Wall Street brokerages expect Jack In The Box Inc. (NASDAQ:JACK) to post earnings of $0.92 per share for the current fiscal quarter, Zacks reports. Six analysts have issued estimates for Jack In The Box’s earnings, with the highest EPS estimate coming in at $0.98 and the lowest estimate coming in at $0.87. Jack In The Box posted earnings per share of $1.03 in the same quarter last year, which would suggest a negative year-over-year growth rate of 10.7%. The company is expected to report its next earnings results on Monday, November 20th.

On average, analysts expect that Jack In The Box will report full-year earnings of $4.07 per share for the current fiscal year, with EPS estimates ranging from $4.01 to $4.15. For the next year, analysts forecast that the business will post earnings of $4.87 per share, with EPS estimates ranging from $4.59 to $5.03. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research firms that follow Jack In The Box.

Jack In The Box (NASDAQ:JACK) last announced its quarterly earnings results on Wednesday, August 9th. The restaurant operator reported $0.99 EPS for the quarter, missing the Zacks’ consensus estimate of $1.05 by ($0.06). Jack In The Box had a net margin of 8.51% and a negative return on equity of 37.83%. The business had revenue of $357.80 million for the quarter, compared to the consensus estimate of $360.84 million. During the same quarter last year, the firm posted $1.07 EPS. The business’s revenue for the quarter was down 3.0% compared to the same quarter last year.

A number of analysts have issued reports on the company. Robert W. Baird reaffirmed a “buy” rating and set a $115.00 price objective on shares of Jack In The Box in a report on Tuesday, September 19th. Jefferies Group LLC reissued a “buy” rating and issued a $120.00 target price on shares of Jack In The Box in a report on Thursday, August 31st. Cowen and Company reissued a “neutral” rating and issued a $99.00 target price (down from $105.00) on shares of Jack In The Box in a research report on Friday, August 11th. Wedbush reissued a “buy” rating on shares of Jack In The Box in a research report on Friday, August 11th. Finally, TheStreet downgraded Jack In The Box from a “b-” rating to a “c” rating in a research note on Wednesday, August 9th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating to the company. Jack In The Box currently has an average rating of “Buy” and an average price target of $114.85.

Several institutional investors have recently added to or reduced their stakes in the stock. FNY Managed Accounts LLC acquired a new stake in Jack In The Box during the 1st quarter valued at $108,000. Royal Bank of Canada increased its position in Jack In The Box by 9.0% during the second quarter. Royal Bank of Canada now owns 1,274 shares of the restaurant operator’s stock worth $126,000 after buying an additional 105 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Jack In The Box by 61.1% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,585 shares of the restaurant operator’s stock worth $156,000 after buying an additional 601 shares in the last quarter. Victory Capital Management Inc. increased its position in Jack In The Box by 17.8% during the second quarter. Victory Capital Management Inc. now owns 1,875 shares of the restaurant operator’s stock worth $185,000 after buying an additional 283 shares in the last quarter. Finally, Riverhead Capital Management LLC increased its position in Jack In The Box by 61.3% during the second quarter. Riverhead Capital Management LLC now owns 2,097 shares of the restaurant operator’s stock worth $207,000 after buying an additional 797 shares in the last quarter. Institutional investors and hedge funds own 94.94% of the company’s stock.

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Jack In The Box (NASDAQ JACK) traded down 1.624% during midday trading on Monday, hitting $100.265. The stock had a trading volume of 179,338 shares. Jack In The Box has a 52 week low of $90.89 and a 52 week high of $113.30. The firm has a market cap of $2.95 billion, a price-to-earnings ratio of 23.135 and a beta of 0.58. The firm has a 50 day moving average of $95.12 and a 200 day moving average of $99.37.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 5th. Shareholders of record on Tuesday, August 22nd were given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.57%. The ex-dividend date of this dividend was Friday, August 18th. Jack In The Box’s payout ratio is 36.70%.

About Jack In The Box

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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