Brokerages Anticipate J & J Snack Foods Corp (NASDAQ:JJSF) to Post $1.43 EPS

Wall Street analysts forecast that J & J Snack Foods Corp (NASDAQ:JJSF) will report earnings per share (EPS) of $1.43 for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for J & J Snack Foods’ earnings, with the lowest EPS estimate coming in at $1.41 and the highest estimate coming in at $1.44. J & J Snack Foods posted earnings of $1.22 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 17.2%. The firm is scheduled to report its next earnings results on Thursday, November 14th.

According to Zacks, analysts expect that J & J Snack Foods will report full year earnings of $4.98 per share for the current year, with EPS estimates ranging from $4.95 to $5.00. For the next fiscal year, analysts anticipate that the company will report earnings of $5.28 per share, with EPS estimates ranging from $5.26 to $5.30. Zacks’ EPS averages are an average based on a survey of research analysts that follow J & J Snack Foods.

J & J Snack Foods (NASDAQ:JJSF) last released its quarterly earnings results on Monday, July 29th. The company reported $1.63 EPS for the quarter, beating the Zacks’ consensus estimate of $1.55 by $0.08. J & J Snack Foods had a net margin of 7.84% and a return on equity of 11.65%. The company had revenue of $326.70 million for the quarter, compared to analyst estimates of $311.67 million. During the same quarter last year, the firm posted $1.39 earnings per share. The company’s quarterly revenue was up 6.7% compared to the same quarter last year.

A number of research firms have recently commented on JJSF. BidaskClub raised shares of J & J Snack Foods from a “sell” rating to a “hold” rating in a research report on Wednesday, July 24th. Zacks Investment Research raised shares of J & J Snack Foods from a “hold” rating to a “buy” rating and set a $208.00 price target on the stock in a research report on Friday.

Hedge funds have recently made changes to their positions in the stock. Steward Partners Investment Advisory LLC bought a new position in J & J Snack Foods during the second quarter worth $35,000. PNC Financial Services Group Inc. increased its position in J & J Snack Foods by 63.7% during the fourth quarter. PNC Financial Services Group Inc. now owns 578 shares of the company’s stock worth $84,000 after acquiring an additional 225 shares during the period. Quadrant Capital Group LLC increased its position in J & J Snack Foods by 2,348.4% during the first quarter. Quadrant Capital Group LLC now owns 759 shares of the company’s stock worth $118,000 after acquiring an additional 728 shares during the period. Advisor Group Inc. increased its position in J & J Snack Foods by 15.1% during the fourth quarter. Advisor Group Inc. now owns 1,050 shares of the company’s stock worth $152,000 after acquiring an additional 138 shares during the period. Finally, Huntington National Bank increased its position in J & J Snack Foods by 10.4% during the second quarter. Huntington National Bank now owns 968 shares of the company’s stock worth $156,000 after acquiring an additional 91 shares during the period. 73.60% of the stock is currently owned by institutional investors and hedge funds.

Shares of NASDAQ:JJSF traded up $0.83 during trading on Friday, reaching $182.12. The stock had a trading volume of 150,590 shares, compared to its average volume of 75,396. J & J Snack Foods has a 52 week low of $138.40 and a 52 week high of $191.37. The stock has a market capitalization of $3.50 billion, a price-to-earnings ratio of 44.86 and a beta of 0.39. The firm’s fifty day moving average is $164.86.

J & J Snack Foods Company Profile

J & J Snack Foods Corp. manufactures, markets, and distributes nutritional snack foods and beverages 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.

Recommended Story: What does a bar chart mean for investors?

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

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for J & J Snack Foods Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for J & J Snack Foods and related companies with MarketBeat.com's FREE daily email newsletter.