Wall Street analysts expect J & J Snack Foods Corp. (NASDAQ:JJSF) to announce $240.33 million in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for J & J Snack Foods’ earnings, with estimates ranging from $236.10 million to $247.00 million. J & J Snack Foods posted sales of $272.04 million in the same quarter last year, which suggests a negative year-over-year growth rate of 11.7%. The firm is expected to issue its next quarterly earnings results on Monday, April 26th.
According to Zacks, analysts expect that J & J Snack Foods will report full year sales of $1.03 billion for the current financial year, with estimates ranging from $1.01 billion to $1.06 billion. For the next financial year, analysts expect that the business will post sales of $1.11 billion, with estimates ranging from $1.07 billion to $1.15 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that follow J & J Snack Foods.
J & J Snack Foods (NASDAQ:JJSF) last posted its quarterly earnings data on Sunday, January 24th. The company reported $0.09 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.09. J & J Snack Foods had a return on equity of 2.84% and a net margin of 1.79%. The business had revenue of $241.00 million during the quarter, compared to analyst estimates of $224.80 million. During the same period last year, the company earned $0.94 EPS. The company’s revenue for the quarter was down 14.8% on a year-over-year basis.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Oregon Public Employees Retirement Fund boosted its position in shares of J & J Snack Foods by 1.7% in the 3rd quarter. Oregon Public Employees Retirement Fund now owns 6,116 shares of the company’s stock worth $797,000 after purchasing an additional 100 shares in the last quarter. California State Teachers Retirement System boosted its position in shares of J & J Snack Foods by 0.5% in the 3rd quarter. California State Teachers Retirement System now owns 22,682 shares of the company’s stock worth $2,958,000 after purchasing an additional 106 shares in the last quarter. Comerica Bank boosted its position in shares of J & J Snack Foods by 0.7% in the 3rd quarter. Comerica Bank now owns 16,844 shares of the company’s stock worth $2,307,000 after purchasing an additional 122 shares in the last quarter. ICW Investment Advisors LLC boosted its position in shares of J & J Snack Foods by 3.8% in the 3rd quarter. ICW Investment Advisors LLC now owns 3,332 shares of the company’s stock worth $434,000 after purchasing an additional 122 shares in the last quarter. Finally, Vantage Consulting Group Inc acquired a new stake in J & J Snack Foods during the 4th quarter worth about $29,000. Institutional investors own 73.18% of the company’s stock.
Shares of NASDAQ JJSF traded up $2.47 during midday trading on Friday, hitting $153.28. The company’s stock had a trading volume of 1,466 shares, compared to its average volume of 125,696. The business’s 50 day moving average is $154.30 and its two-hundred day moving average is $144.52. J & J Snack Foods has a 12-month low of $105.67 and a 12-month high of $176.01. The firm has a market cap of $2.91 billion, a P/E ratio of 158.75 and a beta of 0.58.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 13th. Shareholders of record on Monday, March 22nd will be issued a dividend of $0.575 per share. The ex-dividend date is Friday, March 19th. This represents a $2.30 annualized dividend and a yield of 1.50%. J & J Snack Foods’s payout ratio is currently 207.21%.
About J & J Snack Foods
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. 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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