Jack in the Box (JACK) Expected to Announce Earnings of $0.87 Per Share

Equities research analysts predict that Jack in the Box (NASDAQ:JACK) will post $0.87 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Six analysts have issued estimates for Jack in the Box’s earnings, with the highest EPS estimate coming in at $0.94 and the lowest estimate coming in at $0.80. Jack in the Box reported earnings per share of $0.99 in the same quarter last year, which indicates a negative year over year growth rate of 12.1%. The company is expected to issue its next earnings report on Wednesday, August 8th.

On average, analysts expect that Jack in the Box will report full-year earnings of $3.85 per share for the current financial year, with EPS estimates ranging from $3.70 to $3.92. For the next financial year, analysts anticipate that the firm will post earnings of $4.68 per share, with EPS estimates ranging from $4.30 to $5.06. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that that provide coverage for Jack in the Box.

Jack in the Box (NASDAQ:JACK) last issued its earnings results on Wednesday, May 16th. The restaurant operator reported $0.80 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.86 by ($0.06). Jack in the Box had a negative return on equity of 27.25% and a net margin of 10.50%. The firm had revenue of $209.80 million during the quarter, compared to the consensus estimate of $212.84 million. During the same period last year, the firm posted $0.98 earnings per share. The company’s revenue for the quarter was down 21.1% compared to the same quarter last year.

Several equities research analysts have recently issued reports on the company. SunTrust Banks lifted their target price on Jack in the Box to $100.00 and gave the stock a “buy” rating in a report on Friday, May 18th. Wedbush reaffirmed a “buy” rating and issued a $115.00 target price on shares of Jack in the Box in a report on Thursday, May 17th. UBS reduced their target price on Jack in the Box from $105.00 to $95.00 and set a “neutral” rating on the stock in a report on Thursday, April 26th. OTR Global cut Jack in the Box to a “positive” rating in a report on Monday, May 7th. Finally, ValuEngine cut Jack in the Box from a “hold” rating to a “sell” rating in a report on Friday, May 4th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $106.08.

In other Jack in the Box news, Director David Goebel sold 1,521 shares of the business’s stock in a transaction that occurred on Wednesday, May 23rd. The stock was sold at an average price of $81.71, for a total transaction of $124,280.91. Following the sale, the director now directly owns 20,181 shares of the company’s stock, valued at $1,648,989.51. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Vanessa C. Fox sold 610 shares of the business’s stock in a transaction that occurred on Friday, March 2nd. The stock was sold at an average price of $91.00, for a total value of $55,510.00. Following the sale, the vice president now directly owns 2,051 shares in the company, valued at $186,641. The disclosure for this sale can be found here. Insiders have sold 3,617 shares of company stock worth $305,625 over the last three months. 2.60% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of JACK. Meeder Asset Management Inc. increased its stake in Jack in the Box by 597.5% during the fourth quarter. Meeder Asset Management Inc. now owns 1,123 shares of the restaurant operator’s stock worth $110,000 after acquiring an additional 962 shares during the last quarter. Cerebellum GP LLC bought a new stake in Jack in the Box during the fourth quarter worth approximately $118,000. Alps Advisors Inc. bought a new stake in Jack in the Box during the fourth quarter worth approximately $218,000. Raymond James Financial Services Advisors Inc. purchased a new position in shares of Jack in the Box during the fourth quarter valued at approximately $224,000. Finally, Xact Kapitalforvaltning AB purchased a new position in shares of Jack in the Box during the fourth quarter valued at approximately $260,000. 98.20% of the stock is currently owned by institutional investors.

Shares of JACK stock traded down $0.65 during trading hours on Friday, hitting $81.98. The stock had a trading volume of 456,219 shares, compared to its average volume of 766,091. Jack in the Box has a one year low of $79.23 and a one year high of $110.21. The company has a current ratio of 0.87, a quick ratio of 0.85 and a debt-to-equity ratio of -2.09. The stock has a market capitalization of $2.34 billion, a price-to-earnings ratio of 21.13, a price-to-earnings-growth ratio of 1.55 and a beta of 0.43.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 11th. Shareholders of record on Tuesday, May 29th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, May 25th. This represents a $1.60 annualized dividend and a yield of 1.95%. Jack in the Box’s payout ratio is currently 41.24%.

About Jack in the Box

Jack in the Box Inc operates and franchises Jack in the Box quick-service restaurants and Qdoba Mexican Eats fast-casual restaurants primarily in the United States. As of October 01, 2017, it operated and franchised approximately 2,251 Jack in the Box restaurants in 21 states and Guam; and approximately 726 Qdoba Mexican Eats restaurants in 47 states, the District of Columbia, and Canada.

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

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