Analysts expect that J M Smucker Co (NYSE:SJM) will post $1.99 billion in sales for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for J M Smucker’s earnings, with the lowest sales estimate coming in at $1.90 billion and the highest estimate coming in at $2.04 billion. J M Smucker reported sales of $1.90 billion during the same quarter last year, which suggests a positive year-over-year growth rate of 4.7%. The company is scheduled to report its next quarterly earnings results on Friday, February 15th.

According to Zacks, analysts expect that J M Smucker will report full-year sales of $7.85 billion for the current year, with estimates ranging from $7.80 billion to $7.95 billion. For the next year, analysts expect that the company will report sales of $7.88 billion, with estimates ranging from $7.71 billion to $8.06 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that that provide coverage for J M Smucker.

J M Smucker (NYSE:SJM) last released its quarterly earnings data on Wednesday, November 28th. The company reported $2.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.29 by ($0.12). The firm had revenue of $2.02 billion during the quarter, compared to analysts’ expectations of $2.05 billion. J M Smucker had a net margin of 17.59% and a return on equity of 12.03%. J M Smucker’s revenue was up 5.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.02 EPS.

Several research firms recently weighed in on SJM. Zacks Investment Research raised shares of J M Smucker from a “sell” rating to a “hold” rating in a research note on Wednesday, November 21st. ValuEngine cut shares of J M Smucker from a “hold” rating to a “sell” rating in a research note on Wednesday, November 28th. Morgan Stanley cut their target price on shares of J M Smucker from $100.00 to $98.00 and set an “underweight” rating for the company in a research note on Thursday, November 29th. Credit Suisse Group raised shares of J M Smucker to a “hold” rating and set a $94.00 target price for the company in a research note on Thursday, November 29th. Finally, Jefferies Financial Group set a $125.00 target price on shares of J M Smucker and gave the company a “buy” rating in a research note on Wednesday, November 28th. Five investment analysts have rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $117.33.

SJM opened at $102.24 on Thursday. The firm has a market cap of $11.89 billion, a P/E ratio of 12.84, a P/E/G ratio of 2.17 and a beta of 0.38. J M Smucker has a fifty-two week low of $96.13 and a fifty-two week high of $133.38. 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 firm also recently disclosed a quarterly dividend, which was paid on Monday, December 3rd. Shareholders of record on Friday, November 16th were given a dividend of $0.85 per share. The ex-dividend date was Thursday, November 15th. This represents a $3.40 annualized dividend and a yield of 3.33%. J M Smucker’s dividend payout ratio (DPR) is currently 42.71%.

In other J M Smucker news, SVP Jeannette L. Knudsen sold 1,500 shares of the stock in a transaction on Monday, September 10th. The shares were sold at an average price of $110.74, for a total transaction of $166,110.00. Following the completion of the transaction, the senior vice president now owns 26,224 shares in the company, valued at $2,904,045.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 3.92% of the stock is owned by company insiders.

A number of hedge funds have recently added to or reduced their stakes in the business. Honkamp Krueger Financial Services Inc. purchased a new stake in J M Smucker during the 3rd quarter worth about $103,000. CSat Investment Advisory L.P. purchased a new position in shares of J M Smucker during the second quarter worth approximately $122,000. Truvestments Capital LLC purchased a new position in shares of J M Smucker during the third quarter worth approximately $154,000. CWM LLC grew its position in shares of J M Smucker by 347.5% during the third quarter. CWM LLC now owns 1,763 shares of the company’s stock worth $181,000 after acquiring an additional 1,369 shares during the last quarter. Finally, Itau Unibanco Holding S.A. purchased a new position in shares of J M Smucker during the second quarter worth approximately $194,000. Institutional investors and hedge funds own 79.44% of the company’s stock.

J M Smucker Company Profile

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

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