J M Smucker Co (SJM) Expected to Announce Earnings of $2.03 Per Share

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Equities analysts expect J M Smucker Co (NYSE:SJM) to post $2.03 earnings per share for the current quarter, Zacks Investment Research reports. Six analysts have provided estimates for J M Smucker’s earnings. The highest EPS estimate is $2.05 and the lowest is $2.00. J M Smucker posted earnings per share of $2.50 during the same quarter last year, which indicates a negative year over year growth rate of 18.8%. The firm is expected to announce its next quarterly earnings report before the market opens on Tuesday, February 26th.

According to Zacks, analysts expect that J M Smucker will report full year earnings of $8.02 per share for the current year, with EPS estimates ranging from $7.98 to $8.10. For the next fiscal year, analysts anticipate that the business will report earnings of $8.35 per share, with EPS estimates ranging from $8.06 to $8.56. Zacks Investment Research’s 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 quarterly earnings data on Wednesday, November 28th. The company reported $2.17 EPS for the quarter, missing the consensus estimate of $2.29 by ($0.12). The firm had revenue of $2.02 billion for the quarter, compared to analysts’ expectations of $2.05 billion. J M Smucker had a return on equity of 12.03% and a net margin of 17.59%. The company’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.02 earnings per share.

Several analysts have issued reports on SJM shares. Barclays reaffirmed a “hold” rating and set a $103.00 target price on shares of J M Smucker in a research report on Sunday, December 2nd. Zacks Investment Research reaffirmed a “sell” rating on shares of J M Smucker in a research report on Monday, December 31st. Jefferies Financial Group reaffirmed a “buy” rating and set a $125.00 target price on shares of J M Smucker in a research report on Friday, January 11th. ValuEngine raised J M Smucker from a “sell” rating to a “hold” rating in a research report on Thursday, December 13th. Finally, Credit Suisse Group raised J M Smucker to a “hold” rating and set a $94.00 target price on the stock in a research report on Thursday, November 29th. Six analysts have rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $116.85.

In other J M Smucker news, Chairman Richard K. Smucker acquired 20,000 shares of the stock in a transaction dated Friday, November 30th. The stock was purchased at an average price of $103.09 per share, with a total value of $2,061,800.00. Following the transaction, the chairman now directly owns 681,387 shares of the company’s stock, valued at $70,244,185.83. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Timothy P. Smucker acquired 11,000 shares of the stock in a transaction dated Wednesday, December 19th. The stock was acquired at an average cost of $98.26 per share, with a total value of $1,080,860.00. Following the transaction, the director now directly owns 579,652 shares in the company, valued at $56,956,605.52. The disclosure for this purchase can be found here. Insiders bought a total of 32,000 shares of company stock valued at $3,234,860 in the last three months. Insiders own 3.92% of the company’s stock.

Several institutional investors have recently bought and sold shares of the company. Vanguard Group Inc lifted its position in J M Smucker by 2.2% during the 3rd quarter. Vanguard Group Inc now owns 13,334,759 shares of the company’s stock worth $1,368,280,000 after acquiring an additional 293,331 shares during the period. BlackRock Inc. lifted its position in J M Smucker by 7.4% during the 4th quarter. BlackRock Inc. now owns 10,239,722 shares of the company’s stock worth $957,309,000 after acquiring an additional 708,976 shares during the period. Oregon Public Employees Retirement Fund lifted its position in J M Smucker by 12,668.0% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 5,351,461 shares of the company’s stock worth $57,000 after acquiring an additional 5,309,548 shares during the period. Dimensional Fund Advisors LP lifted its position in J M Smucker by 0.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,778,851 shares of the company’s stock worth $182,524,000 after acquiring an additional 14,884 shares during the period. Finally, Wells Fargo & Company MN lifted its position in J M Smucker by 6.2% during the 3rd quarter. Wells Fargo & Company MN now owns 1,430,581 shares of the company’s stock worth $146,792,000 after acquiring an additional 83,093 shares during the period. 82.81% of the stock is owned by hedge funds and other institutional investors.

SJM opened at $103.34 on Tuesday. The company has a current ratio of 1.25, a quick ratio of 0.57 and a debt-to-equity ratio of 0.73. The firm has a market cap of $11.83 billion, a price-to-earnings ratio of 12.98, a PEG ratio of 2.17 and a beta of 0.56. J M Smucker has a 52 week low of $91.32 and a 52 week high of $133.38.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 1st. Stockholders of record on Friday, February 15th will be given a $0.85 dividend. The ex-dividend date is Thursday, February 14th. This represents a $3.40 dividend on an annualized basis and a dividend yield of 3.29%. J M Smucker’s payout ratio is 42.71%.

J M Smucker Company Profile

The J. M. Smucker Company manufactures and markets branded food and beverage products worldwide. It operates in four segments: U.S. Retail Coffee, U.S. Retail Consumer Foods, U.S. Retail Pet Foods, and International and Away From Home. The company primarily offers coffee, pet food and pet snacks, peanut butter, fruit spreads, shortening and oils, baking mixes and ready-to-spread frostings, frozen sandwiches, flour and baking ingredients, juices and beverages, and portion control products.

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