Equities research analysts expect J & J Snack Foods Corp (NASDAQ:JJSF) to report $1.42 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for J & J Snack Foods’ earnings. The highest EPS estimate is $1.43 and the lowest is $1.41. J & J Snack Foods posted earnings of $1.22 per share during the same quarter last year, which would indicate a positive year over year growth rate of 16.4%. The firm is scheduled to issue its next earnings results on Thursday, November 14th.
On average, analysts expect that J & J Snack Foods will report full year earnings of $5.01 per share for the current year, with EPS estimates ranging from $5.00 to $5.02. For the next financial year, analysts anticipate that the business will report earnings of $5.30 per share, with EPS estimates ranging from $5.29 to $5.30. Zacks Investment Research’s EPS averages are a mean average based on a survey of research analysts that that provide coverage for J & J Snack Foods.
J & J Snack Foods (NASDAQ:JJSF) last issued its quarterly earnings data on Monday, July 29th. The company reported $1.63 EPS for the quarter, topping the Zacks’ consensus estimate of $1.55 by $0.08. The firm had revenue of $326.70 million during the quarter, compared to the consensus estimate of $311.67 million. J & J Snack Foods had a return on equity of 11.65% and a net margin of 7.84%. The firm’s revenue was up 6.7% on a year-over-year basis. During the same period in the prior year, the business earned $1.39 EPS.
JJSF traded up $1.09 during trading on Friday, reaching $193.07. 718 shares of the company were exchanged, compared to its average volume of 119,178. J & J Snack Foods has a 52 week low of $138.40 and a 52 week high of $196.84. The stock has a market cap of $3.63 billion, a P/E ratio of 47.50 and a beta of 0.36. The firm has a 50 day moving average of $191.79 and a 200 day moving average of $171.37.
The firm also recently declared a quarterly dividend, which was paid on Thursday, October 3rd. Stockholders of record on Thursday, September 19th were paid a $0.50 dividend. The ex-dividend date was Wednesday, September 18th. This represents a $2.00 annualized dividend and a dividend yield of 1.04%. J & J Snack Foods’s payout ratio is 49.26%.
In other news, insider Dan Fachner sold 7,500 shares of the stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $187.88, for a total value of $1,409,100.00. Following the completion of the transaction, the insider now owns 102,296 shares of the company’s stock, valued at $19,219,372.48. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Gerald B. Shreiber sold 25,000 shares of the stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $181.47, for a total value of $4,536,750.00. The disclosure for this sale can be found here. In the last three months, insiders sold 35,000 shares of company stock valued at $6,410,600. Company insiders own 21.00% of the company’s stock.
Several institutional investors have recently made changes to their positions in JJSF. Steward Partners Investment Advisory LLC acquired a new stake in shares of J & J Snack Foods in the second quarter valued at $35,000. Krane Funds Advisors LLC acquired a new stake in shares of J & J Snack Foods in the second quarter valued at $58,000. Tower Research Capital LLC TRC acquired a new stake in shares of J & J Snack Foods in the second quarter valued at $60,000. North Star Investment Management Corp. acquired a new stake in shares of J & J Snack Foods in the third quarter valued at $77,000. Finally, Huntington National Bank lifted its holdings in shares of J & J Snack Foods by 10.4% in the second quarter. Huntington National Bank now owns 968 shares of the company’s stock valued at $156,000 after buying an additional 91 shares during the period. Institutional investors and hedge funds own 73.57% of the company’s stock.
About J & J Snack Foods
J & J Snack Foods Corp. manufactures, markets, and distributes nutritional snack foods and beverages in the United States, Mexico, and Canada. It operates in three segments: Food Service, Retail Supermarkets, and Frozen Beverages. The company offers soft pretzels under the SUPERPRETZEL, PRETZEL FILLERS, PRETZELFILS, GOURMET TWISTS, MR.
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