Zacks: Brokerages Expect Jack in the Box Inc. (JACK) to Post $0.90 Earnings Per Share

Analysts forecast that Jack in the Box Inc. (NASDAQ:JACK) will report earnings of $0.90 per share for the current fiscal quarter, according to Zacks Investment Research. Six analysts have issued estimates for Jack in the Box’s earnings, with estimates ranging from $0.79 to $1.01. Jack in the Box posted earnings of $0.98 per share in the same quarter last year, which would suggest a negative year over year growth rate of 8.2%. The business is scheduled to issue its next earnings report on Tuesday, May 15th.

On average, analysts expect that Jack in the Box will report full-year earnings of $4.03 per share for the current financial year, with EPS estimates ranging from $3.68 to $4.90. For the next fiscal year, analysts forecast that the business will report earnings of $4.90 per share, with EPS estimates ranging from $4.13 to $5.50. Zacks’ EPS calculations are a mean average based on a survey of research firms that follow Jack in the Box.

Jack in the Box (NASDAQ:JACK) last posted its quarterly earnings data on Wednesday, February 21st. The restaurant operator reported $1.23 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.17. The company had revenue of $294.50 million during the quarter, compared to analysts’ expectations of $284.37 million. Jack in the Box had a negative return on equity of 28.27% and a net margin of 8.20%. Jack in the Box’s revenue for the quarter was down 16.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.18 earnings per share.

Several research firms have recently weighed in on JACK. Cowen reaffirmed a “hold” rating and set a $94.00 price objective on shares of Jack in the Box in a research report on Friday, February 16th. Wedbush reaffirmed a “buy” rating and set a $115.00 price objective on shares of Jack in the Box in a research report on Thursday. BidaskClub raised Jack in the Box from a “strong sell” rating to a “sell” rating in a research report on Saturday, February 17th. Zacks Investment Research raised Jack in the Box from a “sell” rating to a “hold” rating in a research report on Tuesday, February 13th. Finally, OTR Global raised Jack in the Box to a “positive” rating in a research report on Wednesday, February 14th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and ten have assigned a buy rating to the company. Jack in the Box presently has an average rating of “Hold” and an average price target of $110.92.

In other news, VP Vanessa C. Fox sold 500 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $88.40, for a total value of $44,200.00. Following the completion of the sale, the vice president now directly owns 2,142 shares of the company’s stock, valued at $189,352.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Keith M. Guilbault sold 525 shares of the firm’s stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of $102.22, for a total value of $53,665.50. Following the completion of the sale, the insider now directly owns 17,110 shares of the company’s stock, valued at $1,748,984.20. The disclosure for this sale can be found here. Insiders have sold 26,171 shares of company stock valued at $2,631,128 over the last three months. Insiders own 2.60% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio lifted its position in shares of Jack in the Box by 1.4% in the second quarter. Public Employees Retirement System of Ohio now owns 2,188 shares of the restaurant operator’s stock valued at $216,000 after buying an additional 30 shares during the last quarter. Royal Bank of Canada lifted its position 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 buying an additional 105 shares during the last quarter. American International Group Inc. lifted its position in shares of Jack in the Box by 0.7% in the third quarter. American International Group Inc. now owns 79,718 shares of the restaurant operator’s stock valued at $8,125,000 after buying an additional 557 shares during the last quarter. Victory Capital Management Inc. lifted its position in shares of Jack in the Box by 36.5% in the third quarter. Victory Capital Management Inc. now owns 2,560 shares of the restaurant operator’s stock valued at $261,000 after buying an additional 685 shares during the last quarter. Finally, Pacer Advisors Inc. lifted its position in shares of Jack in the Box by 21.3% in the third quarter. Pacer Advisors Inc. now owns 4,037 shares of the restaurant operator’s stock valued at $411,000 after buying an additional 709 shares during the last quarter. 98.16% of the stock is owned by institutional investors.

Jack in the Box (NASDAQ:JACK) opened at $89.24 on Thursday. The company has a current ratio of 1.53, a quick ratio of 0.51 and a debt-to-equity ratio of -2.77. The firm has a market capitalization of $2,635.44, a PE ratio of 24.12, a PEG ratio of 1.65 and a beta of 0.42. Jack in the Box has a 52-week low of $79.30 and a 52-week high of $113.00.

The business also recently declared a quarterly dividend, which will be paid on Friday, March 16th. Investors of record on Monday, March 5th will be given a dividend of $0.40 per share. The ex-dividend date is Friday, March 2nd. This represents a $1.60 annualized dividend and a yield of 1.79%. Jack in the Box’s dividend payout ratio (DPR) is presently 43.24%.

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Jack in the Box Company Profile

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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Earnings History and Estimates for Jack in the Box (NASDAQ:JACK)

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