J. M. Smucker (NYSE:SJM) Announces Quarterly Earnings Results, Beats Estimates By $0.27 EPS

J. M. Smucker (NYSE:SJM) issued its quarterly earnings results on Tuesday. The company reported $2.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.49 by $0.27, Briefing.com reports. J. M. Smucker had a return on equity of 14.22% and a net margin of 8.77%. The business had revenue of $2.27 billion during the quarter, compared to analyst estimates of $2.27 billion. During the same quarter in the prior year, the business posted $2.59 EPS. J. M. Smucker’s revenue for the quarter was up 17.2% compared to the same quarter last year. J. M. Smucker updated its FY 2025 guidance to 9.700-10.100 EPS and its FY25 guidance to $9.70-10.10 EPS.

J. M. Smucker Stock Performance

Shares of NYSE:SJM opened at $113.65 on Tuesday. The company has a current ratio of 0.55, a quick ratio of 0.25 and a debt-to-equity ratio of 0.87. The company has a market capitalization of $12.09 billion, a price-to-earnings ratio of 16.07, a PEG ratio of 3.18 and a beta of 0.25. J. M. Smucker has a 12 month low of $105.69 and a 12 month high of $134.62. The firm’s 50-day moving average is $116.42 and its 200 day moving average is $115.55.

J. M. Smucker Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 15th will be paid a dividend of $1.08 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $4.32 dividend on an annualized basis and a dividend yield of 3.80%. J. M. Smucker’s dividend payout ratio is presently 61.10%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on SJM shares. Citigroup reduced their target price on J. M. Smucker from $138.00 to $136.00 and set a “buy” rating on the stock in a report on Thursday, August 29th. Bank of America cut their price target on J. M. Smucker from $130.00 to $122.00 and set a “neutral” rating for the company in a report on Thursday, August 29th. TD Cowen decreased their price objective on J. M. Smucker from $135.00 to $132.00 and set a “buy” rating on the stock in a report on Thursday, August 29th. DA Davidson reiterated a “neutral” rating and set a $121.00 target price on shares of J. M. Smucker in a research report on Thursday, August 29th. Finally, Wells Fargo & Company reduced their price target on shares of J. M. Smucker from $140.00 to $130.00 and set an “overweight” rating on the stock in a research report on Thursday, August 29th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, J. M. Smucker presently has an average rating of “Hold” and a consensus price target of $127.09.

About J. M. Smucker

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, toppings, and syrups; jelly products; nut mix products; shortening and oils; 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.