Equities research analysts expect J.M. Smucker Company (The) (NYSE:SJM) to announce earnings of $1.67 per share for the current quarter, Zacks Investment Research reports. Six analysts have provided estimates for J.M. Smucker Company (The)’s earnings, with the highest EPS estimate coming in at $1.95 and the lowest estimate coming in at $1.59. J.M. Smucker Company (The) reported earnings of $1.86 per share during the same quarter last year, which indicates a negative year over year growth rate of 10.2%. The company is scheduled to announce its next earnings report on Tuesday, August 22nd.
On average, analysts expect that J.M. Smucker Company (The) will report full year earnings of $7.97 per share for the current year, with EPS estimates ranging from $7.89 to $8.04. For the next year, analysts anticipate that the business will post earnings of $8.48 per share, with EPS estimates ranging from $8.30 to $8.72. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that follow J.M. Smucker Company (The).
J.M. Smucker Company (The) (NYSE:SJM) last posted its quarterly earnings results on Thursday, June 8th. The company reported $1.80 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.72 by $0.08. The business had revenue of $1.78 billion for the quarter, compared to the consensus estimate of $1.77 billion. J.M. Smucker Company (The) had a return on equity of 12.63% and a net margin of 8.01%. The company’s quarterly revenue was down 1.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.19 EPS.
A number of research firms recently issued reports on SJM. Morgan Stanley reissued an “underweight” rating and set a $114.00 price target (down previously from $126.00) on shares of J.M. Smucker Company (The) in a report on Tuesday. Deutsche Bank AG reissued a “hold” rating and set a $131.00 price target (down previously from $135.00) on shares of J.M. Smucker Company (The) in a report on Thursday, July 13th. Hilliard Lyons raised J.M. Smucker Company (The) from a “neutral” rating to a “long-term buy” rating and set a $140.00 price target on the stock in a report on Tuesday, July 11th. They noted that the move was a valuation call. Jefferies Group LLC reissued a “hold” rating and set a $130.00 price target on shares of J.M. Smucker Company (The) in a report on Wednesday, April 26th. Finally, Susquehanna Bancshares Inc set a $141.00 price target on J.M. Smucker Company (The) and gave the stock a “hold” rating in a report on Wednesday, June 7th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $132.60.
In other news, Director Sandra Pianalto acquired 250 shares of J.M. Smucker Company (The) stock in a transaction that occurred on Tuesday, June 27th. The stock was purchased at an average price of $120.61 per share, for a total transaction of $30,152.50. Following the completion of the transaction, the director now directly owns 250 shares in the company, valued at $30,152.50. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Steven Oakland sold 6,047 shares of the firm’s stock in a transaction dated Thursday, June 22nd. The shares were sold at an average price of $122.00, for a total transaction of $737,734.00. Following the completion of the sale, the insider now owns 47,667 shares of the company’s stock, valued at approximately $5,815,374. The disclosure for this sale can be found here. In the last 90 days, insiders sold 16,030 shares of company stock valued at $1,948,195. 3.50% of the stock is owned by insiders.
A number of large investors have recently made changes to their positions in SJM. Cardinal Capital Management Inc. increased its stake in shares of J.M. Smucker Company (The) by 11.5% in the first quarter. Cardinal Capital Management Inc. now owns 99,665 shares of the company’s stock worth $13,064,000 after buying an additional 10,260 shares during the last quarter. West Oak Capital LLC increased its stake in shares of J.M. Smucker Company (The) by 17.4% in the first quarter. West Oak Capital LLC now owns 8,105 shares of the company’s stock worth $1,062,000 after buying an additional 1,200 shares during the last quarter. Smith Salley & Associates increased its stake in shares of J.M. Smucker Company (The) by 14.9% in the first quarter. Smith Salley & Associates now owns 1,992 shares of the company’s stock worth $261,000 after buying an additional 259 shares during the last quarter. BNP Paribas Arbitrage SA increased its stake in shares of J.M. Smucker Company (The) by 264.9% in the first quarter. BNP Paribas Arbitrage SA now owns 99,542 shares of the company’s stock worth $13,048,000 after buying an additional 72,260 shares during the last quarter. Finally, Norinchukin Bank The increased its stake in shares of J.M. Smucker Company (The) by 7.1% in the first quarter. Norinchukin Bank The now owns 7,566 shares of the company’s stock worth $992,000 after buying an additional 503 shares during the last quarter. Hedge funds and other institutional investors own 75.14% of the company’s stock.
Shares of J.M. Smucker Company (SJM) traded down 1.7206% during trading on Thursday, hitting $116.5299. The stock had a trading volume of 754,567 shares. The stock has a market cap of $13.22 billion, a price-to-earnings ratio of 22.8490 and a beta of 0.62. The stock’s 50-day moving average is $125.86 and its 200-day moving average is $130.98. J.M. Smucker Company has a 12-month low of $114.31 and a 12-month high of $157.31.
About J.M. Smucker Company (The)
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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