Zacks: Analysts Expect Jack in the Box Inc. (JACK) to Post $1.30 Earnings Per Share
Analysts expect that Jack in the Box Inc. (NASDAQ:JACK) will report earnings per share (EPS) of $1.30 for the current fiscal quarter, according to Zacks. Six analysts have provided estimates for Jack in the Box’s earnings. The lowest EPS estimate is $1.22 and the highest is $1.40. Jack in the Box posted earnings of $1.23 per share in the same quarter last year, which would suggest a positive year over year growth rate of 5.7%. The firm is expected to issue its next quarterly earnings results on Wednesday, February 20th.
According to Zacks, analysts expect that Jack in the Box will report full-year earnings of $4.22 per share for the current fiscal year, with EPS estimates ranging from $3.82 to $4.43. For the next financial year, analysts expect that the company will post earnings of $4.67 per share, with EPS estimates ranging from $4.33 to $5.04. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that follow Jack in the Box.
Jack in the Box (NASDAQ:JACK) last posted its quarterly earnings data on Monday, November 19th. The restaurant operator reported $0.77 EPS for the quarter, missing the Zacks’ consensus estimate of $0.85 by ($0.08). Jack in the Box had a negative return on equity of 23.22% and a net margin of 13.96%. The company had revenue of $177.47 million for the quarter, compared to the consensus estimate of $175.26 million. During the same quarter last year, the business earned $0.73 EPS. Jack in the Box’s revenue was down 23.5% on a year-over-year basis.
Jack in the Box stock traded down $0.23 during mid-day trading on Friday, reaching $82.78. 37,418 shares of the company were exchanged, compared to its average volume of 674,059. Jack in the Box has a 12 month low of $75.09 and a 12 month high of $106.00. The firm has a market cap of $2.23 billion, a PE ratio of 21.84, a price-to-earnings-growth ratio of 1.70 and a beta of 0.49.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 18th. Stockholders of record on Wednesday, December 5th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date of this dividend is Tuesday, December 4th. Jack in the Box’s dividend payout ratio is 42.22%.
In other news, SVP Paul D. Melancon sold 488 shares of the business’s stock in a transaction dated Friday, November 30th. The stock was sold at an average price of $87.66, for a total value of $42,778.08. Following the transaction, the senior vice president now directly owns 5,594 shares of the company’s stock, valued at approximately $490,370.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Leonard A. Comma sold 11,528 shares of the business’s stock in a transaction dated Friday, November 30th. The shares were sold at an average price of $87.66, for a total value of $1,010,544.48. Following the completion of the transaction, the chief executive officer now directly owns 196,397 shares in the company, valued at $17,216,161.02. The disclosure for this sale can be found here. Insiders sold a total of 15,454 shares of company stock worth $1,347,154 over the last three months. 2.60% of the stock is owned by company insiders.
Several large investors have recently made changes to their positions in JACK. BlackRock Inc. increased its position in Jack in the Box by 3.0% in the 2nd quarter. BlackRock Inc. now owns 3,219,468 shares of the restaurant operator’s stock valued at $274,041,000 after buying an additional 94,185 shares in the last quarter. Janus Henderson Group PLC increased its holdings in Jack in the Box by 10.6% during the 3rd quarter. Janus Henderson Group PLC now owns 869,069 shares of the restaurant operator’s stock worth $72,854,000 after purchasing an additional 83,465 shares in the last quarter. Voya Investment Management LLC increased its holdings in Jack in the Box by 6.8% during the 2nd quarter. Voya Investment Management LLC now owns 796,430 shares of the restaurant operator’s stock worth $67,793,000 after purchasing an additional 50,663 shares in the last quarter. Macquarie Group Ltd. increased its holdings in Jack in the Box by 24.3% during the 3rd quarter. Macquarie Group Ltd. now owns 633,009 shares of the restaurant operator’s stock worth $53,065,000 after purchasing an additional 123,630 shares in the last quarter. Finally, Marshall Wace LLP increased its holdings in Jack in the Box by 855.6% during the 3rd quarter. Marshall Wace LLP now owns 566,255 shares of the restaurant operator’s stock worth $47,469,000 after purchasing an additional 507,000 shares in the last quarter.
Jack in the Box Company Profile
Jack in the Box Inc operates and franchises Jack in the Box quick-service restaurants. As of April 15, 2018, it operated and franchised 2,245 Jack in the Box restaurants primarily in the western and southern United States and Guam. The company was founded in 1951 and is headquartered in San Diego, California.
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