Equities research analysts expect Jack in the Box Inc. (NASDAQ:JACK) to report sales of $219.26 million for the current fiscal quarter, according to Zacks. Seven analysts have provided estimates for Jack in the Box’s earnings, with the highest sales estimate coming in at $222.18 million and the lowest estimate coming in at $216.57 million. Jack in the Box posted sales of $187.98 million in the same quarter last year, which suggests a positive year-over-year growth rate of 16.6%. The business is expected to announce its next earnings results on Wednesday, August 14th.
According to Zacks, analysts expect that Jack in the Box will report full year sales of $943.74 million for the current year, with estimates ranging from $938.47 million to $948.50 million. For the next financial year, analysts expect that the company will post sales of $964.07 million, with estimates ranging from $953.78 million to $976.00 million. Zacks Investment Research’s sales averages are an average based on a survey of research firms that cover Jack in the Box.
Jack in the Box (NASDAQ:JACK) last issued its quarterly earnings data on Wednesday, May 15th. The restaurant operator reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $215.73 million during the quarter, compared to analyst estimates of $217.99 million. During the same quarter last year, the firm earned $0.80 EPS. Jack in the Box’s quarterly revenue was up 2.8% on a year-over-year basis.
Shares of JACK traded down $0.89 during mid-day trading on Friday, hitting $79.97. The stock had a trading volume of 16,735 shares, compared to its average volume of 585,836. The firm has a market cap of $2.12 billion, a price-to-earnings ratio of 21.10, a PEG ratio of 1.54 and a beta of 0.51. Jack in the Box has a fifty-two week low of $74.19 and a fifty-two week high of $93.98.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Wednesday, May 29th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Tuesday, May 28th. This represents a $1.60 dividend on an annualized basis and a yield of 2.00%. Jack in the Box’s dividend payout ratio is currently 42.22%.
In related news, CFO Lance F. Tucker sold 517 shares of the business’s stock in a transaction that occurred on Wednesday, April 3rd. The stock was sold at an average price of $81.26, for a total transaction of $42,011.42. Following the completion of the transaction, the chief financial officer now owns 19,004 shares in the company, valued at approximately $1,544,265.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold a total of 1,113 shares of company stock valued at $89,004 in the last 90 days. Insiders own 2.30% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in JACK. Retirement Systems of Alabama raised its stake in Jack in the Box by 0.6% during the 1st quarter. Retirement Systems of Alabama now owns 33,596 shares of the restaurant operator’s stock valued at $2,723,000 after acquiring an additional 201 shares in the last quarter. Great West Life Assurance Co. Can raised its stake in Jack in the Box by 1.4% during the 4th quarter. Great West Life Assurance Co. Can now owns 16,650 shares of the restaurant operator’s stock valued at $1,200,000 after acquiring an additional 236 shares in the last quarter. Mason Street Advisors LLC raised its stake in Jack in the Box by 1.8% during the 1st quarter. Mason Street Advisors LLC now owns 13,723 shares of the restaurant operator’s stock valued at $1,112,000 after acquiring an additional 239 shares in the last quarter. Amalgamated Bank raised its stake in Jack in the Box by 8.4% during the 4th quarter. Amalgamated Bank now owns 3,941 shares of the restaurant operator’s stock valued at $306,000 after acquiring an additional 304 shares in the last quarter. Finally, Hsbc Holdings PLC raised its stake in Jack in the Box by 11.0% during the 4th quarter. Hsbc Holdings PLC now owns 3,317 shares of the restaurant operator’s stock valued at $257,000 after acquiring an additional 330 shares in the last quarter. Institutional investors and hedge funds own 95.52% of the company’s stock.
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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