Just Released: New Research on J & J Snack, JAKKS, Joe's, John B. Sanfilippo, and Johnson Outdoors
NEW YORK, December 11, 2014 /PRNewswire/ --
Moments ago, Realtime Equities released new analyst updates concerning several important developing situations. Realtime Equities is the leader in realtime news, commentary and analysis - proudly employing registered CFA® research staff and rigorous compliance procedures. The full research reports are being made available to the public for informational purposes only. To access our full PDF reports on a complementary basis, please visit the links below.
Today's update concerns the following companies:
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Full PDF Download Links (you may have to copy and paste the following links into your browser):
JJS Research Report: ( http://get.realtimeequities.com/pdf/?c=J%20%26%20J%20Snack%20Foods &d=11-Dec-2014&s=JJSF ),
JAKK Research Report: (http://get.realtimeequities.com/pdf/?c=JAKKS%20Pacific&d=11-Dec-2014&s=JAKK ),
JOEZ Research Report: (http://get.realtimeequities.com/pdf/?c=Joe%27s%20Jeans&d=11-Dec-2014&s=JOEZ ),
JBSS Research Report: (http://get.realtimeequities.com/pdf/?c=John%20B.%20Sanfilippo&d=11-Dec-2014&s=JBSS ),
JOUT Research Report: (http://get.realtimeequities.com/pdf/?c=Johnson%20Outdoors&d=11-Dec-2014&s=JOUT ).
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Analyst Update: Quarterly Earnings, Joint Ventures and Notifications
Reviewed by: Rohit Tuli, CFA ®
The US stock market on December 10, 2014 ended the day in red, led by a sharp decline in oil stocks amid the investor concerns about the global-economic slowdown. The Dow Jones industrial average fell 1.51%, the S&P 500 edged 1.64% lower, and the NASDAQ Composite declined 1.73%. The Oil price on Wednesday fell 4.5% to $60.94 a barrel, down 43% from this year's high after Organization of the Petroleum Exporting Countries (OPEC) reduced its forecasts for crude oil production in 2015 owing to the swelling supply from North America and other rising producers. The Asian stock markets ended the day on a mixed note with fresh concerns over slumping oil price and Greece's weak economy, which was offset by a strong rebound in Shanghai Composite Index. The European stocks renounced gains with the turnaround led by a slump in energy shares as oil prices extended their losses.
J & J Snack Foods Corp. (J & J Snack) reported that its Q4 FY 2014 net income increased to $22.2 million, or $1.18 per diluted share, in-line with the Thomson Reuters' average analyst estimates. Revenues increased 6.6% YoY to $253.5 million, slightly missing the analyst estimates of $256.23 million.
JAKKS Pacific, Inc. (JAKKS) entered into a joint venture with China-based Meisheng Culture & Creative Corp., Ltd for providing certain JAKKS licensed and non-licensed toys and consumer products into agreed upon territories of the People's Republic of China. The new JV will include a subsidiary in the Shanghai Free Trade Zone which is expected to sell, distribute and market these products.
Joe's Jeans Inc (Joe's) has received a notification letter from The NASDAQ Stock Market for not being in compliance with the exchange's "Bid Price Rule." The closing bid price per share of the Company's common stock has been below $1.00 per share for more than 30 consecutive trading days.
John B. Sanfilippo & Son, Inc.'s (John B. Sanfilippo) sales in the first quarter fiscal 2015 increased to $205.0 million from $176.7 million for Q1 FY 2014, primarily as a result of higher selling prices for its most major nut types. However, net income declined to $5.9 million from $6.8 million in the year ago period, weighed down by costs related to its Elgin office building repair project.
Johnson Outdoors Inc.'s (Johnson Outdoors) net loss for the fourth quarter fiscal 2014 narrowed down to $0.8 million, versus net loss of $3.5 million in Q4 FY 2013. Sales increased 9.8% YoY to $84.9 million on back of double-digit growth in both Marine Electronics and Outdoor Gear segments.
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Editor Note: This is not company news. We are an independent source and our views do not reflect the companies mentioned.
Compliance Procedure: Content is researched, written and reviewed on a best-effort basis. This document, article or report is prepared and authored by Realtime Equities, represented by Rohit Tuli, CFA®. An outsourced research services provider has only reviewed the information provided by Realtime Equities in this article or report according to the procedures outlined by Realtime Equities. Realtime Equities is not entitled to veto or interfere in the application of such procedures by the outsourced provider to the articles, documents or reports, as the case may be.
Further Resources: For more information about this release including editorial notes, compliance procedures and legal disclosures, please visit: http://www.realtimeequities.com/editors
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