FY2023 EPS Estimates for The J. M. Smucker Company Lifted by William Blair (NYSE:SJM)

The J. M. Smucker Company (NYSE:SJMGet Rating) – Analysts at William Blair upped their FY2023 earnings estimates for shares of J. M. Smucker in a research note issued on Monday, November 21st. William Blair analyst J. Andersen now forecasts that the company will post earnings of $8.75 per share for the year, up from their previous forecast of $8.60. The consensus estimate for J. M. Smucker’s current full-year earnings is $8.66 per share. William Blair also issued estimates for J. M. Smucker’s FY2024 earnings at $9.80 EPS.

J. M. Smucker (NYSE:SJMGet Rating) last posted its quarterly earnings data on Monday, November 21st. The company reported $2.40 EPS for the quarter, topping the consensus estimate of $2.19 by $0.21. J. M. Smucker had a net margin of 7.01% and a return on equity of 11.31%. The firm had revenue of $2.21 billion during the quarter, compared to analyst estimates of $2.18 billion. During the same quarter in the previous year, the business posted $2.43 EPS. J. M. Smucker’s revenue was up 7.6% on a year-over-year basis.

Other analysts also recently issued reports about the stock. BNP Paribas initiated coverage on shares of J. M. Smucker in a report on Tuesday, November 15th. They set an “underperform” rating and a $138.00 price target on the stock. Exane BNP Paribas began coverage on shares of J. M. Smucker in a research report on Tuesday, November 15th. They set an “underperform” rating for the company. JPMorgan Chase & Co. raised their price objective on shares of J. M. Smucker from $153.00 to $158.00 and gave the stock a “neutral” rating in a research report on Tuesday. Deutsche Bank Aktiengesellschaft lifted their price target on shares of J. M. Smucker from $145.00 to $148.00 in a research report on Tuesday. Finally, Credit Suisse Group raised their price objective on shares of J. M. Smucker from $140.00 to $145.00 and gave the company a “neutral” rating in a research note on Wednesday, August 24th. Six investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $141.50.

J. M. Smucker Stock Up 0.2 %

NYSE:SJM opened at $149.47 on Wednesday. The firm has a market capitalization of $15.93 billion, a P/E ratio of 28.04, a PEG ratio of 6.22 and a beta of 0.25. J. M. Smucker has a 1-year low of $119.82 and a 1-year high of $152.16. The company’s fifty day moving average price is $143.62 and its 200-day moving average price is $136.64. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.09 and a quick ratio of 0.45.

Institutional Trading of J. M. Smucker

Several large investors have recently bought and sold shares of the company. Valmark Advisers Inc. boosted its stake in shares of J. M. Smucker by 2.9% during the 1st quarter. Valmark Advisers Inc. now owns 2,487 shares of the company’s stock valued at $337,000 after buying an additional 71 shares during the last quarter. Sawtooth Solutions LLC boosted its stake in shares of J. M. Smucker by 2.4% during the 3rd quarter. Sawtooth Solutions LLC now owns 3,012 shares of the company’s stock valued at $414,000 after buying an additional 72 shares during the last quarter. Kinneret Advisory LLC boosted its stake in shares of J. M. Smucker by 2.3% during the 1st quarter. Kinneret Advisory LLC now owns 3,302 shares of the company’s stock valued at $447,000 after buying an additional 74 shares during the last quarter. First National Trust Co boosted its stake in shares of J. M. Smucker by 3.4% during the 1st quarter. First National Trust Co now owns 2,271 shares of the company’s stock valued at $307,000 after buying an additional 75 shares during the last quarter. Finally, Jones Financial Companies Lllp boosted its stake in shares of J. M. Smucker by 63.9% during the 2nd quarter. Jones Financial Companies Lllp now owns 200 shares of the company’s stock valued at $26,000 after buying an additional 78 shares during the last quarter. Institutional investors and hedge funds own 79.56% of the company’s stock.

Insider Buying and Selling at J. M. Smucker

In other J. M. Smucker news, insider Jill R. Penrose sold 4,543 shares of the stock in a transaction that occurred on Wednesday, September 7th. The shares were sold at an average price of $140.83, for a total value of $639,790.69. Following the completion of the sale, the insider now owns 9,106 shares of the company’s stock, valued at $1,282,397.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.90% of the stock is owned by corporate insiders.

J. M. Smucker Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Friday, November 11th will be given a $1.02 dividend. This represents a $4.08 annualized dividend and a yield of 2.73%. The ex-dividend date of this dividend is Wednesday, November 9th. J. M. Smucker’s dividend payout ratio (DPR) is 76.55%.

J. M. Smucker Company Profile

(Get Rating)

The J. M. Smucker Company manufactures and markets branded food and beverage products worldwide. It operates in three segments: U.S. Retail Pet Foods, U.S. Retail Coffee, and U.S. Retail Consumer Foods. The company offers mainstream roast, ground, single serve, and premium coffee; peanut butter and specialty spreads; fruit spreads, shortening and oils, and frozen sandwiches and snacks; pet food and pet snacks; and foodservice hot beverage, foodservice portion control, and flour products, as well as dog and cat food, frozen handheld products, juices and beverages, and baking mixes and ingredients.

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Earnings History and Estimates for J. M. Smucker (NYSE:SJM)

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