J&J Snack Foods (NASDAQ:JJSF) Posts Quarterly Earnings Results, Misses Expectations By $0.34 EPS

J&J Snack Foods (NASDAQ:JJSF - Get Free Report) released its quarterly earnings data on Tuesday. The company reported $0.35 earnings per share for the quarter, missing analysts' consensus estimates of $0.69 by ($0.34), Zacks reports. J&J Snack Foods had a net margin of 5.31% and a return on equity of 9.84%. The company had revenue of $356.10 million for the quarter, compared to analyst estimates of $369.01 million. During the same period in the previous year, the firm posted $0.84 earnings per share. The firm's revenue for the quarter was down 1.0% compared to the same quarter last year.

J&J Snack Foods Stock Performance

JJSF traded up $0.47 during midday trading on Friday, reaching $116.21. 154,561 shares of the company were exchanged, compared to its average volume of 106,783. The stock has a market capitalization of $2.26 billion, a P/E ratio of 26.78 and a beta of 0.49. J&J Snack Foods has a one year low of $112.40 and a one year high of $180.80. The stock's 50-day simple moving average is $130.97 and its 200 day simple moving average is $144.85.

J&J Snack Foods Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 8th. Investors of record on Tuesday, March 18th were issued a $0.78 dividend. The ex-dividend date was Tuesday, March 18th. This represents a $3.12 dividend on an annualized basis and a yield of 2.68%. J&J Snack Foods's dividend payout ratio is presently 80.00%.

Wall Street Analysts Forecast Growth

JJSF has been the topic of several recent analyst reports. Jefferies Financial Group decreased their price target on J&J Snack Foods from $175.00 to $135.00 and set a "hold" rating on the stock in a research note on Tuesday, February 18th. Benchmark reduced their target price on shares of J&J Snack Foods from $165.00 to $150.00 and set a "buy" rating on the stock in a research note on Wednesday.

About J&J Snack Foods

J&J Snack Foods Corp. engages in the manufacturing of nutritional snack foods and distribution of frozen beverages to the food service and retail supermarket industries. It operates through the following segments: Food Service, Retail Supermarkets, and Frozen Beverages. The Food Service segment includes soft pretzels, frozen novelties, churros, handheld products, and baked goods.