J. M. Smucker (NYSE:SJM) Releases Earnings Results, Beats Expectations By $0.12 EPS

J. M. Smucker (NYSE:SJM) issued its quarterly earnings results on Tuesday. The company reported $2.77 earnings per share for the quarter, topping analysts’ consensus estimates of $2.65 by $0.12, FiscalAI reports. J. M. Smucker had a positive return on equity of 15.94% and a negative net margin of 14.07%.The business had revenue of $2.27 billion for the quarter, compared to analyst estimates of $2.26 billion. J. M. Smucker updated its FY 2027 guidance to 9.750-10.250 EPS.

J. M. Smucker Trading Down 1.6%

Shares of SJM opened at $101.88 on Tuesday. J. M. Smucker has a 52-week low of $88.25 and a 52-week high of $119.39. The stock has a market cap of $10.87 billion, a PE ratio of -8.64, a price-to-earnings-growth ratio of 6.99 and a beta of 0.27. The firm’s fifty day moving average is $98.03 and its two-hundred day moving average is $101.68. The company has a quick ratio of 0.35, a current ratio of 0.84 and a debt-to-equity ratio of 1.31.

J. M. Smucker Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Friday, May 15th were given a dividend of $1.10 per share. The ex-dividend date was Friday, May 15th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 4.3%. J. M. Smucker’s dividend payout ratio (DPR) is -37.32%.

Analyst Ratings Changes

SJM has been the subject of a number of recent research reports. Stifel Nicolaus reduced their price target on shares of J. M. Smucker from $120.00 to $100.00 and set a “hold” rating for the company in a research report on Tuesday, April 21st. UBS Group reduced their price target on shares of J. M. Smucker from $132.00 to $121.00 and set a “buy” rating for the company in a research report on Tuesday, June 2nd. Morgan Stanley raised their price target on shares of J. M. Smucker from $104.00 to $106.00 and gave the stock an “equal weight” rating in a research report on Friday. BTIG Research reissued a “buy” rating on shares of J. M. Smucker in a research report on Thursday. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $95.00 price target on shares of J. M. Smucker in a research report on Wednesday, May 20th. Eleven equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $116.71.

Hedge Funds Weigh In On J. M. Smucker

A number of institutional investors have recently added to or reduced their stakes in SJM. Garton & Associates Financial Advisors LLC purchased a new position in shares of J. M. Smucker during the 4th quarter worth $25,000. CYBER HORNET ETFs LLC purchased a new position in shares of J. M. Smucker during the 2nd quarter worth $27,000. MUFG Securities EMEA plc purchased a new position in shares of J. M. Smucker during the 2nd quarter worth $31,000. Los Angeles Capital Management LLC purchased a new position in shares of J. M. Smucker during the 4th quarter worth $46,000. Finally, Zions Bancorporation National Association UT raised its holdings in shares of J. M. Smucker by 48.2% during the 4th quarter. Zions Bancorporation National Association UT now owns 529 shares of the company’s stock worth $52,000 after acquiring an additional 172 shares during the period. Hedge funds and other institutional investors own 81.66% of the company’s stock.

J. M. Smucker Company Profile

The J. M. Smucker Company is a diversified food and beverage manufacturer and marketer known for a portfolio of well-established consumer brands. The company’s main business activities include the production and distribution of fruit spreads, peanut butter, coffee and coffee filters, as well as pet food and pet snacks. Smucker’s core product lines serve both retail and foodservice customers through grocery chains, mass merchandisers, club stores, convenience outlets and e-commerce channels.

Among its leading brands are Smucker’s® fruit spreads, Jif® peanut butter, Folgers® and Dunkin’® coffees, and Café Bustelo® coffee.