Trade Report: Today, Jamba, Inc. Forecasted to Earn FY2016 Earnings of $0.13 Per Share (JMBA)

Today, Jamba, Inc. Forecasted to Earn FY2016 Earnings of $0.13 Per Share (JMBA)

Jamba, Inc. (NASDAQ:JMBA) – Equities research analysts at Wedbush issued their FY2016 earnings per share estimates for Jamba in a research report issued on Tuesday. Wedbush analyst C. Radke anticipates that the brokerage will post earnings of $0.13 per share for the year. Wedbush currently has a “Neutral” rating on the stock. Wedbush also issued estimates for Jamba’s Q4 2016 earnings at ($0.04) EPS, Q1 2017 earnings at $0.03 EPS, Q2 2017 earnings at $0.19 EPS, Q3 2017 earnings at $0.20 EPS, Q4 2017 earnings at $0.13 EPS and FY2017 earnings at $0.55 EPS.

Jamba (NASDAQ:JMBA) last issued its quarterly earnings data on Friday, November 4th. The company reported $0.12 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.15 by $0.03. The firm earned $22.10 million during the quarter, compared to the consensus estimate of $21.94 million. Jamba had a negative net margin of 18.96% and a negative return on equity of 16.50%. The company’s revenue for the quarter was down 37.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.10 earnings per share.

Other equities analysts have also issued research reports about the stock. Zacks Investment Research lowered shares of Jamba from a “hold” rating to a “sell” rating in a research report on Tuesday, August 9th. TheStreet lowered shares of Jamba from a “hold” rating to a “sell” rating in a research report on Friday, August 5th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a $16.00 target price (up previously from $15.00) on shares of Jamba in a research report on Friday, August 5th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $16.00.

Shares of Jamba (NASDAQ:JMBA) opened at 10.29 on Thursday. Jamba has a 12 month low of $9.25 and a 12 month high of $14.22. The company has a 50-day moving average of $10.39 and a 200 day moving average of $10.74. The company’s market capitalization is $157.74 million.

Large investors have recently made changes to their positions in the stock. Wellington Management Group LLP raised its stake in shares of Jamba by 32.2% in the first quarter. Wellington Management Group LLP now owns 1,805,870 shares of the company’s stock valued at $22,321,000 after buying an additional 440,025 shares during the period. Morgan Stanley increased its stake in shares of Jamba by 1.9% in the third quarter. Morgan Stanley now owns 1,141,140 shares of the company’s stock valued at $12,461,000 after buying an additional 21,244 shares in the last quarter. Private Capital Management LLC increased its stake in shares of Jamba by 19.6% in the third quarter. Private Capital Management LLC now owns 764,178 shares of the company’s stock valued at $8,345,000 after buying an additional 125,223 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Jamba by 1.4% in the second quarter. Vanguard Group Inc. now owns 617,549 shares of the company’s stock valued at $6,354,000 after buying an additional 8,538 shares in the last quarter. Finally, Pax World Management LLC increased its stake in shares of Jamba by 20.0% in the second quarter. Pax World Management LLC now owns 579,307 shares of the company’s stock valued at $5,961,000 after buying an additional 96,380 shares in the last quarter. 94.22% of the stock is currently owned by hedge funds and other institutional investors.

In other Jamba news, CEO David Pace purchased 10,000 shares of the stock in a transaction on Wednesday, November 9th. The shares were purchased at an average price of $9.96 per share, with a total value of $99,600.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Rachel Phillips-Luther purchased 2,970 shares of the stock in a transaction on Friday, November 18th. The stock was acquired at an average cost of $10.10 per share, for a total transaction of $29,997.00. The disclosure for this purchase can be found here. 15.85% of the stock is currently owned by company insiders.

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