Equities analysts expect J & J Snack Foods Corp. (NASDAQ:JJSF) to announce sales of $313.17 million for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for J & J Snack Foods’ earnings, with the lowest sales estimate coming in at $310.00 million and the highest estimate coming in at $315.50 million. J & J Snack Foods reported sales of $214.56 million in the same quarter last year, which indicates a positive year-over-year growth rate of 46%. The business is scheduled to issue its next earnings report after the market closes on Monday, July 26th.
On average, analysts expect that J & J Snack Foods will report full year sales of $1.12 billion for the current financial year. For the next year, analysts anticipate that the company will post sales of $1.22 billion, with estimates ranging from $1.19 billion to $1.24 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that follow J & J Snack Foods.
J & J Snack Foods (NASDAQ:JJSF) last announced its earnings results on Sunday, April 25th. The company reported $0.32 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.13 by $0.19. J & J Snack Foods had a net margin of 0.18% and a return on equity of 0.85%. The company had revenue of $256.18 million during the quarter, compared to the consensus estimate of $241.03 million. During the same period in the previous year, the firm posted $0.39 earnings per share. The company’s revenue was down 5.8% on a year-over-year basis.
Shares of NASDAQ JJSF traded down $1.86 during trading on Friday, reaching $164.64. The company had a trading volume of 1,997 shares, compared to its average volume of 83,693. J & J Snack Foods has a 52 week low of $115.00 and a 52 week high of $181.71. The stock has a market cap of $3.13 billion, a PE ratio of 1,850.21 and a beta of 0.58. The business’s 50 day moving average is $173.12.
The firm also recently declared a quarterly dividend, which was paid on Monday, July 12th. Investors of record on Monday, June 21st were paid a dividend of $0.633 per share. This represents a $2.53 dividend on an annualized basis and a dividend yield of 1.54%. This is an increase from J & J Snack Foods’s previous quarterly dividend of $0.58. The ex-dividend date of this dividend was Friday, June 18th. J & J Snack Foods’s payout ratio is 227.93%.
Several institutional investors and hedge funds have recently bought and sold shares of JJSF. Vantage Consulting Group Inc acquired a new position in J & J Snack Foods during the fourth quarter valued at approximately $29,000. IndexIQ Advisors LLC grew its holdings in J & J Snack Foods by 83.5% during the first quarter. IndexIQ Advisors LLC now owns 189 shares of the company’s stock valued at $30,000 after purchasing an additional 86 shares during the period. Rational Advisors LLC acquired a new position in J & J Snack Foods during the first quarter valued at approximately $162,000. Bruderman Asset Management LLC acquired a new position in J & J Snack Foods during the first quarter valued at approximately $206,000. Finally, Teacher Retirement System of Texas acquired a new position in J & J Snack Foods during the fourth quarter valued at approximately $215,000. 74.12% of the stock is owned by institutional investors and hedge funds.
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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