Jack in the Box (NASDAQ:JACK) Releases FY 2024 Earnings Guidance

Jack in the Box (NASDAQ:JACK) issued an update on its FY 2024 earnings guidance on Tuesday morning. The company provided earnings per share guidance of 6.100-6.250 for the period, compared to the consensus earnings per share estimate of 6.300. The company issued revenue guidance of -. Jack in the Box also updated its FY24 guidance to $6.10 to $6.25 EPS.

Wall Street Analyst Weigh In

JACK has been the subject of several recent research reports. Piper Sandler cut their price objective on Jack in the Box from $81.00 to $67.00 and set a neutral rating for the company in a report on Wednesday, May 8th. The Goldman Sachs Group began coverage on Jack in the Box in a report on Thursday, June 13th. They set a sell rating and a $55.00 target price on the stock. Wedbush reiterated an outperform rating and set a $68.00 price target on shares of Jack in the Box in a research note on Tuesday, July 30th. Bank of America cut their price objective on Jack in the Box from $83.00 to $79.00 and set a buy rating on the stock in a research note on Wednesday, July 17th. Finally, Oppenheimer decreased their target price on Jack in the Box from $98.00 to $75.00 and set an outperform rating for the company in a research report on Wednesday, May 15th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of Hold and a consensus price target of $75.17.

Jack in the Box Stock Up 0.4 %

Jack in the Box stock traded up $0.21 on Tuesday, hitting $53.03. The company’s stock had a trading volume of 538,258 shares, compared to its average volume of 484,283. Jack in the Box has a one year low of $46.10 and a one year high of $96.82. The firm has a market cap of $1.03 billion, a P/E ratio of 9.34, a price-to-earnings-growth ratio of 0.76 and a beta of 1.91. The company has a fifty day moving average price of $53.33 and a 200-day moving average price of $61.83.

Jack in the Box (NASDAQ:JACK) last posted its quarterly earnings results on Tuesday, May 14th. The restaurant operator reported $1.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.43 by $0.03. The firm had revenue of $365.40 million during the quarter, compared to analyst estimates of $369.53 million. Jack in the Box had a net margin of 7.07% and a negative return on equity of 16.97%. The company’s quarterly revenue was down 7.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.47 earnings per share. Analysts anticipate that Jack in the Box will post 6.29 EPS for the current year.

Jack in the Box Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 25th. Shareholders of record on Thursday, June 6th were issued a dividend of $0.44 per share. The ex-dividend date was Thursday, June 6th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 3.32%. Jack in the Box’s payout ratio is presently 30.99%.

Insider Transactions at Jack in the Box

In other news, CEO Darin S. Harris sold 598 shares of the business’s stock in a transaction that occurred on Tuesday, June 25th. The stock was sold at an average price of $51.64, for a total value of $30,880.72. Following the transaction, the chief executive officer now directly owns 90,887 shares of the company’s stock, valued at approximately $4,693,404.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last quarter, insiders have sold 800 shares of company stock valued at $41,514. 1.60% of the stock is owned by insiders.

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.