Analysts expect J.M. Smucker Company (The) (NYSE:SJM) to report earnings per share (EPS) of $1.61 for the current fiscal quarter, according to Zacks. Six analysts have provided estimates for J.M. Smucker Company (The)’s earnings. The lowest EPS estimate is $1.59 and the highest is $1.66. J.M. Smucker Company (The) posted earnings of $1.86 per share in the same quarter last year, which indicates a negative year over year growth rate of 13.4%. The firm is scheduled to announce its next quarterly earnings results before the market opens on Thursday, August 24th.

According to Zacks, analysts expect that J.M. Smucker Company (The) will report full year earnings of $7.96 per share for the current fiscal year, with EPS estimates ranging from $7.88 to $8.03. For the next year, analysts expect that the business will post earnings of $8.47 per share, with EPS estimates ranging from $8.30 to $8.72. Zacks’ EPS averages are an average based on a survey of sell-side analysts that that provide coverage for J.M. Smucker Company (The).

J.M. Smucker Company (The) (NYSE:SJM) last issued its quarterly earnings data on Thursday, June 8th. The company reported $1.80 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.72 by $0.08. J.M. Smucker Company (The) had a return on equity of 12.63% and a net margin of 8.01%. The company had revenue of $1.78 billion during the quarter, compared to analyst estimates of $1.77 billion. During the same quarter in the previous year, the company posted $1.19 earnings per share. J.M. Smucker Company (The)’s revenue was down 1.3% compared to the same quarter last year.

A number of research analysts recently weighed in on SJM shares. Citigroup Inc. decreased their price target on shares of J.M. Smucker Company (The) from $161.00 to $155.00 and set a “buy” rating on the stock in a research note on Tuesday, May 9th. Jefferies Group LLC raised shares of J.M. Smucker Company (The) from a “hold” rating to a “buy” rating and raised their price target for the company from $130.00 to $140.00 in a research note on Friday, July 28th. Stephens lowered shares of J.M. Smucker Company (The) from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $165.00 to $125.00 in a research note on Wednesday, July 19th. Susquehanna Bancshares Inc set a $141.00 price target on shares of J.M. Smucker Company (The) and gave the company a “hold” rating in a research note on Wednesday, June 7th. Finally, Zacks Investment Research raised shares of J.M. Smucker Company (The) from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company’s stock. J.M. Smucker Company (The) currently has a consensus rating of “Hold” and a consensus price target of $132.82.

In other J.M. Smucker Company (The) news, SVP Jill R. Penrose sold 550 shares of the firm’s stock in a transaction that occurred on Wednesday, June 28th. The shares were sold at an average price of $120.09, for a total value of $66,049.50. Following the transaction, the senior vice president now directly owns 13,475 shares of the company’s stock, valued at approximately $1,618,212.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Steven Oakland sold 6,047 shares of the firm’s stock in a transaction that occurred on Thursday, June 22nd. The stock was sold at an average price of $122.00, for a total transaction of $737,734.00. Following the completion of the transaction, the insider now directly owns 47,667 shares in the company, valued at $5,815,374. The disclosure for this sale can be found here. Insiders sold a total of 16,030 shares of company stock worth $1,948,195 over the last three months. Corporate insiders own 3.50% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Cleararc Capital Inc. raised its position in J.M. Smucker Company (The) by 0.4% in the first quarter. Cleararc Capital Inc. now owns 2,849 shares of the company’s stock worth $373,000 after buying an additional 11 shares during the period. Schmidt P J Investment Management Inc. raised its position in J.M. Smucker Company (The) by 0.5% in the first quarter. Schmidt P J Investment Management Inc. now owns 2,411 shares of the company’s stock worth $316,000 after buying an additional 13 shares during the period. Folger Nolan Fleming Douglas Capital Management Inc. raised its position in J.M. Smucker Company (The) by 0.5% in the first quarter. Folger Nolan Fleming Douglas Capital Management Inc. now owns 5,078 shares of the company’s stock worth $666,000 after buying an additional 26 shares during the period. Gateway Investment Advisers LLC raised its position in J.M. Smucker Company (The) by 0.4% in the second quarter. Gateway Investment Advisers LLC now owns 7,168 shares of the company’s stock worth $848,000 after buying an additional 26 shares during the period. Finally, RiverPoint Capital Management LLC raised its position in J.M. Smucker Company (The) by 1.3% in the second quarter. RiverPoint Capital Management LLC now owns 2,310 shares of the company’s stock worth $273,000 after buying an additional 30 shares during the period. 75.47% of the stock is currently owned by institutional investors and hedge funds.

Shares of J.M. Smucker Company (SJM) traded up 0.59% during mid-day trading on Friday, hitting $121.72. The company had a trading volume of 129,228 shares. The company has a market capitalization of $13.81 billion, a price-to-earnings ratio of 23.87 and a beta of 0.62. J.M. Smucker Company has a 1-year low of $114.31 and a 1-year high of $156.23. The company has a 50-day moving average price of $119.31 and a 200-day moving average price of $129.04.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Friday, August 11th will be paid a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a yield of 2.56%. This is a positive change from J.M. Smucker Company (The)’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend is Wednesday, August 9th. J.M. Smucker Company (The)’s dividend payout ratio (DPR) is 58.82%.

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J.M. Smucker Company (The) Company Profile

The J. M. Smucker Company is a manufacturer and marketer of branded food and beverage products and pet food and pet snacks in North America. The Company’s segments include U.S. Retail Coffee, U.S. Retail Consumer Foods, U.S. Retail Pet Foods, and International and Foodservice. The Company’s U.S. retail market segments consist of the sale of branded food products to consumers through retail outlets in North America.

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

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