Jack in the Box Inc. (NASDAQ:JACK) Expected to Post Earnings of $1.75 Per Share

Wall Street analysts expect Jack in the Box Inc. (NASDAQ:JACK) to report earnings per share (EPS) of $1.75 for the current fiscal quarter, according to Zacks Investment Research. Eight analysts have provided estimates for Jack in the Box’s earnings. The lowest EPS estimate is $1.57 and the highest is $1.85. Jack in the Box reported earnings of $1.61 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 8.7%. The firm is expected to report its next earnings results on Wednesday, November 17th.

On average, analysts expect that Jack in the Box will report full year earnings of $7.20 per share for the current financial year, with EPS estimates ranging from $7.00 to $7.35. For the next fiscal year, analysts forecast that the company will post earnings of $7.27 per share, with EPS estimates ranging from $7.05 to $7.65. Zacks’ earnings per share calculations are an average based on a survey of research firms that cover Jack in the Box.

Jack in the Box (NASDAQ:JACK) last posted its earnings results on Tuesday, August 3rd. The restaurant operator reported $1.79 earnings per share for the quarter, beating analysts’ consensus estimates of $1.49 by $0.30. The company had revenue of $269.50 million for the quarter, compared to the consensus estimate of $258.89 million. Jack in the Box had a negative return on equity of 20.52% and a net margin of 14.69%. Jack in the Box’s revenue was up 11.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.37 earnings per share.

Several research analysts have weighed in on the stock. Wedbush dropped their price target on shares of Jack in the Box from $135.00 to $117.00 and set an “outperform” rating on the stock in a research note on Thursday, August 5th. TheStreet downgraded Jack in the Box from a “b” rating to a “c+” rating in a research report on Thursday, May 27th. Barclays reduced their price target on Jack in the Box from $129.00 to $127.00 and set an “equal weight” rating for the company in a research report on Wednesday, June 30th. Guggenheim began coverage on Jack in the Box in a research report on Monday, July 26th. They set a “buy” rating and a $135.00 price objective on the stock. Finally, Morgan Stanley lowered their target price on shares of Jack in the Box from $120.00 to $115.00 and set an “equal weight” rating on the stock in a research note on Thursday, August 5th. One analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, Jack in the Box currently has an average rating of “Buy” and an average target price of $119.22.

Shares of NASDAQ:JACK traded up $1.84 during trading on Wednesday, hitting $100.36. The company’s stock had a trading volume of 7,597 shares, compared to its average volume of 353,210. The company has a 50-day moving average of $104.85 and a 200-day moving average of $110.93. The firm has a market cap of $2.18 billion, a price-to-earnings ratio of 13.65, a P/E/G ratio of 0.82 and a beta of 1.81. Jack in the Box has a 12 month low of $77.69 and a 12 month high of $124.53.

The company also recently declared a quarterly dividend, which was paid on Friday, September 3rd. Shareholders of record on Wednesday, August 18th were given a dividend of $0.44 per share. The ex-dividend date of this dividend was Tuesday, August 17th. This represents a $1.76 dividend on an annualized basis and a yield of 1.75%. Jack in the Box’s dividend payout ratio is currently 37.85%.

In related news, CEO Darin S. Harris sold 524 shares of the stock in a transaction that occurred on Wednesday, June 23rd. The shares were sold at an average price of $121.50, for a total value of $63,666.00. Following the transaction, the chief executive officer now owns 22,780 shares in the company, valued at approximately $2,767,770. The sale was disclosed in a filing with the SEC, which is available through this link. 1.10% of the stock is currently owned by corporate insiders.

A number of large investors have recently bought and sold shares of the business. Securian Asset Management Inc increased its position in shares of Jack in the Box by 4.8% during the first quarter. Securian Asset Management Inc now owns 2,196 shares of the restaurant operator’s stock worth $241,000 after purchasing an additional 100 shares in the last quarter. Lazard Asset Management LLC grew its holdings in shares of Jack in the Box by 27.4% during the first quarter. Lazard Asset Management LLC now owns 576 shares of the restaurant operator’s stock worth $63,000 after buying an additional 124 shares in the last quarter. FinTrust Capital Advisors LLC lifted its stake in shares of Jack in the Box by 17.1% in the second quarter. FinTrust Capital Advisors LLC now owns 994 shares of the restaurant operator’s stock worth $111,000 after buying an additional 145 shares in the last quarter. MML Investors Services LLC boosted its holdings in shares of Jack in the Box by 6.4% during the 2nd quarter. MML Investors Services LLC now owns 2,629 shares of the restaurant operator’s stock worth $293,000 after purchasing an additional 158 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund boosted its stake in Jack in the Box by 2.5% during the second quarter. Oregon Public Employees Retirement Fund now owns 7,838 shares of the restaurant operator’s stock worth $873,000 after buying an additional 192 shares during the last quarter. Institutional investors own 99.06% of the company’s stock.

About Jack in the Box

Jack in the Box, Inc engages in operating and franchising a chain of quick-service and fast-casual restaurants. It operates through the Jack in the Box Restaurant segments. The Jack in the Box Restaurant segment offers a broad selection of distinctive products including burgers like Jumbo Jack burgers, and product lines such as Buttery Jack burgers including the Brunchfast menu.

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Earnings History and Estimates for Jack in the Box (NASDAQ:JACK)

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