Analysts Expect Jack in the Box Inc. (JACK) to Announce $1.25 Earnings Per Share
Equities research analysts expect that Jack in the Box Inc. (NASDAQ:JACK) will post $1.25 earnings per share (EPS) for the current quarter, according to Zacks. Seven analysts have issued estimates for Jack in the Box’s earnings. The lowest EPS estimate is $1.07 and the highest is $1.38. Jack in the Box reported earnings per share of $1.18 in the same quarter last year, which would suggest a positive year over year growth rate of 5.9%. The company is scheduled to announce its next earnings report on Wednesday, February 28th.
On average, analysts expect that Jack in the Box will report full-year earnings of $4.49 per share for the current year, with EPS estimates ranging from $4.13 to $4.68. For the next financial year, analysts expect that the business will post earnings of $4.90 per share, with EPS estimates ranging from $4.62 to $5.11. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that follow Jack in the Box.
Jack in the Box (NASDAQ:JACK) last posted its quarterly earnings results on Wednesday, November 29th. The restaurant operator reported $0.73 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.89 by ($0.16). The firm had revenue of $338.75 million for the quarter, compared to analysts’ expectations of $341.34 million. Jack in the Box had a net margin of 8.71% and a negative return on equity of 30.55%. The firm’s revenue for the quarter was down 15.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.03 EPS.
Jack in the Box (NASDAQ JACK) traded up $1.13 during trading on Friday, reaching $100.34. The company’s stock had a trading volume of 545,200 shares, compared to its average volume of 672,155. The company has a current ratio of 0.53, a quick ratio of 0.51 and a debt-to-equity ratio of -2.79. The stock has a market cap of $2,950.00, a P/E ratio of 25.57, a PEG ratio of 1.78 and a beta of 0.51. Jack in the Box has a twelve month low of $90.89 and a twelve month high of $113.00.
The business also recently announced a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Monday, December 4th were paid a $0.40 dividend. The ex-dividend date was Friday, December 1st. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.59%. Jack in the Box’s payout ratio is 35.63%.
In other news, CEO Leonard A. Comma sold 6,021 shares of the company’s stock in a transaction dated Friday, December 8th. The stock was sold at an average price of $102.22, for a total value of $615,466.62. Following the sale, the chief executive officer now owns 173,796 shares in the company, valued at $17,765,427.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Frances L. Allen sold 530 shares of the stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $102.71, for a total value of $54,436.30. Following the transaction, the insider now owns 10,979 shares in the company, valued at approximately $1,127,653.09. The disclosure for this sale can be found here. Insiders sold 10,971 shares of company stock worth $1,121,715 in the last 90 days. Company insiders own 2.10% of the company’s stock.
Hedge funds have recently modified their holdings of the business. Royal Bank of Canada boosted its position in Jack in the Box by 9.0% during the second quarter. Royal Bank of Canada now owns 1,274 shares of the restaurant operator’s stock worth $126,000 after purchasing an additional 105 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Jack in the Box by 61.1% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,585 shares of the restaurant operator’s stock worth $156,000 after purchasing an additional 601 shares in the last quarter. Victory Capital Management Inc. boosted its position in Jack in the Box by 17.8% during the second quarter. Victory Capital Management Inc. now owns 1,875 shares of the restaurant operator’s stock worth $185,000 after purchasing an additional 283 shares in the last quarter. Vident Investment Advisory LLC purchased a new position in Jack in the Box during the third quarter worth approximately $203,000. Finally, Diligent Investors LLC purchased a new position in Jack in the Box during the third quarter worth approximately $206,000. Institutional investors own 98.71% of the company’s stock.
Jack in the Box Company Profile
Jack in the Box Inc operates and franchises Jack in the Box quick-service restaurants (QSRs) and Qdoba Mexican Eats (Qdoba) fast-casual restaurants. The Company operates in two segments: Jack in the Box and Qdoba restaurant operations. Qdoba is a fast-casual Mexican food brand in the United States, offering food items including burritos, tacos, salads, and quesadillas.
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