Analysts expect J M Smucker Co (NYSE:SJM) to announce $1.89 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Five analysts have made estimates for J M Smucker’s earnings. The highest sales estimate is $1.90 billion and the lowest is $1.87 billion. J M Smucker posted sales of $1.90 billion during the same quarter last year, which suggests a negative year over year growth rate of 0.5%. The company is scheduled to issue its next earnings results before the market opens on Tuesday, August 27th.
According to Zacks, analysts expect that J M Smucker will report full-year sales of $7.89 billion for the current year, with estimates ranging from $7.85 billion to $7.92 billion. For the next year, analysts expect that the business will post sales of $8.03 billion, with estimates ranging from $7.90 billion to $8.10 billion. Zacks’ sales calculations are a mean average based on a survey of research firms that that provide coverage for J M Smucker.
J M Smucker (NYSE:SJM) last posted its quarterly earnings results on Thursday, June 6th. The company reported $2.08 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.97 by $0.11. The firm had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.94 billion. J M Smucker had a return on equity of 11.80% and a net margin of 6.56%. The business’s revenue was up 6.8% compared to the same quarter last year. During the same period last year, the company earned $1.93 earnings per share.
A number of research analysts have weighed in on SJM shares. Bank of America restated a “neutral” rating and issued a $107.00 price target on shares of J M Smucker in a research note on Friday, May 17th. ValuEngine downgraded J M Smucker from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st. Credit Suisse Group decreased their price target on J M Smucker from $120.00 to $114.00 and set a “neutral” rating for the company in a research note on Monday, July 22nd. TheStreet downgraded J M Smucker from a “b-” rating to a “c+” rating in a research note on Tuesday, August 6th. Finally, Morgan Stanley raised 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, June 7th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $115.44.
SJM stock traded up $0.56 during mid-day trading on Thursday, reaching $113.90. The company had a trading volume of 535,222 shares, compared to its average volume of 945,351. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.69 and a quick ratio of 0.31. The stock has a 50 day simple moving average of $114.27 and a two-hundred day simple moving average of $115.62. The company has a market capitalization of $13.26 billion, a price-to-earnings ratio of 13.74, a PEG ratio of 3.39 and a beta of 0.42. J M Smucker has a 52 week low of $91.32 and a 52 week high of $128.43.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Friday, August 16th will be given a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a dividend yield of 3.09%. This is a boost from J M Smucker’s previous quarterly dividend of $0.85. The ex-dividend date is Thursday, August 15th. J M Smucker’s dividend payout ratio (DPR) is presently 42.46%.
In other news, CEO Mark T. Smucker sold 2,200 shares of the firm’s stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $113.28, for a total value of $249,216.00. Following the completion of the sale, the chief executive officer now directly owns 140,975 shares of the company’s stock, valued at $15,969,648. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Mark R. Belgya sold 750 shares of the firm’s stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $113.28, for a total value of $84,960.00. Following the completion of the sale, the insider now directly owns 54,942 shares of the company’s stock, valued at $6,223,829.76. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 3,269 shares of company stock valued at $372,201. Insiders own 3.70% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Hodges Capital Management Inc. acquired a new stake in J M Smucker during the 1st quarter worth approximately $449,000. Kayne Anderson Rudnick Investment Management LLC grew its position in J M Smucker by 20.1% during the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 39,921 shares of the company’s stock worth $4,651,000 after acquiring an additional 6,691 shares during the last quarter. Commonwealth Equity Services LLC grew its position in J M Smucker by 2.2% during the 1st quarter. Commonwealth Equity Services LLC now owns 64,988 shares of the company’s stock worth $7,571,000 after acquiring an additional 1,400 shares during the last quarter. Cleararc Capital Inc. bought a new stake in J M Smucker during the 1st quarter worth $224,000. Finally, Quantinno Capital Management LP bought a new stake in J M Smucker during the 1st quarter worth $751,000. 78.01% of the stock is owned by institutional investors.
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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