J.M. Smucker Company (The) (NYSE:SJM) – Stock analysts at Gabelli lowered their FY2018 EPS estimates for shares of J.M. Smucker Company (The) in a report issued on Friday. Gabelli analyst S. Donnelly now forecasts that the company will earn $7.80 per share for the year, down from their previous estimate of $7.95. Gabelli also issued estimates for J.M. Smucker Company (The)’s FY2019 earnings at $8.15 EPS and FY2020 earnings at $8.55 EPS.

Other analysts also recently issued research reports about the company. Citigroup Inc. dropped their price target on J.M. Smucker Company (The) from $161.00 to $155.00 and set a “buy” rating on the stock in a research note on Tuesday, May 9th. Jefferies Group LLC upgraded J.M. Smucker Company (The) from a “hold” rating to a “buy” rating and boosted their price target for the company from $130.00 to $140.00 in a research note on Friday, July 28th. Stephens downgraded J.M. Smucker Company (The) from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $165.00 to $125.00 in a research note on Wednesday, July 19th. Susquehanna Bancshares Inc set a $141.00 price target on J.M. Smucker Company (The) and gave the company a “hold” rating in a research note on Wednesday, June 7th. Finally, Zacks Investment Research upgraded J.M. Smucker Company (The) from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Four investment analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $126.73.

TRADEMARK VIOLATION WARNING: “Brokers Issue Forecasts for J.M. Smucker Company (The)’s FY2018 Earnings (SJM)” was first published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this article on another site, it was copied illegally and republished in violation of U.S. and international trademark and copyright law. The correct version of this article can be viewed at https://www.thecerbatgem.com/2017/08/29/brokers-issue-forecasts-for-j-m-smucker-company-thes-fy2018-earnings-sjm.html.

J.M. Smucker Company (NYSE:SJM) traded down 0.40% during midday trading on Monday, hitting $104.98. The stock had a trading volume of 654,463 shares. The firm has a 50 day moving average of $119.18 and a 200 day moving average of $127.41. J.M. Smucker Company has a 52 week low of $104.59 and a 52 week high of $143.68. The firm has a market cap of $11.92 billion, a price-to-earnings ratio of 22.06 and a beta of 0.62.

J.M. Smucker Company (The) (NYSE:SJM) last released its earnings results on Thursday, August 24th. The company reported $1.51 EPS for the quarter, missing the Zacks’ consensus estimate of $1.61 by $0.10. The business had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.81 billion. J.M. Smucker Company (The) had a return on equity of 12.06% and a net margin of 7.50%. The company’s revenue for the quarter was down 3.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.86 earnings per share.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Friday, August 11th will be issued a $0.78 dividend. This is a boost from J.M. Smucker Company (The)’s previous quarterly dividend of $0.75. The ex-dividend date is Wednesday, August 9th. This represents a $3.12 dividend on an annualized basis and a yield of 2.96%. J.M. Smucker Company (The)’s dividend payout ratio is presently 65.55%.

In other J.M. Smucker Company (The) news, insider Steven Oakland sold 6,047 shares of the stock in a transaction that occurred on Thursday, June 22nd. The stock was sold at an average price of $122.00, for a total transaction of $737,734.00. Following the completion of the transaction, the insider now owns 47,667 shares of the company’s stock, valued at $5,815,374. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Jill R. Penrose sold 550 shares of the stock in a transaction that occurred on Wednesday, June 28th. The shares were sold at an average price of $120.09, for a total value of $66,049.50. Following the transaction, the senior vice president now directly owns 13,475 shares of the company’s stock, valued at approximately $1,618,212.75. The disclosure for this sale can be found here. Insiders sold a total of 16,030 shares of company stock valued at $1,948,195 in the last ninety days. 3.50% of the stock is currently owned by insiders.

Several institutional investors have recently made changes to their positions in SJM. Sun Life Financial INC boosted its position in shares of J.M. Smucker Company (The) by 10,512.5% in the second quarter. Sun Life Financial INC now owns 849 shares of the company’s stock worth $100,000 after buying an additional 841 shares during the last quarter. Harbour Capital Advisors LLC purchased a new position in shares of J.M. Smucker Company (The) during the first quarter worth approximately $126,000. Paradigm Asset Management Co. LLC boosted its position in shares of J.M. Smucker Company (The) by 4.5% in the second quarter. Paradigm Asset Management Co. LLC now owns 1,150 shares of the company’s stock worth $136,000 after buying an additional 50 shares during the last quarter. BT Investment Management Ltd purchased a new position in shares of J.M. Smucker Company (The) during the second quarter worth approximately $204,000. Finally, Allegis Investment Advisors LLC purchased a new position in shares of J.M. Smucker Company (The) during the second quarter worth approximately $205,000. 73.54% of the stock is owned by institutional investors and hedge funds.

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.

Earnings History and Estimates for J.M. Smucker Company (The) (NYSE:SJM)

Receive News & Stock Ratings for J.M. Smucker Company (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for J.M. Smucker Company (The) and related stocks with our FREE daily email newsletter.