J. M. Smucker (NYSE:SJM) Releases FY 2027 Earnings Guidance

J. M. Smucker (NYSE:SJM) issued an update on its FY 2027 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of 9.750-10.250 for the period, compared to the consensus estimate of 8.380. The company issued revenue guidance of $8.7 billion-$8.8 billion, compared to the consensus revenue estimate of $9.1 billion.

J. M. Smucker Stock Down 1.6%

Shares of NYSE SJM opened at $101.88 on Tuesday. J. M. Smucker has a 1 year low of $88.25 and a 1 year high of $119.39. The firm’s 50 day moving average price is $98.03 and its 200 day moving average price is $101.68. The firm has a market cap of $10.87 billion, a P/E ratio of -8.64, a price-to-earnings-growth ratio of 6.99 and a beta of 0.27. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.35 and a current ratio of 0.84.

J. M. Smucker (NYSE:SJM) last announced its earnings results on Tuesday, June 9th. The company reported $2.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.65 by $0.12. J. M. Smucker had a negative net margin of 14.07% and a positive return on equity of 15.94%. The firm had revenue of $2.27 billion for the quarter, compared to analyst estimates of $2.26 billion. J. M. Smucker has set its FY 2027 guidance at 9.750-10.250 EPS. As a group, sell-side analysts anticipate that J. M. Smucker will post 9.03 earnings per share for the current year.

J. M. Smucker Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Friday, May 15th were issued a dividend of $1.10 per share. The ex-dividend date was Friday, May 15th. This represents a $4.40 annualized dividend and a dividend yield of 4.3%. J. M. Smucker’s payout ratio is presently -37.32%.

Analyst Ratings Changes

Several equities analysts recently weighed in on SJM shares. Bank of America upgraded shares of J. M. Smucker from a “neutral” rating to a “buy” rating and set a $130.00 target price on the stock in a report on Monday, February 23rd. TD Cowen reduced their target price on shares of J. M. Smucker from $124.00 to $113.00 and set a “hold” rating on the stock in a report on Thursday, March 19th. Morgan Stanley lifted their target price on shares of J. M. Smucker from $104.00 to $106.00 and gave the company an “equal weight” rating in a report on Friday. Stifel Nicolaus dropped their price target on shares of J. M. Smucker from $120.00 to $100.00 and set a “hold” rating on the stock in a research note on Tuesday, April 21st. Finally, Wall Street Zen downgraded shares of J. M. Smucker from a “buy” rating to a “hold” rating in a research note on Sunday, March 8th. Eleven equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $116.71.

Institutional Investors Weigh In On J. M. Smucker

Hedge funds and other institutional investors have recently modified their holdings of the stock. Garton & Associates Financial Advisors LLC acquired a new position in shares of J. M. Smucker in the 4th quarter valued at about $25,000. CYBER HORNET ETFs LLC acquired a new position in shares of J. M. Smucker in the 2nd quarter valued at about $27,000. MUFG Securities EMEA plc acquired a new position in shares of J. M. Smucker in the 2nd quarter valued at about $31,000. Los Angeles Capital Management LLC acquired a new position in shares of J. M. Smucker in the 4th quarter valued at about $46,000. Finally, Zions Bancorporation National Association UT boosted its holdings in shares of J. M. Smucker by 48.2% in the 4th quarter. Zions Bancorporation National Association UT now owns 529 shares of the company’s stock valued at $52,000 after buying an additional 172 shares during the period. Institutional investors own 81.66% of the company’s stock.

About J. M. Smucker

The J. M. Smucker Company is a diversified food and beverage manufacturer and marketer known for a portfolio of well-established consumer brands. The company’s main business activities include the production and distribution of fruit spreads, peanut butter, coffee and coffee filters, as well as pet food and pet snacks. Smucker’s core product lines serve both retail and foodservice customers through grocery chains, mass merchandisers, club stores, convenience outlets and e-commerce channels.

Among its leading brands are Smucker’s® fruit spreads, Jif® peanut butter, Folgers® and Dunkin’® coffees, and Café Bustelo® coffee.