John B. Sanfilippo & Son (NASDAQ:JBSS) Posts Quarterly Earnings Results, Misses Estimates By $0.42 EPS

Key Points

• John B. Sanfilippo & Son reported quarterly EPS of $1.11, missing the $1.53 analyst consensus by $0.42. Revenue was $288.14 million, below estimates of $306.92 million.
• The stock fell 1.1% to $66.34 following the results. The company posted a 5.27% net margin and 16.51% return on equity.
• Analyst opinions remain mixed, but the stock carries a “Moderate Buy” consensus rating with an average price target of $100, well above its current price.

John B. Sanfilippo & Son (NASDAQ:JBSS - Get Free Report) released its quarterly earnings data on Wednesday. The company reported $1.11 EPS for the quarter, missing analysts' consensus estimates of $1.53 by ($0.42), FiscalAI reports. The firm had revenue of $288.14 million during the quarter, compared to the consensus estimate of $306.92 million. John B. Sanfilippo & Son had a net margin of 5.27% and a return on equity of 16.51%.

John B. Sanfilippo & Son Stock Down 1.1%

NASDAQ JBSS traded down $0.77 on Wednesday, reaching $66.34. The company had a trading volume of 97,965 shares, compared to its average volume of 106,981. The company's fifty day moving average is $69.84 and its 200-day moving average is $77.18. The firm has a market capitalization of $775.51 million, a price-to-earnings ratio of 12.61 and a beta of 0.32. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.62 and a current ratio of 2.08. John B. Sanfilippo & Son has a 1-year low of $59.07 and a 1-year high of $92.08.

Wall Street Analyst Weigh In

A number of research firms have issued reports on JBSS. Freedom Capital raised John B. Sanfilippo & Son from a "hold" rating to a "strong-buy" rating in a research note on Thursday, August 20th. Wall Street Zen lowered John B. Sanfilippo & Son from a "buy" rating to a "hold" rating in a research report on Saturday, August 8th. Zacks Research cut John B. Sanfilippo & Son from a "hold" rating to a "strong sell" rating in a report on Thursday, October 1st. Freedom Broker upgraded John B. Sanfilippo & Son from a "hold" rating to a "buy" rating and decreased their price objective for the company from $95.00 to $91.00 in a research report on Thursday, August 20th. Finally, BWS Financial reissued a "buy" rating and set a $109.00 target price on shares of John B. Sanfilippo & Son in a research note on Wednesday, September 30th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, John B. Sanfilippo & Son has an average rating of "Moderate Buy" and an average target price of $100.00.

John B. Sanfilippo & Son Company Profile

John B. Sanfilippo & Son, Inc is a food company that processes, packages and distributes nuts and related snack products. Its product portfolio includes peanuts, tree nuts, seeds, snack mixes, nut butters and other snack foods sold through grocery, mass merchandise, club, convenience and foodservice channels.

The company markets products under brands including Fisher, Orchard Valley Harvest and Sunshine Country, while also producing private-label products for retailers and other customers.

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