Equities research analysts forecast that J.M. Smucker Company (The) (NYSE:SJM) will report sales of $1.97 billion for the current fiscal quarter, Zacks Investment Research reports. Six analysts have issued estimates for J.M. Smucker Company (The)’s earnings, with the lowest sales estimate coming in at $1.93 billion and the highest estimate coming in at $2.00 billion. J.M. Smucker Company (The) posted sales of $1.91 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 3.1%. The business is expected to report its next earnings report on Thursday, November 16th.

On average, analysts expect that J.M. Smucker Company (The) will report full year sales of $1.97 billion for the current year, with estimates ranging from $7.34 billion to $7.65 billion. For the next financial year, analysts expect that the company will report sales of $7.61 billion per share, with estimates ranging from $7.44 billion to $7.92 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow J.M. Smucker Company (The).

J.M. Smucker Company (The) (NYSE:SJM) last announced its quarterly earnings data 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 firm had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.81 billion. J.M. Smucker Company (The) had a return on equity of 12.06% and a net margin of 7.50%. J.M. Smucker Company (The)’s revenue for the quarter was down 3.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.86 earnings per share.

SJM has been the topic of a number of research analyst reports. Morgan Stanley restated a “sell” rating and set a $108.00 price target (down previously from $114.00) on shares of J.M. Smucker Company (The) in a report on Friday. Zacks Investment Research upgraded J.M. Smucker Company (The) from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. BidaskClub downgraded J.M. Smucker Company (The) from a “sell” rating to a “strong sell” rating in a report on Saturday. Credit Suisse Group reiterated a “neutral” rating and set a $120.00 target price (down previously from $126.00) on shares of J.M. Smucker Company (The) in a report on Monday, July 3rd. They noted that the move was a valuation call. Finally, Jefferies Group LLC upgraded J.M. Smucker Company (The) from a “hold” rating to a “buy” rating and upped their target price for the stock from $130.00 to $140.00 in a report on Friday, July 28th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $126.73.

In other news, SVP Jill R. Penrose sold 550 shares of the business’s stock in a transaction that occurred on Wednesday, June 28th. The stock was sold at an average price of $120.09, for a total value of $66,049.50. Following the sale, the senior vice president now directly owns 13,475 shares of the company’s stock, valued at approximately $1,618,212.75. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Barry C. Dunaway sold 9,433 shares of the business’s stock in a transaction that occurred on Tuesday, June 27th. The stock was sold at an average price of $121.32, for a total value of $1,144,411.56. Following the completion of the sale, the insider now directly owns 40,966 shares in the company, valued at $4,969,995.12. The disclosure for this sale can be found here. Over the last three months, insiders sold 16,030 shares of company stock worth $1,948,195. Insiders own 3.50% of the company’s stock.

Hedge funds have recently modified their holdings of the company. Cleararc Capital Inc. boosted its stake in shares of J.M. Smucker Company (The) by 0.4% in the first quarter. Cleararc Capital Inc. now owns 2,849 shares of the company’s stock worth $373,000 after buying an additional 11 shares in the last quarter. Schmidt P J Investment Management Inc. boosted its stake in shares of J.M. Smucker Company (The) by 0.5% in the first quarter. Schmidt P J Investment Management Inc. now owns 2,411 shares of the company’s stock worth $316,000 after buying an additional 13 shares in the last quarter. Folger Nolan Fleming Douglas Capital Management Inc. boosted its stake in shares of J.M. Smucker Company (The) by 0.5% in the first quarter. Folger Nolan Fleming Douglas Capital Management Inc. now owns 5,078 shares of the company’s stock worth $666,000 after buying an additional 26 shares in the last quarter. Gateway Investment Advisers LLC boosted its stake in shares of J.M. Smucker Company (The) by 0.4% in the second quarter. Gateway Investment Advisers LLC now owns 7,168 shares of the company’s stock worth $848,000 after buying an additional 26 shares in the last quarter. Finally, RiverPoint Capital Management LLC boosted its stake in shares of J.M. Smucker Company (The) by 1.3% in the second quarter. RiverPoint Capital Management LLC now owns 2,310 shares of the company’s stock worth $273,000 after buying an additional 30 shares in the last quarter. 73.54% of the stock is currently owned by hedge funds and other institutional investors.

Shares of J.M. Smucker Company (NYSE:SJM) traded up 0.24% during mid-day trading on Friday, reaching $105.40. The company had a trading volume of 1,888,435 shares. The firm’s 50-day moving average price is $119.18 and its 200 day moving average price is $127.41. J.M. Smucker Company has a 52-week low of $104.15 and a 52-week high of $143.68. The company has a market cap of $11.96 billion, a price-to-earnings ratio of 22.15 and a beta of 0.62.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Friday, August 11th will be given a $0.78 dividend. 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 dividend yield of 2.96%. The ex-dividend date of this dividend is Wednesday, August 9th. J.M. Smucker Company (The)’s payout ratio is currently 65.55%.

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

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