$1.06 EPS Expected for J&J Snack Foods Corp. (NASDAQ:JJSF) This Quarter

Analysts forecast that J&J Snack Foods Corp. (NASDAQ:JJSFGet Rating) will announce earnings of $1.06 per share for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for J&J Snack Foods’ earnings, with estimates ranging from $0.98 to $1.13. J&J Snack Foods reported earnings per share of $1.51 in the same quarter last year, which suggests a negative year-over-year growth rate of 29.8%. The business is scheduled to announce its next quarterly earnings results on Monday, January 1st.

On average, analysts expect that J&J Snack Foods will report full year earnings of $2.83 per share for the current year, with EPS estimates ranging from $2.60 to $3.05. For the next fiscal year, analysts forecast that the company will report earnings of $4.70 per share, with EPS estimates ranging from $4.40 to $5.00. Zacks’ EPS averages are a mean average based on a survey of research firms that cover J&J Snack Foods.

J&J Snack Foods (NASDAQ:JJSFGet Rating) last issued its earnings results on Monday, May 2nd. The company reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.48). J&J Snack Foods had a return on equity of 7.47% and a net margin of 4.98%. During the same period in the previous year, the business posted $0.32 earnings per share.

A number of research firms have weighed in on JJSF. TheStreet lowered J&J Snack Foods from a “b-” rating to a “c+” rating in a research note on Tuesday, March 29th. Zacks Investment Research lowered J&J Snack Foods from a “hold” rating to a “sell” rating in a research note on Friday, May 6th. Finally, StockNews.com began coverage on J&J Snack Foods in a research note on Thursday, March 31st. They set a “hold” rating for the company.

Several large investors have recently bought and sold shares of JJSF. Allspring Global Investments Holdings LLC acquired a new stake in shares of J&J Snack Foods during the 4th quarter valued at about $213,238,000. Norges Bank acquired a new stake in shares of J&J Snack Foods during the 4th quarter valued at about $20,166,000. Westwood Holdings Group Inc. grew its position in shares of J&J Snack Foods by 29.5% during the 4th quarter. Westwood Holdings Group Inc. now owns 553,399 shares of the company’s stock valued at $87,415,000 after acquiring an additional 126,131 shares during the period. BlackRock Inc. grew its position in shares of J&J Snack Foods by 3.9% during the 4th quarter. BlackRock Inc. now owns 2,285,347 shares of the company’s stock valued at $360,993,000 after acquiring an additional 86,718 shares during the period. Finally, Eaton Vance Management grew its position in shares of J&J Snack Foods by 67.2% during the 3rd quarter. Eaton Vance Management now owns 162,481 shares of the company’s stock valued at $24,652,000 after acquiring an additional 65,332 shares during the period. Hedge funds and other institutional investors own 76.80% of the company’s stock.

JJSF stock traded up $3.36 during midday trading on Monday, reaching $130.47. The stock had a trading volume of 109,993 shares, compared to its average volume of 93,398. The stock has a market cap of $2.50 billion, a PE ratio of 40.27 and a beta of 0.56. The firm has a fifty day simple moving average of $149.57 and a two-hundred day simple moving average of $151.77. J&J Snack Foods has a 52-week low of $121.67 and a 52-week high of $181.71.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 12th. Stockholders of record on Tuesday, March 22nd were given a dividend of $0.633 per share. This represents a $2.53 dividend on an annualized basis and a dividend yield of 1.94%. The ex-dividend date of this dividend was Monday, March 21st. J&J Snack Foods’s dividend payout ratio (DPR) is presently 78.09%.

J&J Snack Foods Company Profile (Get Rating)

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

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