J.M. Smucker Company (The) (NYSE:SJM) is scheduled to be posting its quarterly earnings results before the market opens on Thursday, November 16th. Analysts expect J.M. Smucker Company (The) to post earnings of $1.89 per share for the quarter. J.M. Smucker Company (The) has set its FY18 guidance at $7.75-7.95 EPS.
J.M. Smucker Company (The) (NYSE:SJM) last issued its quarterly earnings data on Thursday, August 24th. The company reported $1.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.61 by ($0.10). J.M. Smucker Company (The) had a return on equity of 12.06% and a net margin of 7.50%. The firm had revenue of $1.75 billion during the quarter, compared to analysts’ expectations of $1.81 billion. During the same period in the previous year, the firm earned $1.86 EPS. The firm’s quarterly revenue was down 3.7% on a year-over-year basis. On average, analysts expect J.M. Smucker Company (The) to post $8 EPS for the current fiscal year and $8 EPS for the next fiscal year.
J.M. Smucker Company (NYSE:SJM) opened at $108.19 on Wednesday. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.97 and a quick ratio of 0.41. J.M. Smucker Company has a 12-month low of $99.57 and a 12-month high of $143.68. The stock has a market cap of $12,290.00, a P/E ratio of 14.15, a PEG ratio of 2.04 and a beta of 0.62.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Friday, November 10th will be given a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.88%. The ex-dividend date of this dividend is Thursday, November 9th. J.M. Smucker Company (The)’s payout ratio is currently 65.68%.
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In other J.M. Smucker Company (The) news, insider Richard K. Smucker acquired 10,000 shares of the company’s stock in a transaction dated Tuesday, August 29th. The shares were acquired at an average cost of $105.40 per share, with a total value of $1,054,000.00. Following the acquisition, the insider now directly owns 652,168 shares of the company’s stock, valued at $68,738,507.20. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Gary A. Oatey acquired 1,000 shares of the company’s stock in a transaction dated Monday, September 11th. The stock was acquired at an average cost of $107.30 per share, for a total transaction of $107,300.00. The disclosure for this purchase can be found here. 3.50% of the stock is currently owned by insiders.
A number of research analysts have recently issued reports on the stock. BidaskClub raised shares of J.M. Smucker Company (The) from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 12th. Jefferies Group LLC raised shares of J.M. Smucker Company (The) from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $130.00 to $140.00 in a research report on Friday, July 28th. Susquehanna Bancshares Inc set a $131.00 price objective on shares of J.M. Smucker Company (The) and gave the stock a “hold” rating in a research report on Wednesday, August 23rd. J P Morgan Chase & Co downgraded shares of J.M. Smucker Company (The) from an “overweight” rating to a “neutral” rating and cut their price objective for the stock from $135.00 to $116.00 in a research report on Thursday, August 24th. Finally, Morgan Stanley reaffirmed an “underweight” rating and issued a $114.00 price objective (down previously from $126.00) on shares of J.M. Smucker Company (The) in a research report on Tuesday, July 18th. Four investment analysts have rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the stock. J.M. Smucker Company (The) has an average rating of “Hold” and a consensus price target of $125.27.
J.M. Smucker Company (The) Company Profile
The J. M. Smucker Company is a manufacturer and marketer of branded food and beverage products and pet food and pet snacks in North America. The Company’s segments include U.S. Retail Coffee, U.S. Retail Consumer Foods, U.S. Retail Pet Foods, and International and Foodservice. The Company’s U.S. retail market segments consist of the sale of branded food products to consumers through retail outlets in North America.
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