The J.M. Smucker Company (SJM) Scheduled to Post Quarterly Earnings on Wednesday
The J.M. Smucker Company (NYSE:SJM) will be issuing its Q115 quarterly earnings data on Wednesday, August 20th. Analysts expect The J.M. Smucker Company to post earnings of $1.37 per share and revenue of $1.37 billion for the quarter. The J.M. Smucker Company has set its FY15 guidance at $5.95-6.05 EPS.Persons that wish to register for the company’s earnings conference call can do so using this link.
The J.M. Smucker Company (NYSE:SJM) last posted its quarterly earnings results on Thursday, June 5th. The company reported $1.21 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.16 by $0.05. The company had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.24 billion. During the same quarter in the prior year, the company posted $1.29 earnings per share. The company’s quarterly revenue was down 7.9% on a year-over-year basis. On average, analysts expect The J.M. Smucker Company to post $6.02 EPS for the current fiscal year and $6.43 EPS for the next fiscal year.
The J.M. Smucker Company (NYSE:SJM) opened at 103.13 on Tuesday. The J.M. Smucker Company has a 1-year low of $87.10 and a 1-year high of $112.95. The stock has a 50-day moving average of $104.1 and a 200-day moving average of $100.1. The company has a market cap of $10.503 billion and a price-to-earnings ratio of 18.99.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, September 2nd. Stockholders of record on Friday, August 15th will be given a dividend of $0.64 per share. This represents a $2.56 dividend on an annualized basis and a yield of 2.48%. The ex-dividend date is Wednesday, August 13th. This is a boost from The J.M. Smucker Company’s previous quarterly dividend of $0.58.
A number of research firms have recently commented on SJM. Analysts at Zacks reiterated a “neutral” rating on shares of The J.M. Smucker Company in a research note on Friday, July 25th. They now have a $110.00 price target on the stock. On a related note, analysts at Credit Suisse reiterated a “neutral” rating on shares of The J.M. Smucker Company in a research note on Thursday, June 19th. They now have a $111.00 price target on the stock, up previously from $108.00. Finally, analysts at Wells Fargo & Co. upgraded shares of The J.M. Smucker Company from an “underperform” rating to a “market perform” rating in a research note on Monday, June 9th. Nine investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The J.M. Smucker Company presently has a consensus rating of “Hold” and an average price target of $109.20.
The J. M. Smucker Company operates principally in the manufacturing and marketing of branded food products.
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