J. M. Smucker (NYSE:SJM) Updates FY 2027 Earnings Guidance

J. M. Smucker (NYSE:SJM) issued an update on its FY 2027 earnings guidance on Tuesday morning. The company provided earnings per share guidance of 9.750-10.250 for the period, compared to the consensus earnings per share estimate of 8.380. The company issued revenue guidance of $8.7 billion-$8.8 billion, compared to the consensus revenue estimate of $9.1 billion.

J. M. Smucker Trading Down 1.6%

J. M. Smucker stock opened at $101.88 on Tuesday. The company has a quick ratio of 0.35, a current ratio of 0.84 and a debt-to-equity ratio of 1.31. The firm has a 50-day moving average price of $98.03 and a two-hundred day moving average price of $101.68. The firm has a market capitalization of $10.87 billion, a price-to-earnings ratio of -8.64, a PEG ratio of 6.99 and a beta of 0.27. J. M. Smucker has a 52-week low of $88.25 and a 52-week high of $119.39.

J. M. Smucker (NYSE:SJM) last issued its quarterly earnings results on Tuesday, June 9th. The company reported $2.77 earnings per share for the quarter, topping analysts’ consensus estimates of $2.65 by $0.12. The company had revenue of $2.27 billion during the quarter, compared to analyst estimates of $2.26 billion. J. M. Smucker had a negative net margin of 14.07% and a positive return on equity of 15.94%. J. M. Smucker has set its FY 2027 guidance at 9.750-10.250 EPS. Sell-side analysts expect that J. M. Smucker will post 9.03 earnings per share for the current year.

J. M. Smucker Dividend Announcement

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

Wall Street Analysts Forecast Growth

SJM has been the topic of a number of recent analyst reports. UBS Group cut their price target on shares of J. M. Smucker from $132.00 to $121.00 and set a “buy” rating on the stock in a report on Tuesday, June 2nd. Wall Street Zen lowered shares of J. M. Smucker from a “buy” rating to a “hold” rating in a report on Sunday, March 8th. BNP Paribas Exane set a $125.00 price target on shares of J. M. Smucker in a report on Thursday, April 9th. Stifel Nicolaus cut their price target on shares of J. M. Smucker from $120.00 to $100.00 and set a “hold” rating on the stock in a report on Tuesday, April 21st. Finally, Evercore started coverage on shares of J. M. Smucker in a report on Friday, May 15th. They set an “outperform” rating and a $117.00 price target on the stock. Eleven research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $116.71.

Institutional Trading of J. M. Smucker

Several large investors have recently modified their holdings of SJM. Two Sigma Investments LP boosted its holdings in shares of J. M. Smucker by 6,854.4% during the 3rd quarter. Two Sigma Investments LP now owns 1,527,962 shares of the company’s stock worth $165,937,000 after buying an additional 1,505,991 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of J. M. Smucker by 33.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,392,300 shares of the company’s stock worth $331,807,000 after buying an additional 850,943 shares during the period. AQR Capital Management LLC boosted its holdings in shares of J. M. Smucker by 339.1% during the 3rd quarter. AQR Capital Management LLC now owns 1,029,222 shares of the company’s stock worth $111,156,000 after buying an additional 794,851 shares during the period. NewEdge Advisors LLC boosted its holdings in shares of J. M. Smucker by 10,549.5% during the 4th quarter. NewEdge Advisors LLC now owns 533,434 shares of the company’s stock worth $52,175,000 after buying an additional 528,425 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC bought a new stake in shares of J. M. Smucker during the 3rd quarter worth $55,736,000. 81.66% of the stock is owned by institutional investors.

About J. M. Smucker

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.