Equities research analysts predict that Jack in the Box Inc. (NASDAQ:JACK) will report $1.01 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Seven analysts have issued estimates for Jack in the Box’s earnings. The lowest EPS estimate is $0.91 and the highest is $1.21. Jack in the Box reported earnings of $1.00 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 1%. The firm is scheduled to announce its next earnings results on Wednesday, August 14th.
According to Zacks, analysts expect that Jack in the Box will report full-year earnings of $4.25 per share for the current fiscal year, with EPS estimates ranging from $4.08 to $4.55. For the next financial year, analysts expect that the firm will report earnings of $4.72 per share, with EPS estimates ranging from $4.41 to $5.21. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that follow Jack in the Box.
Jack in the Box (NASDAQ:JACK) last issued its quarterly earnings results on Wednesday, May 15th. The restaurant operator reported $0.99 EPS for the quarter, beating the consensus estimate of $0.93 by $0.06. Jack in the Box had a negative return on equity of 19.41% and a net margin of 13.85%. The firm had revenue of $215.73 million during the quarter, compared to analysts’ expectations of $217.99 million. During the same period in the prior year, the firm posted $0.80 earnings per share. The business’s quarterly revenue was up 2.8% compared to the same quarter last year.
JACK has been the subject of several recent research reports. Wells Fargo & Co reduced their price target on Jack in the Box from $96.00 to $95.00 and set an “outperform” rating for the company in a research report on Thursday, February 14th. Cowen reissued a “hold” rating and set a $81.00 price target on shares of Jack in the Box in a research report on Tuesday, February 19th. BidaskClub cut Jack in the Box from a “hold” rating to a “sell” rating in a research report on Tuesday, March 12th. Gordon Haskett raised Jack in the Box from a “hold” rating to a “buy” rating in a research report on Wednesday, March 27th. Finally, Wedbush reissued a “hold” rating and set a $85.00 price target on shares of Jack in the Box in a research report on Tuesday, April 9th. Seven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Jack in the Box currently has a consensus rating of “Buy” and an average price target of $92.50.
NASDAQ JACK traded down $0.01 during trading hours on Friday, hitting $85.64. 12,346 shares of the company traded hands, compared to its average volume of 793,368. Jack in the Box has a twelve month low of $74.19 and a twelve month high of $93.98. The stock has a market capitalization of $2.21 billion, a PE ratio of 22.51, a price-to-earnings-growth ratio of 1.61 and a beta of 0.38.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Wednesday, May 29th will be given a $0.40 dividend. The ex-dividend date of this dividend is Tuesday, May 28th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.87%. Jack in the Box’s payout ratio is 42.22%.
In other news, CFO Lance F. Tucker sold 517 shares of the firm’s stock in a transaction that occurred on Wednesday, April 3rd. The stock was sold at an average price of $81.26, for a total value of $42,011.42. Following the completion of the sale, the chief financial officer now directly owns 19,004 shares of the company’s stock, valued at $1,544,265.04. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Mark H. Blankenship sold 2,413 shares of the firm’s stock in a transaction that occurred on Tuesday, June 4th. The shares were sold at an average price of $83.69, for a total value of $201,943.97. Following the completion of the sale, the executive vice president now directly owns 27,097 shares of the company’s stock, valued at $2,267,747.93. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 4,034 shares of company stock valued at $333,516. Insiders own 2.30% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in JACK. JPMorgan Chase & Co. lifted its position in shares of Jack in the Box by 275.0% in the third quarter. JPMorgan Chase & Co. now owns 148,961 shares of the restaurant operator’s stock valued at $12,488,000 after buying an additional 109,235 shares during the last quarter. Strs Ohio lifted its holdings in Jack in the Box by 600.0% during the 4th quarter. Strs Ohio now owns 1,400 shares of the restaurant operator’s stock worth $108,000 after purchasing an additional 1,200 shares during the last quarter. Rhumbline Advisers lifted its holdings in Jack in the Box by 51.8% during the 4th quarter. Rhumbline Advisers now owns 87,534 shares of the restaurant operator’s stock worth $6,795,000 after purchasing an additional 29,854 shares during the last quarter. State Board of Administration of Florida Retirement System lifted its holdings in Jack in the Box by 14.7% during the 4th quarter. State Board of Administration of Florida Retirement System now owns 14,962 shares of the restaurant operator’s stock worth $1,162,000 after purchasing an additional 1,923 shares during the last quarter. Finally, Dupont Capital Management Corp acquired a new stake in Jack in the Box during the 4th quarter worth approximately $197,000. 95.52% of the stock is owned by institutional investors.
Jack in the Box Company Profile
Jack in the Box Inc operates and franchises Jack in the Box quick-service restaurants. As of March 19, 2019, it operated and franchised approximately 2,200 Jack in the Box restaurants in 21 states and Guam. The company was founded in 1951 and is headquartered in San Diego, California.
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