$1.75 EPS Expected for J M Smucker Co (NYSE:SJM) This Quarter

Wall Street brokerages expect that J M Smucker Co (NYSE:SJM) will announce earnings of $1.75 per share for the current quarter, according to Zacks Investment Research. Five analysts have issued estimates for J M Smucker’s earnings. The highest EPS estimate is $1.80 and the lowest is $1.68. J M Smucker reported earnings of $1.78 per share in the same quarter last year, which indicates a negative year-over-year growth rate of 1.7%. The company is scheduled to report its next earnings results before the market opens on Tuesday, August 27th.

On average, analysts expect that J M Smucker will report full-year earnings of $8.51 per share for the current financial year, with EPS estimates ranging from $8.45 to $8.60. For the next year, analysts expect that the business will post earnings of $8.83 per share, with EPS estimates ranging from $8.63 to $8.98. Zacks’ EPS calculations are an average based on a survey of analysts that follow J M Smucker.

J M Smucker (NYSE:SJM) last posted its quarterly earnings data on Thursday, June 6th. The company reported $2.08 earnings per share for the quarter, beating analysts’ consensus estimates of $1.97 by $0.11. The business had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.94 billion. J M Smucker had a net margin of 6.56% and a return on equity of 11.80%. The company’s revenue was up 6.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.93 earnings per share.

A number of equities analysts have recently weighed in on the stock. TheStreet lowered shares of J M Smucker from a “b-” rating to a “c+” rating in a research report on Tuesday, August 6th. Zacks Investment Research cut shares of J M Smucker from a “buy” rating to a “hold” rating in a report on Monday, May 20th. Morgan Stanley upped their price target on shares of J M Smucker from $117.00 to $120.00 and gave the company an “equal weight” rating in a report on Friday, June 7th. Credit Suisse Group cut their price target on shares of J M Smucker from $120.00 to $114.00 and set a “neutral” rating on the stock in a report on Monday, July 22nd. Finally, ValuEngine cut shares of J M Smucker from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $115.44.

In other J M Smucker news, CEO Mark T. Smucker sold 2,200 shares of the stock in a transaction on Friday, July 26th. The shares were sold at an average price of $113.28, for a total transaction of $249,216.00. Following the sale, the chief executive officer now directly owns 140,975 shares of the company’s stock, valued at $15,969,648. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Joseph Stanziano sold 319 shares of the stock in a transaction on Wednesday, June 26th. The stock was sold at an average price of $119.20, for a total transaction of $38,024.80. Following the sale, the insider now directly owns 14,857 shares in the company, valued at $1,770,954.40. The disclosure for this sale can be found here. Insiders have sold 3,269 shares of company stock worth $372,201 over the last three months. 3.70% of the stock is owned by corporate insiders.

Large investors have recently modified their holdings of the business. LSV Asset Management lifted its holdings in shares of J M Smucker by 51.7% during the first quarter. LSV Asset Management now owns 3,823,806 shares of the company’s stock valued at $445,473,000 after acquiring an additional 1,303,090 shares during the period. Nuveen Asset Management LLC grew its holdings in J M Smucker by 22,638.0% in the 2nd quarter. Nuveen Asset Management LLC now owns 590,961 shares of the company’s stock valued at $68,073,000 after buying an additional 588,362 shares in the last quarter. Wedge Capital Management L L P NC acquired a new position in J M Smucker in the 1st quarter valued at $44,078,000. Prudential Financial Inc. grew its holdings in J M Smucker by 72.1% in the 2nd quarter. Prudential Financial Inc. now owns 714,298 shares of the company’s stock valued at $82,280,000 after buying an additional 299,231 shares in the last quarter. Finally, BlackRock Inc. grew its holdings in J M Smucker by 2.7% in the 2nd quarter. BlackRock Inc. now owns 9,934,921 shares of the company’s stock valued at $1,144,403,000 after buying an additional 258,305 shares in the last quarter. 78.01% of the stock is currently owned by institutional investors.

Shares of NYSE:SJM traded down $1.68 during trading on Tuesday, reaching $114.58. The stock had a trading volume of 832,385 shares, compared to its average volume of 948,595. The business has a fifty day moving average price of $114.50 and a 200-day moving average price of $115.47. The company has a quick ratio of 0.31, a current ratio of 0.69 and a debt-to-equity ratio of 0.59. The stock has a market cap of $13.14 billion, a P/E ratio of 13.82, a PEG ratio of 3.33 and a beta of 0.42. J M Smucker has a fifty-two week low of $91.32 and a fifty-two week high of $128.43.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 3rd. Investors of record on Friday, August 16th will be issued a $0.88 dividend. The ex-dividend date of this dividend is Thursday, August 15th. This is a boost from J M Smucker’s previous quarterly dividend of $0.85. This represents a $3.52 annualized dividend and a yield of 3.07%. J M Smucker’s dividend payout ratio is currently 42.46%.

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

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