Brokerages Expect J & J Snack Foods Corp. (JJSF) Will Post Quarterly Sales of $281.15 Million

Equities analysts expect that J & J Snack Foods Corp. (NASDAQ:JJSF) will post sales of $281.15 million for the current quarter, Zacks reports. Two analysts have provided estimates for J & J Snack Foods Corp.’s earnings, with estimates ranging from $279.30 million to $283.00 million. J & J Snack Foods Corp. posted sales of $262.24 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 7.2%. The business is expected to issue its next earnings results on Thursday, November 2nd.

On average, analysts expect that J & J Snack Foods Corp. will report full year sales of $281.15 million for the current financial year. For the next financial year, analysts forecast that the company will report sales of $1.10 billion per share, with estimates ranging from $1.08 billion to $1.12 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that follow J & J Snack Foods Corp..

J & J Snack Foods Corp. (NASDAQ:JJSF) last released its quarterly earnings data on Monday, July 24th. The company reported $1.34 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.49 by ($0.15). J & J Snack Foods Corp. had a return on equity of 11.55% and a net margin of 7.33%. The firm had revenue of $295.40 million during the quarter, compared to analyst estimates of $297.83 million. During the same period last year, the business earned $1.43 EPS. The firm’s revenue was up 6.3% on a year-over-year basis.

Several equities research analysts have recently commented on JJSF shares. BidaskClub upgraded shares of J & J Snack Foods Corp. from a “sell” rating to a “hold” rating in a research note on Wednesday, June 14th. Zacks Investment Research upgraded shares of J & J Snack Foods Corp. from a “sell” rating to a “hold” rating in a research note on Wednesday, October 4th.

J & J Snack Foods Corp. (JJSF) traded down 0.83% during mid-day trading on Friday, hitting $130.76. 22,927 shares of the company were exchanged. The stock’s 50 day moving average is $128.16 and its 200-day moving average is $131.53. J & J Snack Foods Corp. has a 12-month low of $102.81 and a 12-month high of $143.21. The company has a market cap of $2.45 billion, a price-to-earnings ratio of 32.61 and a beta of 0.75.

J & J Snack Foods Corp. announced that its Board of Directors has approved a stock buyback plan on Friday, August 4th that permits the company to repurchase 500,000 outstanding shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 4th. Stockholders of record on Thursday, September 14th were paid a $0.42 dividend. The ex-dividend date was Wednesday, September 13th. This represents a $1.68 annualized dividend and a dividend yield of 1.27%. J & J Snack Foods Corp.’s dividend payout ratio is presently 41.90%.

Large investors have recently modified their holdings of the company. Acrospire Investment Management LLC acquired a new stake in shares of J & J Snack Foods Corp. in the 2nd quarter valued at $130,000. Tower Research Capital LLC TRC boosted its stake in shares of J & J Snack Foods Corp. by 158.8% in the 1st quarter. Tower Research Capital LLC TRC now owns 1,061 shares of the company’s stock valued at $144,000 after purchasing an additional 651 shares in the last quarter. Ameritas Investment Partners Inc. acquired a new stake in shares of J & J Snack Foods Corp. in the 1st quarter valued at $176,000. Harfst & Associates Inc. acquired a new stake in shares of J & J Snack Foods Corp. in the 1st quarter valued at $196,000. Finally, Riverhead Capital Management LLC boosted its stake in shares of J & J Snack Foods Corp. by 36.4% in the 2nd quarter. Riverhead Capital Management LLC now owns 1,500 shares of the company’s stock valued at $198,000 after purchasing an additional 400 shares in the last quarter. Institutional investors own 67.52% of the company’s stock.

TRADEMARK VIOLATION NOTICE: This story was originally posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this story on another domain, it was illegally copied and reposted in violation of U.S. and international trademark & copyright law. The correct version of this story can be read at https://ledgergazette.com/2017/10/09/brokerages-expect-j-j-snack-foods-corp-jjsf-will-post-quarterly-sales-of-281-15-million.html.

About J & J Snack Foods Corp.

