Wall Street analysts expect J M Smucker Co (NYSE:SJM) to post sales of $1.88 billion for the current quarter, Zacks Investment Research reports. Six analysts have issued estimates for J M Smucker’s earnings, with estimates ranging from $1.87 billion to $1.90 billion. J M Smucker also posted sales of $1.88 billion in the same quarter last year. The business is expected to report its next quarterly earnings results on Friday, February 16th.

According to Zacks, analysts expect that J M Smucker will report full year sales of $1.88 billion for the current financial year, with estimates ranging from $7.34 billion to $7.42 billion. For the next year, analysts expect that the firm will report sales of $7.52 billion per share, with estimates ranging from $7.37 billion to $7.77 billion. Zacks’ sales 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 EPS for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $1.92 billion for the quarter, compared to analyst estimates of $1.90 billion. During the same quarter in the previous year, the company posted $2.05 EPS. The business’s revenue was up .5% on a year-over-year basis.

A number of equities research analysts have commented on SJM shares. Wells Fargo & Co set a $128.00 price target on J M Smucker and gave the company a “hold” rating in a research report on Thursday, January 4th. Susquehanna Bancshares set a $141.00 price target on J M Smucker and gave the company a “buy” rating in a research report on Friday, December 8th. Morgan Stanley set a $112.00 price target on J M Smucker and gave the company a “sell” rating in a research report on Friday, November 17th. Jefferies Group set a $135.00 price target on J M Smucker and gave the company a “buy” rating in a research report on Saturday, November 18th. Finally, Credit Suisse Group set a $110.00 price target on J M Smucker and gave the company a “hold” rating in a research report on Friday, November 17th. Four analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company. J M Smucker presently has an average rating of “Hold” and an average target price of $127.75.

In related news, insider David J. Lemmon sold 1,205 shares of the company’s stock in a transaction that occurred on Friday, December 29th. The stock was sold at an average price of $124.54, for a total transaction of $150,070.70. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Jeannette L. Knudsen sold 1,600 shares of the company’s stock in a transaction that occurred on Thursday, December 28th. The stock was sold at an average price of $124.36, for a total value of $198,976.00. Following the transaction, the senior vice president now directly owns 23,452 shares in the company, valued at $2,916,490.72. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 5,610 shares of company stock worth $698,093. 3.50% of the stock is owned by corporate insiders.

A number of hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in J M Smucker by 2.2% during the 2nd quarter. Vanguard Group Inc. now owns 12,209,001 shares of the company’s stock worth $1,444,691,000 after buying an additional 265,451 shares during the period. State Street Corp raised its stake in J M Smucker by 0.9% during the 2nd quarter. State Street Corp now owns 5,496,377 shares of the company’s stock worth $650,374,000 after buying an additional 49,959 shares during the period. FMR LLC raised its stake in J M Smucker by 17.1% during the 2nd quarter. FMR LLC now owns 2,352,150 shares of the company’s stock worth $278,330,000 after buying an additional 343,013 shares during the period. Dimensional Fund Advisors LP raised its stake in J M Smucker by 1.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,733,594 shares of the company’s stock worth $181,908,000 after buying an additional 27,182 shares during the period. Finally, Schroder Investment Management Group raised its stake in J M Smucker by 4.4% during the 3rd quarter. Schroder Investment Management Group now owns 1,217,700 shares of the company’s stock worth $128,005,000 after buying an additional 50,960 shares during the period. 74.98% of the stock is currently owned by institutional investors and hedge funds.

Shares of J M Smucker (SJM) opened at $125.84 on Thursday. J M Smucker has a 52-week low of $99.57 and a 52-week high of $143.68. The company has a market capitalization of $14,300.00, a PE ratio of 25.47, a price-to-earnings-growth ratio of 2.11 and a beta of 0.66. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.96 and a quick ratio of 0.42.

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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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