$1.42 EPS Expected for J & J Snack Foods Corp (NASDAQ:JJSF) This Quarter

Analysts expect J & J Snack Foods Corp (NASDAQ:JJSF) to post earnings of $1.42 per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for J & J Snack Foods’ earnings, with estimates ranging from $1.41 to $1.43. J & J Snack Foods posted earnings per share of $1.22 during the same quarter last year, which indicates a positive year over year growth rate of 16.4%. The firm is scheduled to announce its next quarterly earnings report on Thursday, November 14th.

According to Zacks, analysts expect that J & J Snack Foods will report full-year earnings of $5.01 per share for the current fiscal year, with EPS estimates ranging from $5.00 to $5.02. For the next fiscal year, analysts forecast that the business will post earnings of $5.30 per share, with EPS estimates ranging from $5.29 to $5.30. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research analysts that cover J & J Snack Foods.

J & J Snack Foods (NASDAQ:JJSF) last issued its quarterly earnings results on Monday, July 29th. The company reported $1.63 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.55 by $0.08. The business had revenue of $326.70 million for the quarter, compared to analysts’ expectations of $311.67 million. J & J Snack Foods had a net margin of 7.84% and a return on equity of 11.65%. The business’s quarterly revenue was up 6.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.39 earnings per share.

Several analysts have recently issued reports on the stock. Zacks Investment Research raised shares of J & J Snack Foods from a “hold” rating to a “buy” rating and set a $208.00 price target on the stock in a research report on Friday, August 2nd. ValuEngine cut shares of J & J Snack Foods from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. BidaskClub raised shares of J & J Snack Foods from a “hold” rating to a “buy” rating in a report on Saturday, October 5th. Finally, Consumer Edge raised shares of J & J Snack Foods from an “equal weight” rating to an “overweight” rating in a report on Friday, August 9th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. J & J Snack Foods presently has an average rating of “Buy” and an average price target of $176.50.

Shares of JJSF traded up $1.09 during mid-day trading on Friday, hitting $193.07. 718 shares of the company’s stock were exchanged, compared to its average volume of 119,178. The company has a market cap of $3.63 billion, a price-to-earnings ratio of 47.50 and a beta of 0.36. J & J Snack Foods has a fifty-two week low of $138.40 and a fifty-two week high of $196.84. The stock’s 50-day moving average is $191.79 and its 200-day moving average is $171.37.

The company also recently announced a quarterly dividend, which was paid on Thursday, October 3rd. Investors of record on Thursday, September 19th were issued a $0.50 dividend. The ex-dividend date of this dividend was Wednesday, September 18th. This represents a $2.00 annualized dividend and a yield of 1.04%. J & J Snack Foods’s dividend payout ratio (DPR) is 49.26%.

In other J & J Snack Foods news, insider Dan Fachner sold 7,500 shares of the firm’s stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $187.88, for a total transaction of $1,409,100.00. Following the sale, the insider now owns 102,296 shares of the company’s stock, valued at $19,219,372.48. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Gerald B. Shreiber sold 25,000 shares of the firm’s stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $181.47, for a total transaction of $4,536,750.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 35,000 shares of company stock worth $6,410,600. 21.00% of the stock is owned by corporate insiders.

Hedge funds have recently added to or reduced their stakes in the business. State of Alaska Department of Revenue grew its position in shares of J & J Snack Foods by 1.2% during the second quarter. State of Alaska Department of Revenue now owns 5,128 shares of the company’s stock worth $825,000 after acquiring an additional 63 shares during the last quarter. Quantamental Technologies LLC grew its position in shares of J & J Snack Foods by 7.3% during the second quarter. Quantamental Technologies LLC now owns 1,078 shares of the company’s stock worth $174,000 after acquiring an additional 73 shares during the last quarter. 6 Meridian grew its position in shares of J & J Snack Foods by 1.9% during the second quarter. 6 Meridian now owns 4,730 shares of the company’s stock worth $761,000 after acquiring an additional 88 shares during the last quarter. Municipal Employees Retirement System of Michigan grew its position in shares of J & J Snack Foods by 2.0% during the second quarter. Municipal Employees Retirement System of Michigan now owns 4,490 shares of the company’s stock worth $723,000 after acquiring an additional 90 shares during the last quarter. Finally, Huntington National Bank grew its position in shares of J & J Snack Foods by 10.4% during the second quarter. Huntington National Bank now owns 968 shares of the company’s stock worth $156,000 after acquiring an additional 91 shares during the last quarter. 73.57% of the stock is currently owned by institutional investors.

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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Earnings History and Estimates for J & J Snack Foods (NASDAQ:JJSF)

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