Brokerages expect that J & J Snack Foods Corp. (NASDAQ:JJSF) will report sales of $313.17 million for the current quarter, according to Zacks. 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 posted sales of $214.56 million in the same quarter last year, which suggests a positive year-over-year growth rate of 46%. The business is expected to report its next earnings report after the market closes on Monday, July 26th.
According to Zacks, analysts expect that J & J Snack Foods will report full-year sales of $1.12 billion for the current year. For the next financial year, analysts forecast that the business will post sales of $1.22 billion, with estimates ranging from $1.19 billion to $1.24 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that that provide coverage for J & J Snack Foods.
J & J Snack Foods (NASDAQ:JJSF) last posted its quarterly earnings data on Sunday, April 25th. The company reported $0.32 EPS for the quarter, topping the consensus estimate of $0.13 by $0.19. J & J Snack Foods had a return on equity of 0.85% and a net margin of 0.18%. The firm had revenue of $256.18 million for the quarter, compared to the consensus estimate of $241.03 million. During the same quarter last year, the company earned $0.39 earnings per share. The business’s revenue for the quarter was down 5.8% compared to the same quarter last year.
Shares of NASDAQ JJSF traded down $1.86 during trading on Friday, hitting $164.64. The company had a trading volume of 1,997 shares, compared to its average volume of 83,693. The company has a 50 day simple moving average of $173.12. The company has a market capitalization of $3.13 billion, a price-to-earnings ratio of 1,850.21 and a beta of 0.58. J & J Snack Foods has a 12 month low of $115.00 and a 12 month high of $181.71.
The firm also recently announced 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 annualized dividend and a yield of 1.54%. The ex-dividend date of this dividend was Friday, June 18th. This is an increase from J & J Snack Foods’s previous quarterly dividend of $0.58. J & J Snack Foods’s dividend payout ratio (DPR) is 227.93%.
A number of large investors have recently added to or reduced their stakes in the business. State of Alaska Department of Revenue increased its stake in J & J Snack Foods by 2.5% in the 2nd quarter. State of Alaska Department of Revenue now owns 10,403 shares of the company’s stock worth $1,814,000 after acquiring an additional 252 shares during the last quarter. Confluence Investment Management LLC boosted its holdings in shares of J & J Snack Foods by 0.8% in the 2nd quarter. Confluence Investment Management LLC now owns 40,014 shares of the company’s stock worth $6,979,000 after purchasing an additional 300 shares during the period. Principal Financial Group Inc. boosted its holdings in shares of J & J Snack Foods by 0.3% in the 1st quarter. Principal Financial Group Inc. now owns 105,016 shares of the company’s stock worth $16,491,000 after purchasing an additional 271 shares during the period. Paloma Partners Management Co purchased a new position in shares of J & J Snack Foods in the 1st quarter worth approximately $292,000. Finally, Millennium Management LLC boosted its holdings in shares of J & J Snack Foods by 1.8% in the 1st quarter. Millennium Management LLC now owns 86,418 shares of the company’s stock worth $13,570,000 after purchasing an additional 1,520 shares during the period. 74.12% of the stock is currently 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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