Zacks: Brokerages Anticipate J & J Snack Foods Corp (JJSF) Will Announce Quarterly Sales of $261.10 Million
Wall Street analysts expect that J & J Snack Foods Corp (NASDAQ:JJSF) will post sales of $261.10 million for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for J & J Snack Foods’ earnings, with estimates ranging from $259.20 million to $263.00 million. J & J Snack Foods reported sales of $246.51 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 5.9%. The business is expected to issue its next earnings results on Monday, April 23rd.
According to Zacks, analysts expect that J & J Snack Foods will report full year sales of $261.10 million for the current financial year, with estimates ranging from $1.13 billion to $1.15 billion. For the next financial year, analysts expect that the company will report sales of $1.17 billion per share, with estimates ranging from $1.15 billion to $1.19 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for J & J Snack Foods.
J & J Snack Foods (NASDAQ:JJSF) last released its quarterly earnings data on Monday, January 29th. The company reported $0.78 earnings per share 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 the consensus estimate of $253.95 million. J & J Snack Foods had a net margin of 13.67% and a return on equity of 20.92%. The business’s revenue was up 17.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.72 EPS.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Shelton Capital Management acquired a new stake in J & J Snack Foods in the 4th quarter valued at $204,000. CIBC Asset Management Inc acquired a new stake in J & J Snack Foods in the 4th quarter valued at $207,000. Bruderman Asset Management LLC acquired a new stake in J & J Snack Foods in the 4th quarter valued at $216,000. Teton Advisors Inc. acquired a new stake in J & J Snack Foods in the 4th quarter valued at $228,000. Finally, Two Sigma Advisers LP acquired a new stake in J & J Snack Foods in the 4th quarter valued at $235,000. 68.26% of the stock is owned by institutional investors and hedge funds.
J & J Snack Foods (NASDAQ JJSF) traded up $3.75 during trading hours on Friday, hitting $138.36. 93,099 shares of the stock traded hands, compared to its average volume of 86,259. The company has a market cap of $2,580.00, a price-to-earnings ratio of 25.53 and a beta of 0.65. J & J Snack Foods has a 12 month low of $121.20 and a 12 month high of $157.33.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 4th. Investors of record on Thursday, March 15th will be given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 1.30%. The ex-dividend date of this dividend is Wednesday, March 14th. J & J Snack Foods’s payout ratio is currently 33.21%.
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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