J M Smucker (NYSE:SJM) Announces Quarterly Earnings Results, Beats Expectations By $0.13 EPS

J M Smucker (NYSE:SJM) posted its quarterly earnings results on Friday. The company reported $2.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.13 by $0.13, RTT News reports. The business had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $1.97 billion. J M Smucker had a net margin of 6.95% and a return on equity of 11.49%. J M Smucker’s revenue was down 3.2% compared to the same quarter last year. During the same quarter last year, the firm posted $2.17 EPS. J M Smucker updated its FY20 guidance to $8.10-8.30 EPS.

NYSE SJM opened at $108.40 on Monday. The company has a fifty day moving average price of $106.74 and a 200-day moving average price of $113.73. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.70 and a quick ratio of 0.26. The firm has a market cap of $11.88 billion, a price-to-earnings ratio of 13.08, a PEG ratio of 3.51 and a beta of 0.41. J M Smucker has a 1 year low of $91.32 and a 1 year high of $128.43.

The company also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 15th will be paid a $0.88 dividend. The ex-dividend date is Thursday, November 14th. This represents a $3.52 annualized dividend and a dividend yield of 3.25%. J M Smucker’s payout ratio is 42.46%.

In other J M Smucker news, SVP Geoff E. Tanner acquired 1,000 shares of the company’s stock in a transaction on Thursday, August 29th. The shares were acquired at an average cost of $103.42 per share, with a total value of $103,420.00. Following the completion of the acquisition, the senior vice president now directly owns 14,063 shares in the company, valued at $1,454,395.46. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Mark R. Belgya sold 750 shares of the company’s stock in a transaction dated Monday, September 30th. The shares were sold at an average price of $110.00, for a total transaction of $82,500.00. Following the sale, the chief financial officer now directly owns 53,442 shares in the company, valued at $5,878,620. The disclosure for this sale can be found here. 3.70% of the stock is currently owned by insiders.

A number of analysts have commented on SJM shares. TheStreet lowered shares of J M Smucker from a “b-” rating to a “c+” rating in a research note on Tuesday, August 6th. Bank of America decreased their price target on shares of J M Smucker from $128.00 to $122.00 and set a “neutral” rating for the company in a research note on Wednesday, August 28th. Wells Fargo & Co restated a “market perform” rating and set a $107.00 price target (down previously from $114.00) on shares of J M Smucker in a research note on Wednesday, August 28th. Stifel Nicolaus decreased their price target on shares of J M Smucker from $120.00 to $110.00 and set a “hold” rating for the company in a research note on Wednesday, August 28th. Finally, Morgan Stanley decreased their price target on shares of J M Smucker from $120.00 to $109.00 and set an “equal weight” rating for the company in a research note on Thursday, November 14th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $110.60.

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 for J M Smucker (NYSE:SJM)

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