Brokerages expect that J M Smucker Co (NYSE:SJM) will post earnings per share of $2.13 for the current quarter, according to Zacks. Six analysts have made estimates for J M Smucker’s earnings, with estimates ranging from $2.03 to $2.20. J M Smucker posted earnings of $2.00 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 6.5%. The firm is scheduled to announce its next earnings results on Friday, February 16th.

On average, analysts expect that J M Smucker will report full year earnings of $7.80 per share for the current year, with EPS estimates ranging from $7.71 to $7.85. For the next fiscal year, analysts expect that the company will post earnings of $8.24 per share, with EPS estimates ranging from $8.00 to $8.39. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that follow J M Smucker.

J M Smucker (NYSE:SJM) last released its quarterly earnings results on Thursday, November 16th. The company reported $2.02 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.90 by $0.12. J M Smucker had a return on equity of 11.98% and a net margin of 7.72%. The business had revenue of $1.92 billion during the quarter, compared to analysts’ expectations of $1.90 billion. During the same period in the previous year, the business posted $2.05 earnings per share. The firm’s revenue for the quarter was up .5% compared to the same quarter last year.

A number of brokerages recently commented on SJM. Citigroup lowered their price objective on J M Smucker from $155.00 to $133.00 and set a “buy” rating for the company in a research report on Friday, August 25th. Morgan Stanley reiterated a “sell” rating and issued a $108.00 price objective (down from $114.00) on shares of J M Smucker in a research report on Friday, August 25th. Zacks Investment Research upgraded J M Smucker from a “sell” rating to a “hold” rating in a research report on Wednesday, October 25th. BidaskClub lowered J M Smucker from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 26th. Finally, Susquehanna Bancshares upgraded J M Smucker from a “neutral” rating to a “positive” rating and lifted their price objective for the stock from $110.00 to $127.00 in a research report on Monday, November 13th. Four investment analysts have rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company. J M Smucker presently has a consensus rating of “Hold” and a consensus target price of $126.00.

Institutional investors have recently bought and sold shares of the company. BlackRock Inc. grew its position in shares of J M Smucker by 7.6% in the 2nd quarter. BlackRock Inc. now owns 8,162,040 shares of the company’s stock valued at $965,814,000 after purchasing an additional 578,984 shares during the period. Dai Ichi Life Insurance Company Ltd grew its position in shares of J M Smucker by 7.8% in the 2nd quarter. Dai Ichi Life Insurance Company Ltd now owns 20,669 shares of the company’s stock valued at $2,446,000 after purchasing an additional 1,500 shares during the period. Koch Industries Inc. acquired a new position in shares of J M Smucker in the 2nd quarter valued at approximately $495,000. Aviva PLC grew its position in shares of J M Smucker by 1.3% in the 2nd quarter. Aviva PLC now owns 70,815 shares of the company’s stock valued at $8,380,000 after purchasing an additional 910 shares during the period. Finally, Swiss National Bank grew its position in shares of J M Smucker by 2.6% in the 2nd quarter. Swiss National Bank now owns 534,399 shares of the company’s stock valued at $63,235,000 after purchasing an additional 13,300 shares during the period. Institutional investors own 75.46% of the company’s stock.

J M Smucker (NYSE:SJM) traded up $0.69 during trading on Wednesday, hitting $117.95. The company had a trading volume of 943,900 shares, compared to its average volume of 1,116,043. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.96 and a quick ratio of 0.42. J M Smucker has a fifty-two week low of $99.57 and a fifty-two week high of $143.68. The company has a market capitalization of $13,320.46, a PE ratio of 16.00, a price-to-earnings-growth ratio of 2.17 and a beta of 0.67.

The business also recently announced a quarterly dividend, which was paid on Friday, December 1st. Stockholders of record on Friday, November 10th were given a dividend of $0.78 per share. The ex-dividend date of this dividend was Thursday, November 9th. This represents a $3.12 annualized dividend and a dividend yield of 2.65%. J M Smucker’s payout ratio is currently 63.03%.

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J M Smucker 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.

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

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