The J.M. Smucker Company (SJM) Announces Quarterly Results
The J.M. Smucker Company (NYSE:SJM) announced its earnings results on Wednesday. The company reported $1.34 EPS for the quarter, missing the Thomson Reuters consensus estimate of $1.37 by $0.03, Analyst RN reports.
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 equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $109.20.
Shares of The J.M. Smucker Company (NYSE:SJM) opened at 103.45 on Wednesday. The J.M. Smucker Company has a 1-year low of $87.10 and a 1-year high of $112.95. The stock’s 50-day moving average is $104.0 and its 200-day moving average is $100.. The company has a market cap of $10.536 billion and a P/E ratio of 19.04.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, September 2nd. Investors 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 2.47%. The ex-dividend date of this dividend is Wednesday, August 13th. This is an increase from The J.M. Smucker Company’s previous quarterly dividend of $0.58.
The J. M. Smucker Company operates principally in the manufacturing and marketing of branded food products.
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