J & J Snack Foods Corp. is a manufacturer, marketer and distributor of a range of snack foods and beverages for the food service and retail supermarket industries. The Company operates in three business segments: Food Service, Retail Supermarkets and Frozen Beverages. Its portfolio of products includes soft pretzels, frozen beverages, frozen juice treats and desserts, stuffed sandwiches, burritos, churros, fruit pies, funnel cakes, cookies and bakery goods, and other snack foods and drinks.

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On average, analysts expect that J & J Snack Foods Corp. will report full year sales of $281.15 million for the current financial year. For the next financial year, analysts forecast that the company will report sales of $1.10 billion per share, with estimates ranging from $1.08 billion to $1.12 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that follow J & J Snack Foods Corp..

J & J Snack Foods Corp. (NASDAQ:JJSF) last released its quarterly earnings data on Monday, July 24th. The company reported $1.34 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.49 by ($0.15). J & J Snack Foods Corp. had a return on equity of 11.55% and a net margin of 7.33%. The firm had revenue of $295.40 million during the quarter, compared to analyst estimates of $297.83 million. During the same period last year, the business earned $1.43 EPS. The firm’s revenue was up 6.3% on a year-over-year basis.

Several equities research analysts have recently commented on JJSF shares. BidaskClub upgraded shares of J & J Snack Foods Corp. from a “sell” rating to a “hold” rating in a research note on Wednesday, June 14th. Zacks Investment Research upgraded shares of J & J Snack Foods Corp. from a “sell” rating to a “hold” rating in a research note on Wednesday, October 4th.

J & J Snack Foods Corp. (JJSF) traded down 0.83% during mid-day trading on Friday, hitting $130.76. 22,927 shares of the company were exchanged. The stock’s 50 day moving average is $128.16 and its 200-day moving average is $131.53. J & J Snack Foods Corp. has a 12-month low of $102.81 and a 12-month high of $143.21. The company has a market cap of $2.45 billion, a price-to-earnings ratio of 32.61 and a beta of 0.75.

J & J Snack Foods Corp. announced that its Board of Directors has approved a stock buyback plan on Friday, August 4th that permits the company to repurchase 500,000 outstanding shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 4th. Stockholders of record on Thursday, September 14th were paid a $0.42 dividend. The ex-dividend date was Wednesday, September 13th. This represents a $1.68 annualized dividend and a dividend yield of 1.27%. J & J Snack Foods Corp.’s dividend payout ratio is presently 41.90%.

Large investors have recently modified their holdings of the company. Acrospire Investment Management LLC acquired a new stake in shares of J & J Snack Foods Corp. in the 2nd quarter valued at $130,000. Tower Research Capital LLC TRC boosted its stake in shares of J & J Snack Foods Corp. by 158.8% in the 1st quarter. Tower Research Capital LLC TRC now owns 1,061 shares of the company’s stock valued at $144,000 after purchasing an additional 651 shares in the last quarter. Ameritas Investment Partners Inc. acquired a new stake in shares of J & J Snack Foods Corp. in the 1st quarter valued at $176,000. Harfst & Associates Inc. acquired a new stake in shares of J & J Snack Foods Corp. in the 1st quarter valued at $196,000. Finally, Riverhead Capital Management LLC boosted its stake in shares of J & J Snack Foods Corp. by 36.4% in the 2nd quarter. Riverhead Capital Management LLC now owns 1,500 shares of the company’s stock valued at $198,000 after purchasing an additional 400 shares in the last quarter. Institutional investors own 67.52% of the company’s stock.

TRADEMARK VIOLATION NOTICE: This story was originally posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this story on another domain, it was illegally copied and reposted in violation of U.S. and international trademark & copyright law. The correct version of this story can be read at https://ledgergazette.com/2017/10/09/brokerages-expect-j-j-snack-foods-corp-jjsf-will-post-quarterly-sales-of-281-15-million.html.

About J & J Snack Foods Corp.

J & J Snack Foods Corp. is a manufacturer, marketer and distributor of a range of snack foods and beverages for the food service and retail supermarket industries. The Company operates in three business segments: Food Service, Retail Supermarkets and Frozen Beverages. Its portfolio of products includes soft pretzels, frozen beverages, frozen juice treats and desserts, stuffed sandwiches, burritos, churros, fruit pies, funnel cakes, cookies and bakery goods, and other snack foods and drinks.

Get a free copy of the Zacks research report on J & J Snack Foods Corp. (JJSF)

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

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