Brokerages expect J M Smucker Co (NYSE:SJM) to post sales of $1.79 billion for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have issued estimates for J M Smucker’s earnings. The highest sales estimate is $1.82 billion and the lowest is $1.76 billion. J M Smucker posted sales of $1.81 billion in the same quarter last year, which suggests a negative year-over-year growth rate of 1.1%. The business is expected to announce its next quarterly earnings report on Thursday, June 8th.
On average, analysts expect that J M Smucker will report full year sales of $1.79 billion for the current year, with estimates ranging from $7.36 billion to $7.43 billion. For the next fiscal year, analysts forecast that the business will post sales of $7.48 billion per share, with estimates ranging from $7.36 billion to $7.53 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that that provide coverage for J M Smucker.
J M Smucker (NYSE:SJM) last announced its quarterly earnings results on Friday, February 17th. The company reported $2.00 earnings per share for the quarter, meeting the consensus estimate of $2.00. The firm had revenue of $1.88 billion for the quarter, compared to analysts’ expectations of $1.92 billion. J M Smucker had a net margin of 9.63% and a return on equity of 12.41%. The company’s revenue was down 4.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.62 EPS.
A number of brokerages have issued reports on SJM. Zacks Investment Research raised J M Smucker from a “sell” rating to a “hold” rating in a research note on Monday, February 27th. Jefferies Group LLC reissued a “hold” rating and issued a $130.00 price target on shares of J M Smucker in a research note on Wednesday, April 26th. Sanford C. Bernstein lowered J M Smucker from a “market perform” rating to an “underperform” rating and decreased their price target for the stock from $147.00 to $130.00 in a research note on Tuesday, March 21st. Susquehanna Bancshares Inc reissued a “neutral” rating and issued a $132.00 price target (down from $135.00) on shares of J M Smucker in a research note on Tuesday, April 25th. Finally, Deutsche Bank AG began coverage on J M Smucker in a research note on Wednesday, February 15th. They issued a “hold” rating and a $145.00 price target on the stock. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $137.91.
In other news, Director Jay L. Henderson acquired 3,000 shares of J M Smucker stock in a transaction dated Tuesday, March 7th. The shares were acquired at an average cost of $139.87 per share, with a total value of $419,610.00. Following the purchase, the director now directly owns 3,000 shares of the company’s stock, valued at approximately $419,610. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 3.50% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in the stock. Schmidt P J Investment Management Inc. raised its position in J M Smucker by 0.5% in the first quarter. Schmidt P J Investment Management Inc. now owns 2,411 shares of the company’s stock valued at $316,000 after buying an additional 13 shares in the last quarter. Sii Investments Inc. WI raised its position in J M Smucker by 0.8% in the fourth quarter. Sii Investments Inc. WI now owns 1,849 shares of the company’s stock valued at $237,000 after buying an additional 14 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in J M Smucker by 0.4% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 6,675 shares of the company’s stock valued at $855,000 after buying an additional 26 shares in the last quarter. Bingham Osborn & Scarborough LLC raised its position in J M Smucker by 0.6% in the fourth quarter. Bingham Osborn & Scarborough LLC now owns 5,762 shares of the company’s stock valued at $738,000 after buying an additional 33 shares in the last quarter. Finally, Mn Services Vermogensbeheer B.V. raised its position in J M Smucker by 1.2% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 3,105 shares of the company’s stock valued at $381,000 after buying an additional 37 shares in the last quarter. 75.27% of the stock is currently owned by institutional investors and hedge funds.
Shares of J M Smucker (NYSE:SJM) traded up 0.38% on Wednesday, hitting $126.08. 694,931 shares of the stock traded hands. The firm’s 50 day moving average is $129.52 and its 200-day moving average is $131.78. The company has a market cap of $14.68 billion, a PE ratio of 21.95 and a beta of 0.54. J M Smucker has a 12 month low of $122.05 and a 12 month high of $157.31.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 1st. Stockholders of record on Friday, May 12th will be paid a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 2.38%. The ex-dividend date of this dividend is Wednesday, May 10th. J M Smucker’s dividend payout ratio is currently 48.86%.
J M Smucker Company Profile
The J. M. Smucker Company is a manufacturer and marketer of branded food and beverage products and pet food and pet snacks in North America. The Company’s segments include U.S. Retail Coffee, U.S. Retail Consumer Foods, U.S. Retail Pet Foods, and International and Foodservice. The Company’s U.S. retail market segments consist of the sale of branded food products to consumers through retail outlets in North America.
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