J.M. Smucker Company (The) (SJM) to Release Quarterly Earnings on Thursday
J.M. Smucker Company (The) (NYSE:SJM) is scheduled to be issuing its quarterly earnings data before the market opens on Thursday, August 24th. Analysts expect the company to announce earnings of $1.61 per share for the quarter. J.M. Smucker Company (The) has set its FY18 guidance at $7.85-8.05 EPS.
J.M. Smucker Company (The) (NYSE:SJM) last released its quarterly earnings data on Thursday, June 8th. The company reported $1.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.72 by $0.08. J.M. Smucker Company (The) had a net margin of 8.01% and a return on equity of 12.63%. 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 prior year, the business earned $1.19 earnings per share. The business’s quarterly revenue was down 1.3% compared to the same quarter last year. On average, analysts expect J.M. Smucker Company (The) to post $7.97 EPS for the current fiscal year and $8.41 EPS for the next fiscal year.
Shares of J.M. Smucker Company (SJM) opened at 121.85 on Tuesday. The firm has a market cap of $13.82 billion, a price-to-earnings ratio of 23.89 and a beta of 0.62. The stock has a 50 day moving average of $119.68 and a 200 day moving average of $127.99. J.M. Smucker Company has a 52-week low of $114.31 and a 52-week high of $149.80.
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. The ex-dividend date of this dividend is Wednesday, August 9th. This is a boost from J.M. Smucker Company (The)’s previous quarterly dividend of $0.75. This represents a $3.12 dividend on an annualized basis and a yield of 2.56%. J.M. Smucker Company (The)’s payout ratio is 61.18%.
A number of research firms have issued reports on SJM. J P Morgan Chase & Co reiterated an “overweight” rating and issued a $135.00 target price (down from $137.00) on shares of J.M. Smucker Company (The) in a research note on Wednesday, June 28th. Deutsche Bank AG restated a “hold” rating and issued a $131.00 price objective (down from $135.00) on shares of J.M. Smucker Company (The) in a research note on Thursday, July 13th. Morgan Stanley restated an “underweight” rating and issued a $114.00 price objective (down from $126.00) on shares of J.M. Smucker Company (The) in a research note on Tuesday, July 18th. Susquehanna Bancshares Inc restated a “neutral” rating and issued a $132.00 price objective (down from $135.00) on shares of J.M. Smucker Company (The) in a research note on Tuesday, April 25th. Finally, Credit Suisse Group restated a “hold” rating and issued a $126.00 price objective on shares of J.M. Smucker Company (The) in a research note on Thursday, June 1st. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $132.82.
In related news, Director Sandra Pianalto bought 250 shares of the company’s stock in a transaction that occurred on Tuesday, June 27th. The shares were acquired at an average price of $120.61 per share, with a total value of $30,152.50. Following the completion of the transaction, the director now owns 250 shares of the company’s stock, valued at approximately $30,152.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Jill R. Penrose sold 550 shares of the business’s stock in a transaction on Wednesday, June 28th. The stock was sold at an average price of $120.09, for a total transaction of $66,049.50. Following the transaction, the senior vice president now directly owns 13,475 shares in the company, valued at approximately $1,618,212.75. The disclosure for this sale can be found here. Insiders have sold 16,030 shares of company stock worth $1,948,195 in the last ninety days. 3.50% of the stock is currently owned by insiders.
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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