Wall Street analysts predict that J M Smucker Co (NYSE:SJM) will announce sales of $1.94 billion for the current fiscal quarter, Zacks Investment Research reports. Five analysts have issued 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 $1.97 billion. J M Smucker posted sales of $1.78 billion during the same quarter last year, which would indicate a positive year-over-year growth rate of 9%. The firm is scheduled to report its next earnings results before the market opens on Thursday, June 6th.

On average, analysts expect that J M Smucker will report full year sales of $7.87 billion for the current fiscal year, with estimates ranging from $7.84 billion to $7.91 billion. For the next financial year, analysts expect that the firm will report sales of $7.87 billion, with estimates ranging from $7.85 billion to $7.94 billion. Zacks’ sales calculations are a mean average based on a survey of analysts that cover J M Smucker.

J M Smucker (NYSE:SJM) last announced its quarterly earnings results on Tuesday, February 26th. The company reported $2.26 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.03 by $0.23. J M Smucker had a net margin of 8.15% and a return on equity of 11.61%. The firm had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $1.99 billion. During the same period in the prior year, the firm posted $2.50 earnings per share. The firm’s quarterly revenue was up 5.7% compared to the same quarter last year.

A number of brokerages recently issued reports on SJM. Zacks Investment Research downgraded shares of J M Smucker from a “buy” rating to a “hold” rating in a report on Tuesday, April 30th. ValuEngine raised shares of J M Smucker from a “sell” rating to a “hold” rating in a report on Thursday, March 21st. Wells Fargo & Co increased their price target on shares of J M Smucker from $100.00 to $105.00 and gave the stock a “market perform” rating in a report on Monday, February 25th. Credit Suisse Group raised shares of J M Smucker from an “underperform” rating to a “neutral” rating and increased their price target for the stock from $96.00 to $120.00 in a report on Monday, April 8th. Finally, Citigroup increased their price target on shares of J M Smucker from $122.00 to $130.00 and gave the stock a “buy” rating in a report on Wednesday, February 27th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $116.73.

Shares of NYSE SJM opened at $127.50 on Thursday. J M Smucker has a 1 year low of $91.32 and a 1 year high of $128.09. The firm has a market cap of $14.42 billion, a P/E ratio of 16.02, a PEG ratio of 2.56 and a beta of 0.58. The company has a current ratio of 0.95, a quick ratio of 0.44 and a debt-to-equity ratio of 0.66.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Friday, May 17th will be issued a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a yield of 2.67%. The ex-dividend date is Thursday, May 16th. J M Smucker’s payout ratio is 42.71%.

In other J M Smucker news, SVP Jeannette L. Knudsen sold 1,932 shares of the stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $102.86, for a total transaction of $198,725.52. Following the transaction, the senior vice president now directly owns 24,292 shares of the company’s stock, valued at $2,498,675.12. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 3.92% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Resources Investment Advisors Inc. lifted its stake in shares of J M Smucker by 10,650.0% in the first quarter. Resources Investment Advisors Inc. now owns 215 shares of the company’s stock worth $25,000 after buying an additional 213 shares in the last quarter. Quantamental Technologies LLC purchased a new position in shares of J M Smucker in the fourth quarter worth about $28,000. Howe & Rusling Inc. lifted its stake in shares of J M Smucker by 218.3% in the fourth 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. Zions Bancorporation N.A. purchased a new position in shares of J M Smucker in the first quarter worth about $31,000. Finally, WealthBridge Capital Management LLC lifted its stake in shares of J M Smucker by 13,300.0% in the first quarter. WealthBridge Capital Management LLC now owns 268 shares of the company’s stock worth $34,000 after buying an additional 266 shares in the last quarter. 79.50% of the stock is currently owned by institutional investors and hedge funds.

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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