Jack in the Box (JACK) Set to Announce Quarterly Earnings on Tuesday

Jack in the Box (NASDAQ:JACK) will be announcing its earnings results before the market opens on Tuesday, May 14th. Analysts expect the company to announce earnings of $1.47 per share for the quarter. Jack in the Box has set its FY 2024 guidance at 6.250-6.500 EPS.Parties interested in registering for the company’s conference call can do so using this link.

Jack in the Box (NASDAQ:JACK) last announced its earnings results on Wednesday, February 21st. The restaurant operator reported $1.95 earnings per share for the quarter, meeting the consensus estimate of $1.95. Jack in the Box had a net margin of 7.03% and a negative return on equity of 17.24%. The business had revenue of $487.50 million during the quarter, compared to the consensus estimate of $480.76 million. During the same period in the prior year, the firm earned $2.01 earnings per share. The business’s quarterly revenue was down 7.5% compared to the same quarter last year. On average, analysts expect Jack in the Box to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Jack in the Box Price Performance

Jack in the Box stock opened at $54.91 on Tuesday. Jack in the Box has a 12-month low of $53.71 and a 12-month high of $99.56. The company has a market capitalization of $1.08 billion, a price-to-earnings ratio of 9.71, a price-to-earnings-growth ratio of 0.67 and a beta of 1.81. The firm’s fifty day moving average price is $65.74 and its 200 day moving average price is $71.47.

Jack in the Box Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Friday, March 15th were paid a dividend of $0.44 per share. The ex-dividend date was Thursday, March 14th. This represents a $1.76 annualized dividend and a dividend yield of 3.21%. Jack in the Box’s dividend payout ratio is presently 30.93%.

Insider Activity

In related news, Director Michael W. Murphy sold 1,332 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $72.58, for a total value of $96,676.56. Following the sale, the director now owns 71,035 shares of the company’s stock, valued at approximately $5,155,720.30. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 1.60% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on JACK shares. TD Cowen reissued a “hold” rating and issued a $82.00 price target on shares of Jack in the Box in a report on Wednesday, April 10th. Oppenheimer reissued an “outperform” rating and set a $98.00 price target on shares of Jack in the Box in a research report on Thursday, February 22nd. Morgan Stanley dropped their price target on shares of Jack in the Box from $80.00 to $75.00 and set an “equal weight” rating for the company in a research note on Friday, April 12th. Northcoast Research upgraded shares of Jack in the Box from a “neutral” rating to a “buy” rating and set a $95.00 price objective on the stock in a research note on Monday, January 29th. Finally, Wedbush raised shares of Jack in the Box from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $79.00 to $88.00 in a report on Thursday, March 14th. Ten investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $86.67.

Jack in the Box Company Profile

Jack in the Box Inc operates and franchises Jack in the Box and Del Taco quick-service restaurants in the United States. The company was founded in 1951 and is headquartered in San Diego, California.