J.M. Smucker Co. (NYSE:SJM) will post its quarterly earnings results on Thursday, November 17th. J.M. Smucker has set its FY17 guidance at $7.60-7.75 EPS.Individual that wish to listen to the company’s earnings conference call can do so using this link.

J.M. Smucker (NYSE:SJM) last posted its quarterly earnings data on Tuesday, August 23rd. The company reported $1.86 earnings per share for the quarter, topping the consensus estimate of $1.74 by $0.12. J.M. Smucker had a return on equity of 11.76% and a net margin of 9.41%. The business earned $1.82 billion during the quarter. During the same period in the prior year, the firm posted $1.32 EPS. J.M. Smucker’s revenue for the quarter was down 7.0% on a year-over-year basis. On average, analysts expect J.M. Smucker to post $7.68 EPS for the current fiscal year and $8.16 EPS for the next fiscal year.

Earnings History for J.M. Smucker (NYSE:SJM)

J.M. Smucker Co. (NYSE:SJM) opened at 128.82 on Tuesday. The company’s 50 day moving average price is $132.21 and its 200 day moving average price is $139.56. J.M. Smucker Co. has a 52-week low of $111.44 and a 52-week high of $157.31. The firm has a market cap of $15.00 billion, a PE ratio of 21.18 and a beta of 0.56.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Friday, November 11th will be paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 2.33%. The ex-dividend date is Tuesday, November 8th. J.M. Smucker’s payout ratio is presently 49.26%.

Several institutional investors have recently made changes to their positions in the stock. Massachusetts Financial Services Co. MA boosted its position in shares of J.M. Smucker by 104.7% in the second quarter. Massachusetts Financial Services Co. MA now owns 3,532,054 shares of the company’s stock valued at $538,319,000 after buying an additional 1,806,455 shares during the last quarter. BlackRock Institutional Trust Company N.A. boosted its position in J.M. Smucker by 0.9% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 3,184,842 shares of the company’s stock worth $485,402,000 after buying an additional 29,033 shares during the last quarter. BlackRock Fund Advisors boosted its position in J.M. Smucker by 3.8% in the second quarter. BlackRock Fund Advisors now owns 2,057,024 shares of the company’s stock worth $313,511,000 after buying an additional 75,876 shares during the last quarter. FMR LLC boosted its position in J.M. Smucker by 19.3% in the second quarter. FMR LLC now owns 1,593,958 shares of the company’s stock worth $242,935,000 after buying an additional 258,266 shares during the last quarter. Finally, BlackRock Group LTD boosted its position in J.M. Smucker by 7.9% in the second quarter. BlackRock Group LTD now owns 1,222,814 shares of the company’s stock worth $186,368,000 after buying an additional 90,021 shares during the last quarter. Institutional investors own 76.39% of the company’s stock.

Several analysts recently commented on SJM shares. Deutsche Bank AG reaffirmed a “buy” rating and set a $162.00 price objective (up previously from $150.00) on shares of J.M. Smucker in a research note on Monday. Citigroup Inc. reaffirmed a “buy” rating on shares of J.M. Smucker in a research note on Thursday, August 25th. Credit Suisse Group AG reaffirmed a “buy” rating and set a $158.00 price objective on shares of J.M. Smucker in a research note on Wednesday, August 24th. JPMorgan Chase & Co. reaffirmed a “focus list” rating on shares of J.M. Smucker in a research note on Tuesday, October 4th. Finally, Morgan Stanley reaffirmed a “hold” rating and set a $142.00 price objective on shares of J.M. Smucker in a research note on Wednesday, August 24th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $145.70.

J.M. Smucker 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.

5 Day Chart for NYSE:SJM

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