Brokerages Expect J M Smucker Co (SJM) Will Announce Earnings of $2.13 Per Share
Wall Street analysts predict that J M Smucker Co (NYSE:SJM) will post $2.13 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Six analysts have made estimates for J M Smucker’s earnings. The lowest EPS estimate is $2.04 and the highest is $2.20. J M Smucker posted earnings per share of $2.00 in the same quarter last year, which would indicate a positive year-over-year growth rate of 6.5%. The business is scheduled to issue its next earnings results on Friday, February 16th.
On average, analysts expect that J M Smucker will report full-year earnings of $7.80 per share for the current year, with EPS estimates ranging from $7.71 to $7.85. For the next financial year, analysts expect that the business will post earnings of $8.24 per share, with EPS estimates ranging from $8.00 to $8.39. Zacks Investment Research’s EPS averages are a mean average based on a survey of research analysts that that provide coverage for J M Smucker.
J M Smucker (NYSE:SJM) last released its quarterly earnings data on Thursday, November 16th. The company reported $2.02 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.90 by $0.12. J M Smucker had a return on equity of 11.98% and a net margin of 7.72%. The business had revenue of $1.92 billion during the quarter, compared to analyst estimates of $1.90 billion. During the same quarter in the previous year, the firm posted $2.05 EPS. The business’s revenue for the quarter was up .5% compared to the same quarter last year.
A number of brokerages have issued reports on SJM. Susquehanna Bancshares set a $141.00 price target on J M Smucker and gave the stock a “buy” rating in a research report on Friday, December 8th. Stifel Nicolaus boosted their price target on J M Smucker from $109.00 to $113.00 and gave the stock a “hold” rating in a research report on Friday, November 17th. Goldman Sachs Group reiterated a “sell” rating on shares of J M Smucker in a research report on Wednesday, October 4th. Credit Suisse Group set a $110.00 price target on J M Smucker and gave the stock a “hold” rating in a research report on Friday, August 25th. Finally, Zacks Investment Research upgraded J M Smucker from a “sell” rating to a “hold” rating in a research report on Thursday, September 14th. Four research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $126.00.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Parametric Portfolio Associates LLC raised its stake in shares of J M Smucker by 68.2% in the 3rd quarter. Parametric Portfolio Associates LLC now owns 1,067,032 shares of the company’s stock worth $111,964,000 after buying an additional 432,461 shares in the last quarter. Steward Partners Investment Advisory LLC bought a new stake in shares of J M Smucker in the 3rd quarter worth $542,000. Truepoint Inc. raised its stake in shares of J M Smucker by 9,203.5% in the 3rd quarter. Truepoint Inc. now owns 281,989 shares of the company’s stock worth $282,000 after buying an additional 278,958 shares in the last quarter. Americafirst Capital Management LLC bought a new stake in shares of J M Smucker in the 3rd quarter worth $373,000. Finally, Cypress Capital Group bought a new stake in shares of J M Smucker in the 3rd quarter worth $474,000. 75.46% of the stock is currently owned by institutional investors.
Shares of J M Smucker (NYSE:SJM) traded up $0.92 during mid-day trading on Wednesday, reaching $119.44. The company’s stock had a trading volume of 1,299,191 shares, compared to its average volume of 973,771. The company has a quick ratio of 0.42, a current ratio of 0.96 and a debt-to-equity ratio of 0.61. J M Smucker has a one year low of $99.57 and a one year high of $143.68. The firm has a market cap of $13,463.59, a price-to-earnings ratio of 16.17, a PEG ratio of 2.19 and a beta of 0.67.
The company also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Stockholders of record on Friday, November 10th were paid a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.61%. The ex-dividend date was Thursday, November 9th. J M Smucker’s dividend payout ratio is presently 63.03%.
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About J M Smucker
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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