Analysts Expect J M Smucker Co (NYSE:SJM) Will Announce Earnings of $1.76 Per Share

Equities analysts expect J M Smucker Co (NYSE:SJM) to report $1.76 earnings per share for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for J M Smucker’s earnings, with the highest EPS estimate coming in at $1.80 and the lowest estimate coming in at $1.68. J M Smucker posted earnings per share of $1.78 during the same quarter last year, which would indicate a negative year-over-year growth rate of 1.1%. The business is expected to announce its next earnings results on Tuesday, August 20th.

According to Zacks, analysts expect that J M Smucker will report full year earnings of $8.53 per share for the current fiscal year, with EPS estimates ranging from $8.49 to $8.60. For the next financial year, analysts forecast that the business will post earnings of $8.88 per share, with EPS estimates ranging from $8.67 to $9.00. Zacks’ EPS calculations are an average based on a survey of sell-side research analysts that cover J M Smucker.

J M Smucker (NYSE:SJM) last released its quarterly earnings data on Thursday, June 6th. The company reported $2.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.97 by $0.11. J M Smucker had a net margin of 6.56% and a return on equity of 11.80%. The business had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.94 billion. During the same quarter in the previous year, the business earned $1.93 EPS. J M Smucker’s quarterly revenue was up 6.8% compared to the same quarter last year.

Several research firms recently issued reports on SJM. Zacks Investment Research raised shares of J M Smucker from a “hold” rating to a “buy” rating and set a $137.00 price objective for the company in a research note on Thursday, May 2nd. Credit Suisse Group upgraded shares of J M Smucker from an “underperform” rating to a “neutral” rating and lifted their target price for the stock from $96.00 to $120.00 in a report on Monday, April 8th. Morgan Stanley upgraded shares of J M Smucker from an “underweight” rating to an “equal weight” rating and lifted their target price for the stock from $104.00 to $117.00 in a report on Thursday, April 18th. Argus initiated coverage on shares of J M Smucker in a report on Monday, April 1st. They issued a “hold” rating on the stock. Finally, ValuEngine upgraded shares of J M Smucker from a “sell” rating to a “hold” rating in a report on Thursday, March 21st. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $116.11.

SJM stock opened at $115.19 on Friday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.31 and a current ratio of 0.69. J M Smucker has a 1 year low of $91.32 and a 1 year high of $128.43. The firm has a fifty day simple moving average of $123.89. The firm has a market cap of $13.30 billion, a price-to-earnings ratio of 13.90, a PEG ratio of 3.40 and a beta of 0.53.

The company also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Friday, May 17th were issued a $0.85 dividend. The ex-dividend date was Thursday, May 16th. This represents a $3.40 annualized dividend and a yield of 2.95%. J M Smucker’s dividend payout ratio (DPR) is presently 41.01%.

In related news, insider Joseph Stanziano sold 319 shares of J M Smucker stock in a transaction on Wednesday, June 26th. The shares were sold at an average price of $119.20, for a total value of $38,024.80. Following the transaction, the insider now owns 14,857 shares in the company, valued at approximately $1,770,954.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 3.92% of the company’s stock.

Several large investors have recently bought and sold shares of the company. Vanguard Group Inc increased its holdings 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 purchasing an additional 293,331 shares during the period. BlackRock Inc. increased its stake in J M Smucker by 7.4% in the fourth quarter. BlackRock Inc. now owns 10,239,722 shares of the company’s stock valued at $957,309,000 after acquiring an additional 708,976 shares during the period. Bank of America Corp DE increased its stake in J M Smucker by 312.2% in the fourth quarter. Bank of America Corp DE now owns 4,351,714 shares of the company’s stock valued at $406,843,000 after acquiring an additional 3,295,923 shares during the period. LSV Asset Management increased its stake in J M Smucker by 51.7% in the first quarter. LSV Asset Management now owns 3,823,806 shares of the company’s stock valued at $445,473,000 after acquiring an additional 1,303,090 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in J M Smucker by 0.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,792,424 shares of the company’s stock valued at $167,581,000 after acquiring an additional 13,573 shares during the period. Institutional investors own 78.02% of the company’s stock.

About J M Smucker

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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