Analysts expect J M Smucker Co (NYSE:SJM) to post sales of $1.88 billion for the current quarter, according to Zacks Investment Research. Five analysts have issued estimates for J M Smucker’s earnings. The lowest sales estimate is $1.87 billion and the highest is $1.90 billion. J M Smucker reported sales of $1.90 billion during the same quarter last year, which would suggest a negative year over year growth rate of 1.1%. The business is scheduled to issue its next earnings report on Tuesday, August 20th.
According to Zacks, analysts expect that J M Smucker will report full year sales of $7.91 billion for the current year, with estimates ranging from $7.88 billion to $7.92 billion. For the next year, analysts anticipate that the business will report sales of $8.03 billion, with estimates ranging from $7.90 billion to $8.07 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that follow J M Smucker.
J M Smucker (NYSE:SJM) last posted its quarterly earnings data on Thursday, June 6th. The company reported $2.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $1.94 billion. During the same quarter last year, the company posted $1.93 earnings per share. The firm’s quarterly revenue was up 6.8% compared to the same quarter last year.
A number of research firms recently issued reports on SJM. Jefferies Financial Group set a $125.00 price objective on shares of J M Smucker and gave the stock a “buy” rating in a report on Tuesday, February 26th. Zacks Investment Research upgraded shares of J M Smucker from a “hold” rating to a “buy” rating and set a $137.00 target price for the company in a research report on Thursday, May 2nd. Morgan Stanley increased their target price on shares of J M Smucker from $98.00 to $104.00 and gave the stock an “underweight” rating in a research report on Wednesday, February 27th. Credit Suisse Group upgraded shares of J M Smucker from an “underperform” rating to a “neutral” rating and increased their target price for the stock from $96.00 to $120.00 in a research report on Monday, April 8th. Finally, Argus started coverage on shares of J M Smucker in a research report on Monday, April 1st. They set a “hold” rating for the company. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $116.11.
NYSE SJM traded down $0.20 during trading hours on Friday, reaching $123.31. 502,776 shares of the company were exchanged, compared to its average volume of 811,916. J M Smucker has a 1 year low of $91.32 and a 1 year high of $128.43. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.31 and a current ratio of 0.69. The company has a market capitalization of $14.05 billion, a PE ratio of 14.87, a price-to-earnings-growth ratio of 3.59 and a beta of 0.53.
The company also recently disclosed a quarterly dividend, which was paid on Monday, June 3rd. Stockholders of record on Friday, May 17th were given a $0.85 dividend. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $3.40 dividend on an annualized basis and a dividend yield of 2.76%. J M Smucker’s dividend payout ratio (DPR) is currently 41.01%.
Hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc increased its holdings in J M Smucker by 2.2% in the third quarter. Vanguard Group Inc now owns 13,334,759 shares of the company’s stock valued at $1,368,280,000 after buying an additional 293,331 shares during the last quarter. Quantamental Technologies LLC bought a new stake in J M Smucker in the fourth quarter valued at about $28,000. Advisors Asset Management Inc. increased its holdings in J M Smucker by 19.6% in the fourth quarter. Advisors Asset Management Inc. now owns 1,575 shares of the company’s stock valued at $147,000 after buying an additional 258 shares during the last quarter. Sigma Planning Corp bought a new stake in J M Smucker in the fourth quarter valued at about $465,000. Finally, Crossmark Global Holdings Inc. increased its holdings in J M Smucker by 13.3% in the fourth quarter. Crossmark Global Holdings Inc. now owns 13,826 shares of the company’s stock valued at $1,293,000 after buying an additional 1,628 shares during the last quarter. Institutional investors own 78.06% 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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