Wall Street brokerages expect J M Smucker Co (NYSE:SJM) to post $2.05 billion in sales for the current fiscal quarter, Zacks reports. Six analysts have made estimates for J M Smucker’s earnings, with the highest sales estimate coming in at $2.09 billion and the lowest estimate coming in at $2.01 billion. J M Smucker reported sales of $1.92 billion in the same quarter last year, which indicates a positive year-over-year growth rate of 6.8%. The company is scheduled to report its next earnings report on Thursday, November 15th.
According to Zacks, analysts expect that J M Smucker will report full-year sales of $7.88 billion for the current financial year, with estimates ranging from $7.79 billion to $8.00 billion. For the next fiscal year, analysts expect that the business will post sales of $7.93 billion, with estimates ranging from $7.78 billion to $8.16 billion. Zacks’ sales averages are an average based on a survey of research firms that follow J M Smucker.
J M Smucker (NYSE:SJM) last posted its earnings results on Tuesday, August 21st. The company reported $1.78 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.76 by $0.02. The company had revenue of $1.91 billion during the quarter, compared to the consensus estimate of $1.95 billion. J M Smucker had a net margin of 17.91% and a return on equity of 12.20%. The company’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.96 earnings per share.
Several research firms recently issued reports on SJM. Susquehanna Bancshares set a $159.00 price objective on shares of J M Smucker and gave the stock a “buy” rating in a report on Saturday, June 9th. Barclays reaffirmed a “hold” rating on shares of J M Smucker in a report on Monday, June 11th. Credit Suisse Group upped their price objective on shares of J M Smucker from $90.00 to $95.00 and gave the stock an “underperform” rating in a report on Wednesday, June 27th. ValuEngine raised shares of J M Smucker from a “strong sell” rating to a “sell” rating in a report on Wednesday, June 27th. Finally, Zacks Investment Research downgraded shares of J M Smucker from a “hold” rating to a “strong sell” rating in a report on Friday, July 6th. Five equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company’s stock. J M Smucker currently has a consensus rating of “Hold” and a consensus price target of $120.62.
In related news, SVP Jeannette L. Knudsen sold 1,500 shares of the company’s stock in a transaction on Monday, September 10th. The shares were sold at an average price of $110.74, for a total transaction of $166,110.00. Following the completion of the transaction, the senior vice president now directly owns 26,224 shares in the company, valued at approximately $2,904,045.76. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Mark T. Smucker sold 2,500 shares of the company’s stock in a transaction on Monday, July 16th. The shares were sold at an average price of $111.02, for a total transaction of $277,550.00. Following the transaction, the insider now owns 121,179 shares of the company’s stock, valued at $13,453,292.58. The disclosure for this sale can be found here. 3.92% of the stock is owned by corporate insiders.
Large investors have recently added to or reduced their stakes in the stock. Clarus Wealth Advisors acquired a new position in J M Smucker during the 2nd quarter valued at $109,000. Moody Aldrich Partners LLC acquired a new position in shares of J M Smucker in the 2nd quarter valued at $115,111,000. CSat Investment Advisory L.P. acquired a new position in shares of J M Smucker in the 2nd quarter valued at $122,000. WealthTrust Fairport LLC acquired a new position in shares of J M Smucker in the 1st quarter valued at $143,000. Finally, Squar Milner Financial Services LLC acquired a new position in shares of J M Smucker in the 2nd quarter valued at $160,000. Hedge funds and other institutional investors own 82.77% of the company’s stock.
SJM stock traded up $1.26 during trading hours on Tuesday, hitting $102.95. The company’s stock had a trading volume of 1,306,507 shares, compared to its average volume of 1,210,641. The company has a quick ratio of 0.51, a current ratio of 1.17 and a debt-to-equity ratio of 0.78. The company has a market capitalization of $11.67 billion, a price-to-earnings ratio of 12.93, a P/E/G ratio of 1.87 and a beta of 0.53. J M Smucker has a 12 month low of $96.13 and a 12 month high of $133.38.
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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