J. M. Smucker (SJM) to Release Earnings on Thursday

J. M. Smucker (NYSE:SJM) is anticipated to release its earnings data before the market opens on Thursday, February 27th. Analysts expect J. M. Smucker to post earnings of $2.35 per share and revenue of $2.23 billion for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

J. M. Smucker (NYSE:SJM) last released its quarterly earnings data on Tuesday, November 26th. The company reported $2.76 earnings per share for the quarter, beating analysts’ consensus estimates of $2.51 by $0.25. J. M. Smucker had a return on equity of 14.35% and a net margin of 5.96%. The firm had revenue of $2.27 billion during the quarter, compared to analyst estimates of $2.27 billion. During the same quarter in the prior year, the firm posted $2.59 earnings per share. The business’s quarterly revenue was up 17.2% compared to the same quarter last year. On average, analysts expect J. M. Smucker to post $10 EPS for the current fiscal year and $10 EPS for the next fiscal year.

J. M. Smucker Stock Performance

Shares of SJM stock opened at $110.93 on Tuesday. The stock has a fifty day moving average of $106.22 and a 200 day moving average of $113.33. J. M. Smucker has a 52 week low of $98.77 and a 52 week high of $127.59. The firm has a market capitalization of $11.80 billion, a price-to-earnings ratio of 22.45, a PEG ratio of 3.91 and a beta of 0.27. The company has a quick ratio of 0.27, a current ratio of 0.58 and a debt-to-equity ratio of 0.89.

J. M. Smucker Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Friday, February 14th will be paid a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a yield of 3.89%. The ex-dividend date of this dividend is Friday, February 14th. J. M. Smucker’s payout ratio is 87.45%.

Insiders Place Their Bets

In other J. M. Smucker news, CFO Tucker H. Marshall sold 994 shares of the firm’s stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $113.00, for a total value of $112,322.00. Following the transaction, the chief financial officer now directly owns 18,734 shares of the company’s stock, valued at approximately $2,116,942. This trade represents a 5.04 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 3.40% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Stifel Nicolaus dropped their price target on J. M. Smucker from $125.00 to $120.00 and set a “hold” rating for the company in a research note on Friday, January 24th. Wells Fargo & Company raised their price target on J. M. Smucker from $130.00 to $135.00 and gave the company an “overweight” rating in a report on Wednesday, November 27th. Barclays reduced their price target on J. M. Smucker from $126.00 to $123.00 and set an “equal weight” rating for the company in a report on Wednesday, December 4th. Finally, TD Cowen downgraded J. M. Smucker from a “buy” rating to a “hold” rating and reduced their price target for the company from $130.00 to $121.00 in a report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $126.78.

J. M. Smucker Company Profile

The J. M. Smucker Company manufactures and markets branded food and beverage products worldwide. It operates in three segments: U.S. Retail Pet Foods, U.S. Retail Coffee, and U.S. Retail Consumer Foods. The company offers mainstream roast, ground, single serve, and premium coffee; peanut butter and specialty spreads; fruit spreads, toppings, and syrups; jelly products; nut mix products; shortening and oils; frozen sandwiches and snacks; pet food and pet snacks; and foodservice hot beverage, foodservice portion control, and flour products, as well as dog and cat food, frozen handheld products, juices and beverages, and baking mixes and ingredients.