Brokerages Anticipate J M Smucker Co (SJM) Will Post Earnings of $1.97 Per Share

Analysts expect J M Smucker Co (NYSE:SJM) to post earnings of $1.97 per share for the current fiscal quarter, according to Zacks Investment Research. Six analysts have provided estimates for J M Smucker’s earnings. The highest EPS estimate is $2.06 and the lowest is $1.94. J M Smucker posted earnings of $1.93 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 2.1%. The firm is expected to announce its next quarterly earnings report on Thursday, June 6th.

On average, analysts expect that J M Smucker will report full-year earnings of $8.16 per share for the current financial year, with EPS estimates ranging from $8.13 to $8.20. For the next fiscal year, analysts forecast that the business will post earnings of $8.45 per share, with EPS estimates ranging from $8.38 to $8.60. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that that provide coverage for J M Smucker.

J M Smucker (NYSE:SJM) last announced its earnings results on Tuesday, February 26th. The company reported $2.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.03 by $0.23. J M Smucker had a net margin of 8.15% and a return on equity of 11.61%. The company had revenue of $2.01 billion during the quarter, compared to analyst estimates of $1.99 billion. During the same period in the previous year, the business earned $2.50 earnings per share. The firm’s quarterly revenue was up 5.7% compared to the same quarter last year.

Several research analysts recently issued reports on SJM shares. Zacks Investment Research lowered shares of J M Smucker from a “hold” rating to a “sell” rating in a research report on Monday, January 21st. Jefferies Financial Group reiterated a “buy” rating and issued a $125.00 target price on shares of J M Smucker in a research report on Friday, January 11th. ValuEngine lowered shares of J M Smucker from a “hold” rating to a “sell” rating in a research report on Wednesday, January 2nd. Guggenheim began coverage on shares of J M Smucker in a research report on Tuesday, January 22nd. They issued a “sell” rating and a $85.00 target price for the company. Finally, Argus began coverage on shares of J M Smucker in a research report on Monday, April 1st. They set a “hold” rating for the company. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the stock. J M Smucker currently has an average rating of “Hold” and a consensus target price of $116.09.

Shares of NYSE:SJM opened at $121.72 on Friday. J M Smucker has a 52-week low of $91.32 and a 52-week high of $121.94. The firm has a market capitalization of $13.79 billion, a P/E ratio of 15.29, a P/E/G ratio of 2.53 and a beta of 0.56. The company has a quick ratio of 0.44, a current ratio of 0.95 and a debt-to-equity ratio of 0.66.

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Friday, May 17th will be given a dividend of $0.85 per share. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $3.40 annualized dividend and a yield of 2.79%. J M Smucker’s payout ratio is 42.71%.

In other J M Smucker news, SVP Jeannette L. Knudsen sold 1,932 shares of the company’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $102.86, for a total transaction of $198,725.52. Following the completion of the sale, the senior vice president now directly owns 24,292 shares in the company, valued at $2,498,675.12. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 3.92% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. Howe & Rusling Inc. boosted its holdings in shares of J M Smucker by 218.3% during the fourth quarter. Howe & Rusling Inc. now owns 296 shares of the company’s stock worth $28,000 after purchasing an additional 203 shares during the period. Quantamental Technologies LLC purchased a new position in shares of J M Smucker during the 4th quarter worth $28,000. Pinnacle Bank purchased a new position in shares of J M Smucker during the 4th quarter worth $39,000. Meeder Asset Management Inc. purchased a new position in shares of J M Smucker during the 4th quarter worth $44,000. Finally, Private Capital Group LLC purchased a new position in shares of J M Smucker during the 4th quarter worth $50,000. Institutional investors own 77.98% of the company’s stock.

About J M Smucker

The J. M. Smucker Company manufactures and markets branded food and beverage products worldwide. It operates in four segments: U.S. Retail Coffee, U.S. Retail Consumer Foods, U.S. Retail Pet Foods, and International and Away From Home. The company primarily offers coffee, pet food and pet snacks, peanut butter, fruit spreads, shortening and oils, baking mixes and ready-to-spread frostings, frozen sandwiches, flour and baking ingredients, juices and beverages, and portion control products.

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