Wall Street analysts expect Jack In The Box Inc. (NASDAQ:JACK) to post earnings per share (EPS) of $0.92 for the current quarter, Zacks Investment Research reports. Six analysts have made estimates for Jack In The Box’s earnings. The lowest EPS estimate is $0.87 and the highest is $0.98. Jack In The Box reported earnings per share of $1.03 during the same quarter last year, which would suggest a negative year over year growth rate of 10.7%. The company is scheduled to announce its next quarterly earnings results on Monday, November 20th.
According to Zacks, analysts expect that Jack In The Box will report full-year earnings of $4.07 per share for the current fiscal year, with EPS estimates ranging from $4.01 to $4.15. For the next fiscal year, analysts anticipate that the firm will report earnings of $4.87 per share, with EPS estimates ranging from $4.59 to $5.03. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Jack In The Box.
Jack In The Box (NASDAQ:JACK) last released its earnings results on Wednesday, August 9th. The restaurant operator reported $0.99 EPS for the quarter, missing the consensus estimate of $1.05 by ($0.06). Jack In The Box had a net margin of 8.51% and a negative return on equity of 37.83%. The business had revenue of $357.80 million for the quarter, compared to analyst estimates of $360.84 million. During the same period in the prior year, the company earned $1.07 earnings per share. The firm’s revenue for the quarter was down 3.0% on a year-over-year basis.
A number of research analysts have weighed in on the stock. Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating and issued a $125.00 price target on shares of Jack In The Box in a research note on Monday, June 5th. Morgan Stanley reaffirmed an “overweight” rating and issued a $126.00 price target on shares of Jack In The Box in a research note on Tuesday, June 6th. Wells Fargo & Company raised shares of Jack In The Box from a “market perform” rating to an “outperform” rating and set a $125.00 price target on the stock in a research note on Friday, June 2nd. Bank of America Corporation reaffirmed a “buy” rating and issued a $118.00 price target (down previously from $120.00) on shares of Jack In The Box in a research note on Tuesday, June 13th. Finally, TheStreet raised shares of Jack In The Box from a “c+” rating to a “b-” rating in a research note on Thursday, June 15th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have issued a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $114.85.
Several hedge funds have recently added to or reduced their stakes in JACK. FNY Managed Accounts LLC acquired a new position in shares of Jack In The Box in the first quarter valued at about $108,000. Glen Harbor Capital Management LLC grew its stake in shares of Jack In The Box by 1.4% in the first quarter. Glen Harbor Capital Management LLC now owns 1,152 shares of the restaurant operator’s stock valued at $117,000 after acquiring an additional 16 shares in the last quarter. Royal Bank of Canada grew its stake in shares of Jack In The Box by 9.0% in the second quarter. Royal Bank of Canada now owns 1,274 shares of the restaurant operator’s stock valued at $126,000 after acquiring an additional 105 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Jack In The Box by 61.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,585 shares of the restaurant operator’s stock valued at $156,000 after acquiring an additional 601 shares in the last quarter. Finally, Tyers Asset Management LLC grew its stake in shares of Jack In The Box by 1.4% in the first quarter. Tyers Asset Management LLC now owns 1,584 shares of the restaurant operator’s stock valued at $161,000 after acquiring an additional 22 shares in the last quarter. Institutional investors and hedge funds own 94.95% of the company’s stock.
Shares of Jack In The Box (NASDAQ JACK) traded down 0.16% during midday trading on Wednesday, hitting $96.47. 771,665 shares of the company traded hands. Jack In The Box has a 12-month low of $90.89 and a 12-month high of $113.30. The stock has a market capitalization of $2.84 billion, a P/E ratio of 22.26 and a beta of 0.59. The stock’s 50-day moving average is $94.88 and its 200 day moving average is $99.27.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 5th. Shareholders of record on Tuesday, August 22nd were issued a $0.40 dividend. The ex-dividend date was Friday, August 18th. This represents a $1.60 annualized dividend and a dividend yield of 1.66%. Jack In The Box’s dividend payout ratio is currently 36.70%.
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About Jack In The Box
Jack in the Box Inc operates and franchises Jack in the Box quick-service restaurants (QSRs) and Qdoba Mexican Eats (Qdoba) fast-casual restaurants. The Company operates in two segments: Jack in the Box and Qdoba restaurant operations. Qdoba is a fast-casual Mexican food brand in the United States, offering food items including burritos, tacos, salads, and quesadillas.
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