Analysts expect that J M Smucker Co (NYSE:SJM) will announce $1.97 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Six analysts have provided estimates for J M Smucker’s earnings, with the highest EPS estimate coming in at $2.06 and the lowest estimate coming in at $1.91. J M Smucker reported earnings of $1.93 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 2.1%. The firm is expected to announce its next earnings report on Thursday, June 6th.

According to Zacks, analysts expect that J M Smucker will report full-year earnings of $8.16 per share for the current year, with EPS estimates ranging from $8.14 to $8.20. For the next financial year, analysts anticipate that the business will report earnings of $8.42 per share, with EPS estimates ranging from $8.22 to $8.60. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that that provide coverage for J M Smucker.

J M Smucker (NYSE:SJM) last released its quarterly earnings results on Tuesday, February 26th. The company reported $2.26 EPS for the quarter, beating analysts’ consensus estimates of $2.02 by $0.24. The business had revenue of $2.01 billion during the quarter, compared to analyst estimates of $1.99 billion. J M Smucker had a return on equity of 11.61% and a net margin of 8.15%. J M Smucker’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.50 EPS.

A number of equities research analysts recently commented on the company. Jefferies Financial Group set a $125.00 price target on J M Smucker and gave the company a “buy” rating in a research report on Tuesday, February 26th. Credit Suisse Group set a $120.00 target price on J M Smucker and gave the company a “hold” rating in a research report on Thursday, December 20th. Morgan Stanley raised their target price on J M Smucker from $98.00 to $104.00 and gave the company an “underweight” rating in a research report on Wednesday, February 27th. Zacks Investment Research raised J M Smucker from a “sell” rating to a “hold” rating in a research report on Tuesday, February 12th. Finally, Barclays reaffirmed a “hold” rating and set a $103.00 target price on shares of J M Smucker in a research report on Sunday, December 2nd. Five investment analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company’s stock. J M Smucker currently has a consensus rating of “Hold” and a consensus target price of $112.73.

In other J M Smucker news, Director Timothy P. Smucker bought 11,000 shares of the firm’s stock in a transaction dated Wednesday, December 19th. The stock was purchased at an average cost of $98.26 per share, with a total value of $1,080,860.00. Following the transaction, the director now directly owns 579,652 shares in the company, valued at approximately $56,956,605.52. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider David J. Lemmon sold 1,017 shares of the firm’s stock in a transaction on Monday, December 31st. The shares were sold at an average price of $92.99, for a total value of $94,570.83. The disclosure for this sale can be found here. Over the last ninety days, insiders have bought 12,000 shares of company stock valued at $1,173,060. Insiders own 3.92% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc increased its holdings in J M Smucker by 2.2% in the 3rd quarter. Vanguard Group Inc now owns 13,334,759 shares of the company’s stock worth $1,368,280,000 after acquiring an additional 293,331 shares during the last quarter. BlackRock Inc. increased its holdings in J M Smucker by 7.4% in the 4th quarter. BlackRock Inc. now owns 10,239,722 shares of the company’s stock worth $957,309,000 after acquiring an additional 708,976 shares during the last quarter. Oregon Public Employees Retirement Fund increased its holdings in J M Smucker by 12,668.0% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 5,351,461 shares of the company’s stock worth $57,000 after acquiring an additional 5,309,548 shares during the last quarter. Bank of America Corp DE increased its holdings in J M Smucker by 312.2% in the 4th quarter. Bank of America Corp DE now owns 4,351,714 shares of the company’s stock worth $406,843,000 after acquiring an additional 3,295,923 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in J M Smucker by 0.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,792,424 shares of the company’s stock worth $167,581,000 after acquiring an additional 13,573 shares during the last quarter. 77.32% of the stock is owned by institutional investors.

NYSE SJM traded up $0.59 on Thursday, reaching $103.85. The company had a trading volume of 913,365 shares, compared to its average volume of 1,149,404. The firm has a market capitalization of $11.75 billion, a P/E ratio of 13.05, a PEG ratio of 2.16 and a beta of 0.55. J M Smucker has a 52-week low of $91.32 and a 52-week high of $131.52. 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 firm also recently announced a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 15th were given a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a dividend yield of 3.27%. The ex-dividend date was Thursday, February 14th. J M Smucker’s dividend payout ratio is presently 42.71%.

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

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