Equities analysts expect J M Smucker Co (NYSE:SJM) to post $2.05 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Six analysts have provided estimates for J M Smucker’s earnings, with the highest sales estimate coming in at $2.09 billion and the lowest estimate coming in at $2.01 billion. J M Smucker posted sales of $1.92 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 6.8%. The business is scheduled to report its next earnings results on Thursday, November 15th.

According to Zacks, analysts expect that J M Smucker will report full year sales of $7.88 billion for the current financial year, with estimates ranging from $7.79 billion to $8.00 billion. For the next financial year, analysts expect that the company will post sales of $7.93 billion per share, with estimates ranging from $7.78 billion to $8.16 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for J M Smucker.

J M Smucker (NYSE:SJM) last announced its quarterly earnings data on Tuesday, August 21st. The company reported $1.78 EPS for the quarter, topping the consensus estimate of $1.76 by $0.02. The company had revenue of $1.91 billion during the quarter, compared to the consensus estimate of $1.95 billion. J M Smucker had a net margin of 17.91% and a return on equity of 12.20%. The company’s quarterly revenue was up 9.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.96 EPS.

SJM has been the subject of several recent analyst reports. Susquehanna Bancshares set a $159.00 price objective on shares of J M Smucker and gave the stock a “buy” rating in a research report on Monday, May 21st. ValuEngine downgraded shares of J M Smucker from a “sell” rating to a “strong sell” rating in a research report on Saturday, June 2nd. Credit Suisse Group reduced their price target on shares of J M Smucker from $115.00 to $98.00 and set an “underperform” rating for the company in a research report on Tuesday, June 5th. Wells Fargo & Co set a $100.00 price target on shares of J M Smucker and gave the company a “hold” rating in a research report on Tuesday, June 5th. Finally, Deutsche Bank set a $97.00 price target on shares of J M Smucker and gave the company a “hold” rating in a research report on Friday, June 8th. Five analysts have rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $121.83.

Shares of SJM stock traded down $1.70 during trading hours on Friday, hitting $109.95. 22,708 shares of the company were exchanged, compared to its average volume of 1,323,655. The company has a market cap of $12.63 billion, a price-to-earnings ratio of 13.82, a price-to-earnings-growth ratio of 2.03 and a beta of 0.52. J M Smucker has a fifty-two week low of $96.13 and a fifty-two week high of $133.38. The company has a quick ratio of 0.51, a current ratio of 1.17 and a debt-to-equity ratio of 0.78.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 4th. Investors of record on Friday, August 17th were given a $0.85 dividend. The ex-dividend date of this dividend was Thursday, August 16th. This represents a $3.40 annualized dividend and a yield of 3.09%. This is an increase from J M Smucker’s previous quarterly dividend of $0.78. J M Smucker’s dividend payout ratio (DPR) is presently 42.71%.

In other J M Smucker news, SVP Jill R. Penrose sold 518 shares of J M Smucker stock in a transaction on Wednesday, June 20th. The shares were sold at an average price of $106.27, for a total transaction of $55,047.86. Following the transaction, the senior vice president now directly owns 10,537 shares of the company’s stock, valued at approximately $1,119,766.99. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Mark T. Smucker sold 2,500 shares of J M Smucker stock in a transaction on Monday, July 16th. The stock was sold at an average price of $111.02, for a total transaction of $277,550.00. Following the transaction, the insider now directly owns 121,179 shares in the company, valued at $13,453,292.58. The disclosure for this sale can be found here. In the last three months, insiders sold 10,518 shares of company stock valued at $1,152,748. 3.92% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently bought and sold shares of the business. Hall Laurie J Trustee boosted its holdings in J M Smucker by 153.1% during the 1st quarter. Hall Laurie J Trustee now owns 810 shares of the company’s stock worth $101,000 after acquiring an additional 490 shares during the last quarter. Signaturefd LLC bought a new stake in shares of J M Smucker during the 1st quarter worth $106,000. Clarus Wealth Advisors bought a new stake in shares of J M Smucker during the 2nd quarter worth $109,000. CSat Investment Advisory L.P. bought a new stake in shares of J M Smucker during the 2nd quarter worth $122,000. Finally, WealthTrust Fairport LLC bought a new stake in shares of J M Smucker during the 1st quarter worth $143,000. 82.73% of the stock is currently owned by hedge funds and other institutional investors.

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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