J M Smucker (NYSE:SJM) Issues FY 2020 Earnings Guidance
J M Smucker (NYSE:SJM) updated its FY 2020 earnings guidance on Tuesday. The company provided EPS guidance of $8.35-8.55 for the period, compared to the Thomson Reuters consensus EPS estimate of $8.47. The company issued revenue guidance of $7.283529-7.3571 billion, compared to the consensus revenue estimate of $7.86 billion.J M Smucker also updated its FY20 guidance to $8.35-8.55 EPS.
A number of equities research analysts recently weighed in on the company. Stifel Nicolaus dropped their price target on J M Smucker from $120.00 to $110.00 and set a hold rating on the stock in a research note on Wednesday. Bank of America lowered their price objective on J M Smucker from $128.00 to $122.00 and set a neutral rating on the stock in a research report on Wednesday. Credit Suisse Group lowered their price objective on J M Smucker from $120.00 to $114.00 and set a neutral rating on the stock in a research report on Monday, July 22nd. TheStreet cut J M Smucker from a b- rating to a c+ rating in a research report on Tuesday, August 6th. Finally, Morgan Stanley increased their price objective on J M Smucker from $117.00 to $120.00 and gave the stock an equal weight rating in a research report on Friday, June 7th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus target price of $116.70.
Shares of SJM stock opened at $102.83 on Friday. The business’s 50-day moving average price is $112.79 and its 200-day moving average price is $115.76. J M Smucker has a 12 month low of $91.32 and a 12 month high of $128.43. The firm has a market capitalization of $11.82 billion, a price-to-earnings ratio of 12.40, a PEG ratio of 3.03 and a beta of 0.42. The company has a current ratio of 0.70, a quick ratio of 0.31 and a debt-to-equity ratio of 0.59.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Friday, August 16th will be paid a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a dividend yield of 3.42%. This is a positive change from J M Smucker’s previous quarterly dividend of $0.85. The ex-dividend date of this dividend is Thursday, August 15th. J M Smucker’s dividend payout ratio (DPR) is presently 42.46%.
In other news, insider Mark R. Belgya sold 750 shares of J M Smucker stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $113.55, for a total transaction of $85,162.50. Following the sale, the insider now directly owns 54,192 shares of the company’s stock, valued at $6,153,501.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Joseph Stanziano sold 319 shares of the firm’s stock in a transaction dated Wednesday, June 26th. The stock was sold at an average price of $119.20, for a total value of $38,024.80. Following the transaction, the insider now owns 14,857 shares of the company’s stock, valued at $1,770,954.40. The disclosure for this sale can be found here. Insiders have sold 4,019 shares of company stock worth $457,363 over the last three months. Insiders own 3.70% of the company’s stock.
J M Smucker Company Profile
The J. M. Smucker Co engages in the manufacture and marketing of branded food and beverage products. It operates through the following segments: U.S. Retail Coffee, U.S. Retail Consumer Foods, U.S. Retail Pet Foods, and International and Away From Home. The U. S. Retail Coffee segment includes the domestic sales of Folgers, Dunkin Donuts, and Cafe Bustelo branded coffee.
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