Wall Street analysts predict that J & J Snack Foods Corp (NASDAQ:JJSF) will report sales of $306.95 million for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for J & J Snack Foods’ earnings. The highest sales estimate is $311.00 million and the lowest is $302.90 million. J & J Snack Foods reported sales of $316.73 million during the same quarter last year, which indicates a negative year-over-year growth rate of 3.1%. The firm is scheduled to issue its next earnings report on Thursday, November 8th.
According to Zacks, analysts expect that J & J Snack Foods will report full year sales of $1.14 billion for the current year, with estimates ranging from $1.14 billion to $1.15 billion. For the next year, analysts anticipate that the company will report sales of $1.18 billion, with estimates ranging from $1.16 billion to $1.19 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that follow J & J Snack Foods.
J & J Snack Foods (NASDAQ:JJSF) last released its earnings results on Monday, July 30th. The company reported $1.39 earnings per share for the quarter, missing analysts’ consensus estimates of $1.51 by ($0.12). The firm had revenue of $306.20 million for the quarter, compared to the consensus estimate of $312.55 million. J & J Snack Foods had a return on equity of 11.36% and a net margin of 9.06%. The company’s revenue was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.34 EPS.
JJSF stock opened at $146.79 on Monday. The firm has a market cap of $2.82 billion, a PE ratio of 34.87, a PEG ratio of 3.30 and a beta of 0.53. J & J Snack Foods has a twelve month low of $125.98 and a twelve month high of $159.05.
The company also recently announced a quarterly dividend, which was paid on Thursday, October 4th. Stockholders of record on Friday, September 14th were given a dividend of $0.45 per share. The ex-dividend date was Thursday, September 13th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.23%. J & J Snack Foods’s payout ratio is currently 42.76%.
In related news, SVP Dennis G. Moore sold 5,250 shares of the company’s stock in a transaction dated Tuesday, August 14th. The stock was sold at an average price of $145.14, for a total value of $761,985.00. Following the completion of the sale, the senior vice president now owns 80,877 shares in the company, valued at $11,738,487.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 21.00% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. increased its holdings in J & J Snack Foods by 7.5% in the second quarter. BlackRock Inc. now owns 2,046,734 shares of the company’s stock valued at $312,066,000 after purchasing an additional 143,652 shares during the last quarter. Summit Global Investments bought a new stake in J & J Snack Foods in the second quarter valued at about $701,000. WINTON GROUP Ltd increased its holdings in J & J Snack Foods by 821.9% in the second quarter. WINTON GROUP Ltd now owns 51,739 shares of the company’s stock valued at $7,889,000 after purchasing an additional 46,127 shares during the last quarter. Zebra Capital Management LLC bought a new stake in J & J Snack Foods in the second quarter valued at about $277,000. Finally, Legal & General Group Plc increased its holdings in J & J Snack Foods by 5.6% in the second quarter. Legal & General Group Plc now owns 32,521 shares of the company’s stock valued at $4,969,000 after purchasing an additional 1,724 shares during the last quarter. Institutional investors and hedge funds own 69.70% of the company’s stock.
About J & J Snack Foods
J&J Snack Foods Corp. manufactures, markets, and distributes various nutritional snack foods and beverages to the food service and retail supermarket industries in the United States, Mexico, and Canada. The company operates through three segments: Food Service, Retail Supermarkets, and Frozen Beverages.
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