Wall Street analysts predict that J & J Snack Foods Corp. (NASDAQ:JJSF) will announce $1.24 earnings per share (EPS) for the current quarter, according to Zacks. Two analysts have provided estimates for J & J Snack Foods Corp.’s earnings, with estimates ranging from $1.23 to $1.25. J & J Snack Foods Corp. reported earnings of $1.10 per share in the same quarter last year, which would indicate a positive year over year growth rate of 12.7%. The business is expected to issue its next quarterly earnings report on Thursday, November 2nd.

On average, analysts expect that J & J Snack Foods Corp. will report full year earnings of $4.16 per share for the current financial year, with EPS estimates ranging from $4.14 to $4.17. For the next financial year, analysts expect that the business will report earnings of $4.48 per share, with EPS estimates ranging from $4.40 to $4.56. Zacks’ earnings per share calculations are an average based on a survey of sell-side research analysts that follow J & J Snack Foods Corp..

J & J Snack Foods Corp. (NASDAQ:JJSF) last issued its quarterly earnings results on Monday, July 24th. The company reported $1.34 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.49 by ($0.15). The firm had revenue of $295.40 million for the quarter, compared to analysts’ expectations of $297.83 million. J & J Snack Foods Corp. had a return on equity of 11.55% and a net margin of 7.33%. The firm’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.43 earnings per share.

Several research firms have weighed in on JJSF. Zacks Investment Research raised J & J Snack Foods Corp. from a “sell” rating to a “hold” rating in a research report on Wednesday. BidaskClub downgraded J & J Snack Foods Corp. from a “hold” rating to a “sell” rating in a research report on Thursday, June 29th.

A number of institutional investors have recently added to or reduced their stakes in JJSF. Bank of Montreal Can increased its position in J & J Snack Foods Corp. by 8.5% during the first quarter. Bank of Montreal Can now owns 1,319 shares of the company’s stock worth $179,000 after buying an additional 103 shares in the last quarter. First Trust Advisors LP increased its position in J & J Snack Foods Corp. by 2.6% during the first quarter. First Trust Advisors LP now owns 26,485 shares of the company’s stock worth $3,590,000 after buying an additional 678 shares in the last quarter. Bank of New York Mellon Corp increased its position in J & J Snack Foods Corp. by 4.4% during the first quarter. Bank of New York Mellon Corp now owns 230,544 shares of the company’s stock worth $31,253,000 after buying an additional 9,779 shares in the last quarter. BNP Paribas Arbitrage SA increased its position in J & J Snack Foods Corp. by 12.0% during the first quarter. BNP Paribas Arbitrage SA now owns 3,173 shares of the company’s stock worth $430,000 after buying an additional 339 shares in the last quarter. Finally, Comerica Bank increased its position in J & J Snack Foods Corp. by 3.6% during the first quarter. Comerica Bank now owns 16,789 shares of the company’s stock worth $2,261,000 after buying an additional 587 shares in the last quarter. 67.52% of the stock is owned by institutional investors.

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J & J Snack Foods Corp. (NASDAQ:JJSF) traded up 0.27% during trading on Wednesday, reaching $133.01. The company’s stock had a trading volume of 37,819 shares. The company has a 50 day moving average price of $127.94 and a 200-day moving average price of $131.57. The company has a market capitalization of $2.49 billion, a PE ratio of 33.17 and a beta of 0.75. J & J Snack Foods Corp. has a 52 week low of $102.81 and a 52 week high of $143.21.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 4th. Shareholders of record on Thursday, September 14th will be given a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 1.26%. The ex-dividend date of this dividend is Wednesday, September 13th. J & J Snack Foods Corp.’s payout ratio is 41.90%.

J & J Snack Foods Corp. declared that its board has authorized a stock repurchase program on Friday, August 4th that authorizes the company to buyback 500,000 shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.

J & J Snack Foods Corp. Company Profile

J & J Snack Foods Corp. is a manufacturer, marketer and distributor of a range of snack foods and beverages for the food service and retail supermarket industries. The Company operates in three business segments: Food Service, Retail Supermarkets and Frozen Beverages. Its portfolio of products includes soft pretzels, frozen beverages, frozen juice treats and desserts, stuffed sandwiches, burritos, churros, fruit pies, funnel cakes, cookies and bakery goods, and other snack foods and drinks.

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

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