183.56 0.00 (0.00%)
After hours: 4:39PM EST
|Bid||183.05 x 3000|
|Ask||183.56 x 800|
|Day's Range||181.52 - 183.98|
|52 Week Range||146.84 - 187.42|
|Beta (3Y Monthly)||0.19|
|PE Ratio (TTM)||26.93|
|Earnings Date||Jan 28, 2019 - Feb 1, 2019|
|Forward Dividend & Yield||4.64 (2.50%)|
|1y Target Est||192.37|
For the fourth quarter, analysts expect Jack in the Box (JACK) to post an EPS of $0.85, which represents 16.0% growth from $0.73 in the fourth quarter of 2017. The EPS growth will likely be driven by the expanded EBIT (earnings before interest and tax) margin, lower effective tax rate, and share repurchases. Due to the enactment of tax reforms, Jack in the Box’s effective tax rate is expected to fall from 37.8% in the fourth quarter of 2017 to 28.3%.
Analysts expect Jack in the Box (JACK) to post revenues of $176.0 million in the fourth quarter, which represents a fall of 24.2% from $232.13 million in the fourth quarter of 2017. Refranchising company-owned restaurants will likely lower Jack in the Box’s revenues. In the last three quarters, Jack in the Box has refranchised 127 restaurants, which increased the ownership of franchised restaurants to 93.5%.
Nike Inc. is opening is latest retail experience, Nike NYC, on Thursday on Manhattan's Fifth Avenue. The shop offers benefits and features like the Speed Shop, which offers locals swift access to popular items and the ability to pick up items that NikePlus members reserve on the Nike app, personal service in the Nike Expert Studio, and a customized visit based on app in-store features. On Tuesday, Nike announced that Craig Williams has been named president of the Jordan brand. Williams joins from Coca-Cola Co. where he was senior vice president and president of the McDonald's division where he was responsible for growing the strategic partnership with the fast-food giant . He succeeds Larry Miller, who will become chairman of the new Jordan brand advisory board. Nike shares have gained 17.7% for the year so far while the Dow Jones Industrial Average is up 1% for the period.
Jack in the Box (JACK) is scheduled to report its fourth-quarter earnings after the market closes on November 19. In the third quarter, Jack in the Box posted an adjusted EPS of $1.0 on revenues of $188.0 million. The company beat analysts’ EPS expectation of $0.88 and the revenue estimate of $184 million. Jack in the Box’s systemwide SSSG (same-store sales growth) returned to positive territory after posting a negative SSSG for the last five quarters.
The European Union may open a probe into Facebook’s (FB) tax deals with Ireland, according to Politico. Probes into the tax affairs of several American multinationals have resulted in huge fines in Europe. A probe into Apple’s tax deals with Ireland resulted in the company being ordered to pay around $15 billion in back taxes. And last year, Amazon (AMZN) was ordered to pay nearly $300 million in back taxes to Luxembourg, following a European Commission probe that faulted Amazon’s tax arrangement with Luxembourg. Both Apple and Amazon deny wrongdoing.
When the bears have you feeling down, consumer staples can lend some much-needed stability and strength to your portfolio.
If you had 100 shares of MCD stock in 2006, you would have approximately $43,330 today if you opted for Chipotle stock and $18,433 if you decided not to exchange your 100 shares of the Golden Arches. After surging 69% year-to-date through Nov. 12, Chipotle stock appears ready to deliver a second straight double-digit annual return in 2019.
Can McDonald’s Maintain Its Upward Momentum? Of the 31 analysts that follow McDonald’s (MCD), 74.2% favor a “buy” rating as of November 12, while the remaining 25.8% favor a “hold” rating. None of the analysts favored a “sell” recommendation.
While the rest of the stock market is faltering, restaurant stocks have managed to stay impressively resilient. The S&P 500 dropped meaningfully in October, and currently sits more than 5% off its trailing three-month high. But, the Invesco Dynamic Food & Beverage ETF (OTCMKTS:PBJ) currently sits right around trailing three-month highs, while many individual restaurant stocks are making fresh new all time highs.
The recent volatility in the markets has been fairly rough on many stocks. But not Starbucks (NASDAQ:SBUX). It’s as if the company is in another universe! Since early October, SBUX stock has gone from $57 to $68.
Can McDonald’s Maintain Its Upward Momentum? For the next four quarters, analysts expect McDonald’s (MCD) to post adjusted EPS of $8.01, which represents growth of 5.5% from $7.59 in the corresponding four quarters of the previous year. The expansion of net margins and share repurchases are expected to drive the company’s EPS, while the decline in revenue could partially offset some of the growth in EPS.
Can McDonald’s Maintain Its Upward Momentum? For the next four quarters, analysts are expecting McDonald’s (MCD) to post revenue of $20.75 billion, which represents a fall of 2.1% from $21.20 billion in the corresponding four quarters of the previous year. Strategic refranchising of company-owned restaurants is expected to lower the company’s revenue in the next four quarters.
Risk markets continue to deliver mixed messages to traders and market participants. The latest price action suggests more downside -- but first -- with a possible bounce to the 2750 level in the S&P 500, says Yahoo Finance's Jared Blikre, who breaks it down with Jen Rogers and Myles Udland.