Equities research analysts expect J & J Snack Foods Corp (NASDAQ:JJSF) to announce sales of $270.45 million for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for J & J Snack Foods’ earnings. The lowest sales estimate is $270.00 million and the highest is $270.90 million. J & J Snack Foods reported sales of $265.21 million in the same quarter last year, which would suggest a positive year over year growth rate of 2%. The company is expected to announce its next quarterly earnings report on Monday, February 4th.
On average, analysts expect that J & J Snack Foods will report full-year sales of $1.17 billion for the current fiscal year, with estimates ranging from $1.16 billion to $1.18 billion. For the next fiscal year, analysts expect that the business will report sales of $1.20 billion, with estimates ranging from $1.19 billion to $1.22 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that cover J & J Snack Foods.
J & J Snack Foods (NASDAQ:JJSF) last announced its quarterly earnings results on Thursday, November 8th. The company reported $1.24 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.32 by ($0.08). J & J Snack Foods had a net margin of 9.10% and a return on equity of 10.89%. The company had revenue of $300.72 million during the quarter, compared to the consensus estimate of $306.48 million. During the same period in the previous year, the firm posted $1.29 EPS. The business’s quarterly revenue was down 5.1% compared to the same quarter last year.
JJSF traded down $0.02 during trading on Friday, reaching $148.89. The company had a trading volume of 57,900 shares, compared to its average volume of 77,813. J & J Snack Foods has a 12 month low of $125.98 and a 12 month high of $162.80. The firm has a market cap of $2.77 billion, a P/E ratio of 37.05, a PEG ratio of 3.02 and a beta of 0.49.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 4th. Stockholders of record on Tuesday, December 18th were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.34%. The ex-dividend date was Monday, December 17th. This is a positive change from J & J Snack Foods’s previous quarterly dividend of $0.45. J & J Snack Foods’s payout ratio is currently 49.26%.
In related news, insider Gerald B. Shreiber sold 2,435 shares of the business’s stock in a transaction on Wednesday, November 28th. The shares were sold at an average price of $156.29, for a total transaction of $380,566.15. Following the transaction, the insider now directly owns 3,563,985 shares in the company, valued at $557,015,215.65. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Robert Joseph Pape sold 2,100 shares of the business’s stock in a transaction on Tuesday, November 20th. The stock was sold at an average price of $153.68, for a total transaction of $322,728.00. Following the transaction, the insider now owns 12,281 shares in the company, valued at $1,887,344.08. The disclosure for this sale can be found here. Insiders own 21.00% of the company’s stock.
A number of institutional investors and hedge funds have recently modified their holdings of JJSF. Epoch Investment Partners Inc. acquired a new position in J & J Snack Foods during the second quarter worth $30,669,000. Wells Fargo & Company MN increased its holdings in J & J Snack Foods by 376.9% during the third quarter. Wells Fargo & Company MN now owns 196,700 shares of the company’s stock worth $29,680,000 after buying an additional 155,455 shares during the last quarter. BlackRock Inc. increased its holdings in J & J Snack Foods by 7.5% during the second quarter. BlackRock Inc. now owns 2,046,734 shares of the company’s stock worth $312,066,000 after buying an additional 143,652 shares during the last quarter. Macquarie Group Ltd. increased its holdings in J & J Snack Foods by 11.0% during the third quarter. Macquarie Group Ltd. now owns 757,131 shares of the company’s stock worth $114,243,000 after buying an additional 74,754 shares during the last quarter. Finally, Atlanta Capital Management Co. L L C increased its holdings in J & J Snack Foods by 28.4% during the third quarter. Atlanta Capital Management Co. L L C now owns 322,524 shares of the company’s stock worth $48,666,000 after buying an additional 71,273 shares during the last quarter. Institutional investors and hedge funds own 70.66% of the company’s stock.
J & J Snack Foods Company Profile
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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