Wall Street brokerages predict that J.M. Smucker Company (The) (NYSE:SJM) will post earnings of $1.88 per share for the current quarter, Zacks Investment Research reports. Six analysts have provided estimates for J.M. Smucker Company (The)’s earnings, with estimates ranging from $1.85 to $1.91. J.M. Smucker Company (The) reported earnings of $2.05 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 8.3%. The business is scheduled to report its next earnings results on Thursday, November 16th.

According to Zacks, analysts expect that J.M. Smucker Company (The) will report full year earnings of $7.75 per share for the current financial year, with EPS estimates ranging from $7.57 to $7.90. For the next financial year, analysts anticipate that the company will post earnings of $8.22 per share, with EPS estimates ranging from $7.97 to $8.54. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that that provide coverage for J.M. Smucker Company (The).

J.M. Smucker Company (The) (NYSE:SJM) last issued its earnings results on Thursday, August 24th. The company reported $1.51 EPS for the quarter, missing the Thomson Reuters’ consensus estimate 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 business had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.81 billion. During the same quarter in the prior year, the firm posted $1.86 earnings per share. The business’s revenue was down 3.7% compared to the same quarter last year.

Several equities analysts have recently issued reports on SJM shares. Citigroup Inc. reduced their target price on J.M. Smucker Company (The) from $155.00 to $133.00 and set a “buy” rating for the company in a report on Friday, August 25th. Stephens lowered J.M. Smucker Company (The) from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $165.00 to $125.00 in a report on Wednesday, July 19th. Credit Suisse Group reaffirmed a “neutral” rating and issued a $126.00 target price (down from $138.00) on shares of J.M. Smucker Company (The) in a report on Friday, May 19th. Zacks Investment Research raised J.M. Smucker Company (The) from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Finally, J P Morgan Chase & Co reaffirmed an “overweight” rating and issued a $135.00 target price (down from $137.00) on shares of J.M. Smucker Company (The) in a report on Wednesday, June 28th. Four analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $126.73.

Shares of J.M. Smucker Company (NYSE:SJM) traded up 1.06% on Friday, hitting $107.14. The stock had a trading volume of 1,073,047 shares. J.M. Smucker Company has a 52 week low of $103.50 and a 52 week high of $143.68. The company has a 50-day moving average of $116.49 and a 200 day moving average of $125.32. The company has a market capitalization of $12.16 billion, a price-to-earnings ratio of 22.51 and a beta of 0.62.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Friday, August 11th were issued a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a yield of 2.91%. This is a positive change from J.M. Smucker Company (The)’s previous quarterly dividend of $0.75. The ex-dividend date was Wednesday, August 9th. J.M. Smucker Company (The)’s dividend payout ratio is 65.55%.

In other news, insider Steven Oakland sold 6,047 shares of the firm’s stock in a transaction on Thursday, June 22nd. The stock was sold at an average price of $122.00, for a total value of $737,734.00. Following the completion of the transaction, the insider now directly owns 47,667 shares of the company’s stock, valued at $5,815,374. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Sandra Pianalto purchased 250 shares of the business’s stock in a transaction dated Tuesday, June 27th. The stock was bought at an average cost of $120.61 per share, with a total value of $30,152.50. Following the completion of the acquisition, the director now directly owns 250 shares of the company’s stock, valued at $30,152.50. The disclosure for this purchase can be found here. Over the last three months, insiders have sold 16,030 shares of company stock valued at $1,948,195. 3.50% of the stock is owned by corporate insiders.

Several institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of J.M. Smucker Company (The) by 2.2% in the second quarter. Vanguard Group Inc. now owns 12,209,001 shares of the company’s stock worth $1,444,691,000 after acquiring an additional 265,451 shares during the period. BlackRock Inc. boosted its holdings in shares of J.M. Smucker Company (The) by 7.6% in the second quarter. BlackRock Inc. now owns 8,162,040 shares of the company’s stock worth $965,814,000 after acquiring an additional 578,984 shares during the period. State Street Corp boosted its holdings in shares of J.M. Smucker Company (The) by 0.9% in the second quarter. State Street Corp now owns 5,496,377 shares of the company’s stock worth $650,374,000 after acquiring an additional 49,959 shares during the period. FMR LLC boosted its holdings in shares of J.M. Smucker Company (The) by 17.1% in the second quarter. FMR LLC now owns 2,352,150 shares of the company’s stock worth $278,330,000 after acquiring an additional 343,013 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of J.M. Smucker Company (The) by 2.4% in the second quarter. Dimensional Fund Advisors LP now owns 1,706,412 shares of the company’s stock worth $201,918,000 after acquiring an additional 39,972 shares during the period. 73.57% of the stock is owned by hedge funds and other institutional investors.

ILLEGAL ACTIVITY WARNING: “J.M. Smucker Company (The) (SJM) Expected to Post Earnings of $1.88 Per Share” was originally published by American Banking News and is the property of of American Banking News. If you are reading this piece on another site, it was copied illegally and republished in violation of U.S. and international copyright laws. The correct version of this piece can be read at https://www.americanbankingnews.com/2017/09/10/j-m-smucker-company-the-sjm-expected-to-post-earnings-of-1-88-per-share.html.

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.

Get a free copy of the Zacks research report on J.M. Smucker Company (The) (SJM)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for J.M. Smucker Company (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for J.M. Smucker Company (The) and related companies with MarketBeat.com's FREE daily email newsletter.