J M Smucker Co (NYSE:SJM) Expected to Announce Earnings of $2.22 Per Share

Brokerages expect that J M Smucker Co (NYSE:SJM) will report earnings per share (EPS) of $2.22 for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for J M Smucker’s earnings, with estimates ranging from $2.19 to $2.25. J M Smucker posted earnings per share of $2.26 during the same quarter last year, which would indicate a negative year over year growth rate of 1.8%. The company is expected to report its next quarterly earnings results on Tuesday, February 25th.

On average, analysts expect that J M Smucker will report full year earnings of $8.15 per share for the current fiscal year, with EPS estimates ranging from $8.08 to $8.25. For the next fiscal year, analysts forecast that the firm will report earnings of $8.42 per share, with EPS estimates ranging from $8.29 to $8.50. Zacks’ EPS calculations are a mean average based on a survey of analysts that that provide coverage for J M Smucker.

J M Smucker (NYSE:SJM) last released its earnings results on Friday, November 22nd. The company reported $2.26 earnings per share for the quarter, beating analysts’ consensus estimates of $2.13 by $0.13. The company had revenue of $1.96 billion for the quarter, compared to analysts’ expectations of $1.97 billion. J M Smucker had a net margin of 7.30% and a return on equity of 11.60%. J M Smucker’s revenue for the quarter was down 3.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.17 EPS.

A number of brokerages have issued reports on SJM. Stifel Nicolaus reduced their price target on shares of J M Smucker from $120.00 to $110.00 and set a “hold” rating on the stock in a report on Wednesday, August 28th. ValuEngine upgraded shares of J M Smucker from a “strong sell” rating to a “sell” rating in a report on Thursday, October 10th. Credit Suisse Group downgraded shares of J M Smucker from a “neutral” rating to an “underperform” rating and reduced their price target for the company from $100.00 to $95.00 in a report on Wednesday, November 13th. Zacks Investment Research upgraded shares of J M Smucker from a “sell” rating to a “hold” rating and set a $110.00 price target on the stock in a report on Friday, November 15th. Finally, Guggenheim reduced their price target on shares of J M Smucker from $99.00 to $93.00 and set a “sell” rating on the stock in a report on Wednesday, August 28th. 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 presently has an average rating of “Hold” and a consensus target price of $112.20.

In other news, CFO Mark R. Belgya sold 750 shares of the business’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $110.00, for a total value of $82,500.00. Following the sale, the chief financial officer now directly owns 52,692 shares in the company, valued at approximately $5,796,120. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 3.70% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. 1 North Wealth Services LLC bought a new stake in shares of J M Smucker in the 3rd quarter worth about $28,000. Global Retirement Partners LLC increased its holdings in shares of J M Smucker by 87.5% in the 3rd quarter. Global Retirement Partners LLC now owns 255 shares of the company’s stock worth $28,000 after buying an additional 119 shares during the last quarter. Whitener Capital Management Inc. increased its holdings in shares of J M Smucker by 52.4% in the 2nd quarter. Whitener Capital Management Inc. now owns 291 shares of the company’s stock worth $33,000 after buying an additional 100 shares during the last quarter. Stonebridge Capital Advisors LLC bought a new stake in shares of J M Smucker in the 2nd quarter worth about $37,000. Finally, Whittier Trust Co. of Nevada Inc. bought a new stake in shares of J M Smucker in the 3rd quarter worth about $42,000. Hedge funds and other institutional investors own 78.01% of the company’s stock.

NYSE SJM traded down $1.96 on Thursday, reaching $102.47. The company had a trading volume of 984,616 shares, compared to its average volume of 930,848. The company has a quick ratio of 0.28, a current ratio of 0.72 and a debt-to-equity ratio of 0.58. The stock has a market capitalization of $12.15 billion, a PE ratio of 12.36, a price-to-earnings-growth ratio of 4.04 and a beta of 0.41. The firm’s 50 day moving average price is $106.28 and its 200 day moving average price is $111.71. J M Smucker has a 12 month low of $91.32 and a 12 month high of $128.43.

The firm also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Friday, November 15th were issued a $0.88 dividend. The ex-dividend date was Thursday, November 14th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 3.44%. J M Smucker’s dividend payout ratio (DPR) is presently 42.46%.

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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