Zacks: Analysts Expect Jack in the Box Inc. (NASDAQ:JACK) Will Post Earnings of $1.01 Per Share

Wall Street brokerages expect Jack in the Box Inc. (NASDAQ:JACK) to post earnings per share (EPS) of $1.01 for the current quarter, according to Zacks Investment Research. Seven analysts have issued estimates for Jack in the Box’s earnings. The lowest EPS estimate is $0.91 and the highest is $1.21. Jack in the Box posted earnings of $1.00 per share in the same quarter last year, which would suggest a positive year over year growth rate of 1%. The company is expected to report its next earnings report on Wednesday, August 14th.

On average, analysts expect that Jack in the Box will report full-year earnings of $4.24 per share for the current year, with EPS estimates ranging from $4.08 to $4.55. For the next financial year, analysts forecast that the business will report earnings of $4.73 per share, with EPS estimates ranging from $4.41 to $5.21. Zacks’ earnings per share averages are a mean average based on a survey of analysts that cover Jack in the Box.

Jack in the Box (NASDAQ:JACK) last posted its quarterly earnings data on Wednesday, May 15th. The restaurant operator reported $0.99 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.93 by $0.06. Jack in the Box had a negative return on equity of 19.41% and a net margin of 13.85%. The company had revenue of $215.73 million during the quarter, compared to analyst estimates of $217.99 million. During the same quarter last year, the company earned $0.80 EPS. The firm’s revenue for the quarter was up 2.8% on a year-over-year basis.

A number of research firms recently weighed in on JACK. ValuEngine lowered Zynerba Pharmaceuticals from a “buy” rating to a “hold” rating in a research report on Wednesday, July 17th. Cowen reissued a “buy” rating on shares of Adverum Biotechnologies in a report on Thursday, May 16th. Morgan Stanley decreased their price target on Tesla from $97.00 to $10.00 and set an “equal weight” rating on the stock in a report on Tuesday, May 21st. Telsey Advisory Group reissued an “outperform” rating and set a $95.00 price target (down from $105.00) on shares of Jack in the Box in a report on Tuesday, April 16th. Finally, Wedbush reissued a “hold” rating and set a $2.00 price target on shares of Regulus Therapeutics in a report on Tuesday, April 9th. Four research analysts have rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the stock. Jack in the Box has a consensus rating of “Hold” and a consensus target price of $89.08.

In other news, EVP Mark H. Blankenship sold 2,413 shares of Jack in the Box stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $83.69, for a total value of $201,943.97. Following the sale, the executive vice president now directly owns 27,097 shares of the company’s stock, valued at $2,267,747.93. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Carol A. Diraimo sold 590 shares of Jack in the Box stock in a transaction dated Thursday, May 30th. The stock was sold at an average price of $82.02, for a total value of $48,391.80. Following the completion of the sale, the vice president now directly owns 17,588 shares in the company, valued at $1,442,567.76. The disclosure for this sale can be found here. Insiders sold 5,267 shares of company stock worth $436,103 over the last ninety days. Insiders own 2.30% of the company’s stock.

Several hedge funds have recently modified their holdings of the company. Quantitative Systematic Strategies LLC increased its holdings in shares of Jack in the Box by 5.4% in the second quarter. Quantitative Systematic Strategies LLC now owns 17,000 shares of the restaurant operator’s stock worth $1,384,000 after purchasing an additional 866 shares during the last quarter. Strs Ohio acquired a new position in shares of Jack in the Box in the 2nd quarter valued at $40,000. Arizona State Retirement System increased its position in shares of Jack in the Box by 1.1% in the 2nd quarter. Arizona State Retirement System now owns 18,734 shares of the restaurant operator’s stock valued at $1,525,000 after acquiring an additional 203 shares during the period. Convergence Investment Partners LLC acquired a new position in shares of Jack in the Box in the 2nd quarter valued at $201,000. Finally, Bessemer Group Inc. acquired a new position in shares of Jack in the Box in the 2nd quarter valued at $2,556,000. 95.52% of the stock is currently owned by hedge funds and other institutional investors.

JACK stock traded down $1.79 on Thursday, reaching $72.44. 325,353 shares of the company traded hands, compared to its average volume of 545,376. Jack in the Box has a one year low of $72.15 and a one year high of $93.98. The company has a market cap of $1.87 billion, a P/E ratio of 19.11, a P/E/G ratio of 1.38 and a beta of 0.33. The firm’s fifty day simple moving average is $80.58.

About Jack in the Box

Jack in the Box Inc operates and franchises Jack in the Box quick-service restaurants. As of March 19, 2019, it operated and franchised approximately 2,200 Jack in the Box restaurants in 21 states and Guam. The company was founded in 1951 and is headquartered in San Diego, California.

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Earnings History and Estimates for Jack in the Box (NASDAQ:JACK)

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