The J.M. Smucker Company (SJM) Releases FY15 Earnings Guidance
The J.M. Smucker Company (NYSE:SJM) updated its FY15 earnings guidance on Wednesday. The company provided earnings per share guidance of 5.95-6.05 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $6.02, AnalystRatingsNetwork reports.
SJM has been the subject of a number of recent research reports. 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’s stock. The stock presently has a consensus rating of Hold and an average target price of $109.20.
The J.M. Smucker Company (NYSE:SJM) opened at 103.45 on Wednesday. The J.M. Smucker Company has a 52 week low of $87.10 and a 52 week high of $112.95. The stock has a 50-day moving average of $104.0 and a 200-day moving average of $100.. The company has a market cap of $10.536 billion and a P/E ratio of 19.04.
The J.M. Smucker Company (NYSE:SJM) last released its earnings data on Wednesday, August 20th. The company reported $1.34 earnings per share for the quarter, missing the analysts’ consensus estimate of $1.37 by $0.03. The company had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.37 billion. During the same quarter last year, the company posted $1.24 earnings per share. The J.M. Smucker Company’s revenue was down 2.0% compared to the same quarter last year. Analysts expect that The J.M. Smucker Company will post $6.02 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, September 2nd. Shareholders of record on Friday, August 15th will be paid a dividend of $0.64 per share. This represents a $2.56 annualized dividend and a dividend yield of 2.47%. The ex-dividend date is Wednesday, August 13th. This is a positive change 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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