to the consensus estimate of $272.30 million. During the same period in the prior year, the business posted $0.95 earnings per share. The firm’s revenue for the quarter was up 3.8% compared to the same quarter last year.

Several equities analysts recently weighed in on JJSF shares. BidaskClub upgraded J & J Snack Foods from a “sell” rating to a “hold” rating in a research report on Friday, March 22nd. Zacks Investment Research upgraded J & J Snack Foods from a “sell” rating to a “hold” rating in a research report on Tuesday, March 12th.

NASDAQ JJSF opened at $164.39 on Thursday. J & J Snack Foods has a twelve month low of $138.40 and a twelve month high of $167.50. The stock has a market cap of $3.09 billion, a P/E ratio of 40.49 and a beta of 0.43.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 3rd. Investors of record on Wednesday, June 12th will be given a dividend of $0.50 per share. The ex-dividend date is Tuesday, June 11th. This represents a $2.00 annualized dividend and a yield of 1.22%. J & J Snack Foods’s dividend payout ratio (DPR) is presently 49.26%.

A number of large investors have recently made changes to their positions in JJSF. Norges Bank acquired a new stake in J & J Snack Foods during the fourth quarter worth about $26,425,000. Wells Fargo & Company MN increased its stake in J & J Snack Foods by 38.0% during the first quarter. Wells Fargo & Company MN now owns 407,241 shares of the company’s stock worth $64,687,000 after acquiring an additional 112,038 shares during the last quarter. Ranger Investment Management L.P. increased its stake in J & J Snack Foods by 64.0% during the fourth quarter. Ranger Investment Management L.P. now owns 205,553 shares of the company’s stock worth $29,721,000 after acquiring an additional 80,242 shares during the last quarter. Atlanta Capital Management Co. L L C increased its stake in J & J Snack Foods by 22.8% during the fourth quarter. Atlanta Capital Management Co. L L C now owns 396,135 shares of the company’s stock worth $57,277,000 after acquiring an additional 73,611 shares during the last quarter. Finally, Bank of America Corp DE increased its stake in J & J Snack Foods by 59.2% during the fourth quarter. Bank of America Corp DE now owns 90,931 shares of the company’s stock worth $13,148,000 after acquiring an additional 33,829 shares during the last quarter. Institutional investors own 73.69% of the company’s stock.

J & J Snack Foods Company Profile

J & J Snack Foods Corp. manufactures, markets, and distributes nutritional snack foods and beverages in the United States, Mexico, and Canada. It operates in three segments: Food Service, Retail Supermarkets, and Frozen Beverages. The company offers soft pretzels under the SUPERPRETZEL, PRETZEL FILLERS, PRETZELFILS, GOURMET TWISTS, MR.

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

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