$1.98 Billion in Sales Expected for J M Smucker Co (SJM) This Quarter
Analysts expect J M Smucker Co (NYSE:SJM) to announce sales of $1.98 billion for the current quarter, according to Zacks. Six analysts have provided estimates for J M Smucker’s earnings, with estimates ranging from $1.90 billion to $2.01 billion. J M Smucker reported sales of $1.90 billion in the same quarter last year, which indicates a positive year-over-year growth rate of 4.2%. The company is scheduled to report its next quarterly earnings report before the market opens on Tuesday, February 26th.
According to Zacks, analysts expect that J M Smucker will report full-year sales of $7.84 billion for the current fiscal year, with estimates ranging from $7.80 billion to $7.90 billion. For the next financial year, analysts anticipate that the company will report sales of $7.86 billion, with estimates ranging from $7.71 billion to $7.98 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that follow J M Smucker.
J M Smucker (NYSE:SJM) last issued its quarterly earnings results on Wednesday, November 28th. The company reported $2.17 earnings per share for the quarter, missing the Zacks’ consensus estimate of $2.29 by ($0.12). The business had revenue of $2.02 billion for the quarter, compared to analyst estimates of $2.05 billion. J M Smucker had a return on equity of 12.03% and a net margin of 17.59%. The business’s revenue was up 5.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.02 earnings per share.
In other J M Smucker news, Director Kathryn W. Dindo purchased 500 shares of the company’s stock in a transaction that occurred on Thursday, December 27th. The shares were acquired at an average price of $92.20 per share, with a total value of $46,100.00. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, Chairman Richard K. Smucker purchased 20,000 shares of the company’s stock in a transaction that occurred on Friday, November 30th. The stock was acquired at an average cost of $103.09 per share, for a total transaction of $2,061,800.00. Following the transaction, the chairman now owns 681,387 shares in the company, valued at approximately $70,244,185.83. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 32,000 shares of company stock worth $3,234,860. 3.92% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Quantamental Technologies LLC bought a new position in shares of J M Smucker during the 4th quarter worth approximately $28,000. Howe & Rusling Inc. lifted its position in shares of J M Smucker by 218.3% during the 4th quarter. Howe & Rusling Inc. now owns 296 shares of the company’s stock worth $28,000 after buying an additional 203 shares in the last quarter. Meeder Asset Management Inc. bought a new position in shares of J M Smucker during the 4th quarter worth approximately $44,000. Private Capital Group LLC bought a new position in shares of J M Smucker during the 4th quarter worth approximately $50,000. Finally, Bremer Trust National Association bought a new position in shares of J M Smucker during the 4th quarter worth approximately $51,000. 79.14% of the stock is currently owned by institutional investors and hedge funds.
Shares of SJM traded down $0.17 during trading hours on Thursday, hitting $106.77. The stock had a trading volume of 739,523 shares, compared to its average volume of 915,877. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.25 and a quick ratio of 0.57. The company has a market cap of $12.17 billion, a PE ratio of 13.41, a P/E/G ratio of 2.18 and a beta of 0.56. J M Smucker has a 1-year low of $91.32 and a 1-year high of $133.38.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 1st. Investors of record on Friday, February 15th will be given a $0.85 dividend. The ex-dividend date of this dividend is Thursday, February 14th. This represents a $3.40 annualized dividend and a yield of 3.18%. J M Smucker’s payout ratio is 42.71%.
About J M Smucker
The J. M. Smucker Company manufactures and markets branded food and beverage products worldwide. It operates in four segments: U.S. Retail Coffee, U.S. Retail Consumer Foods, U.S. Retail Pet Foods, and International and Away From Home. The company primarily offers coffee, pet food and pet snacks, peanut butter, fruit spreads, shortening and oils, baking mixes and ready-to-spread frostings, frozen sandwiches, flour and baking ingredients, juices and beverages, and portion control products.
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