J M Smucker Co (NYSE:SJM) Expected to Announce Earnings of $1.77 Per Share

Equities analysts expect J M Smucker Co (NYSE:SJM) to post $1.77 earnings per share for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for J M Smucker’s earnings. The highest EPS estimate is $1.88 and the lowest is $1.68. J M Smucker posted earnings per share of $1.78 during the same quarter last year, which indicates a negative year over year growth rate of 0.6%. The firm is expected to announce its next quarterly earnings report on Tuesday, August 20th.

According to Zacks, analysts expect that J M Smucker will report full year earnings of $8.50 per share for the current year, with EPS estimates ranging from $8.38 to $8.60. For the next fiscal year, analysts anticipate that the business will report earnings of $8.86 per share, with EPS estimates ranging from $8.66 to $9.00. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that that provide coverage for J M Smucker.

J M Smucker (NYSE:SJM) last announced its earnings results on Thursday, June 6th. The company reported $2.08 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.97 by $0.11. J M Smucker had a return on equity of 11.80% and a net margin of 6.56%. The firm had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.94 billion. During the same period in the previous year, the business earned $1.93 EPS. The firm’s revenue for the quarter was up 6.8% on a year-over-year basis.

Several research analysts recently weighed in on the company. Zacks Investment Research downgraded J M Smucker from a “buy” rating to a “hold” rating in a research note on Monday, May 20th. Bank of America reiterated a “neutral” rating and set a $107.00 price target on shares of J M Smucker in a research note on Friday, May 17th. Morgan Stanley boosted their price target on J M Smucker from $117.00 to $120.00 and gave the company an “equal weight” rating in a research note on Friday. Wells Fargo & Co boosted their price target on J M Smucker from $110.00 to $114.00 and gave the company a “market perform” rating in a research note on Friday. Finally, Credit Suisse Group upgraded J M Smucker from an “underperform” rating to a “neutral” rating and boosted their price target for the company from $96.00 to $120.00 in a research note on Monday, April 8th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the company. J M Smucker currently has an average rating of “Hold” and a consensus price target of $120.40.

In other J M Smucker news, SVP Jeannette L. Knudsen sold 1,932 shares of the business’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $102.86, for a total transaction of $198,725.52. Following the sale, the senior vice president now owns 24,292 shares in the company, valued at approximately $2,498,675.12. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 3.92% of the stock is currently owned by insiders.

A number of institutional investors have recently bought and sold shares of the business. Vanguard Group Inc grew its position in shares of J M Smucker by 2.2% during the 3rd quarter. Vanguard Group Inc now owns 13,334,759 shares of the company’s stock worth $1,368,280,000 after buying an additional 293,331 shares during the period. Quantamental Technologies LLC acquired a new stake in shares of J M Smucker during the 4th quarter worth approximately $28,000. First Manhattan Co. grew its position in shares of J M Smucker by 5.5% during the 4th quarter. First Manhattan Co. now owns 5,765 shares of the company’s stock worth $538,000 after buying an additional 300 shares during the period. Advisors Asset Management Inc. grew its position in shares of J M Smucker by 19.6% during the 4th quarter. Advisors Asset Management Inc. now owns 1,575 shares of the company’s stock worth $147,000 after buying an additional 258 shares during the period. Finally, Sigma Planning Corp bought a new position in shares of J M Smucker in the 4th quarter worth $465,000. Institutional investors and hedge funds own 78.05% of the company’s stock.

Shares of SJM stock opened at $124.53 on Thursday. J M Smucker has a 1-year low of $91.32 and a 1-year high of $128.43. The company has a current ratio of 0.69, a quick ratio of 0.44 and a debt-to-equity ratio of 0.59. The firm has a market cap of $14.16 billion, a P/E ratio of 15.02, a price-to-earnings-growth ratio of 2.85 and a beta of 0.53.

The company also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Shareholders of record on Friday, May 17th were paid a dividend of $0.85 per share. The ex-dividend date was Thursday, May 16th. This represents a $3.40 annualized dividend and a yield of 2.73%. J M Smucker’s payout ratio is presently 41.01%.

J M Smucker Company Profile

The J. M. Smucker Co engages in the manufacture and marketing of branded food and beverage products. It operates through the following segments: U.S. Retail Coffee, U.S. Retail Consumer Foods, U.S. Retail Pet Foods, and International and Away From Home. The U. S. Retail Coffee segment includes the domestic sales of Folgers, Dunkin Donuts, and Cafe Bustelo branded coffee.

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Earnings History and Estimates for J M Smucker (NYSE:SJM)

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