J M Smucker Co (SJM) Expected to Post Quarterly Sales of $1.88 Billion

Equities research analysts forecast that J M Smucker Co (NYSE:SJM) will announce $1.88 billion in sales for the current quarter, according to Zacks Investment Research. Six analysts have issued estimates for J M Smucker’s earnings, with the lowest sales estimate coming in at $1.87 billion and the highest estimate coming in at $1.90 billion. J M Smucker also posted sales of $1.88 billion during the same quarter last year. The firm is expected to issue its next earnings results on Friday, February 16th.

On average, analysts expect that J M Smucker will report full year sales of $1.88 billion for the current fiscal year, with estimates ranging from $7.34 billion to $7.42 billion. For the next fiscal year, analysts forecast that the firm will post sales of $7.52 billion per share, with estimates ranging from $7.37 billion to $7.77 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that follow J M Smucker.

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

A number of research firms have recently weighed in on SJM. Credit Suisse Group set a $120.00 price target on shares of J M Smucker and gave the company a “hold” rating in a research note on Wednesday, January 10th. Wells Fargo & Co set a $128.00 price target on shares of J M Smucker and gave the company a “hold” rating in a research note on Thursday, January 4th. Susquehanna Bancshares set a $150.00 price target on shares of J M Smucker and gave the company a “buy” rating in a research note on Thursday, January 4th. Jefferies Group set a $135.00 price target on shares of J M Smucker and gave the company a “buy” rating in a research note on Saturday, November 18th. Finally, Stifel Nicolaus raised their price target on shares of J M Smucker from $109.00 to $113.00 and gave the company a “hold” rating in a research note on Friday, November 17th. Four research analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company’s stock. J M Smucker has an average rating of “Hold” and a consensus price target of $127.75.

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

Hedge funds and other institutional investors have recently modified their holdings of the stock. Koch Industries Inc. bought a new position in J M Smucker in the 2nd quarter valued at approximately $495,000. Shell Asset Management Co. raised its holdings in J M Smucker by 828.6% during the 3rd quarter. Shell Asset Management Co. now owns 103,685 shares of the company’s stock worth $10,264,000 after purchasing an additional 92,519 shares during the last quarter. Moors & Cabot Inc. raised its holdings in J M Smucker by 43.8% during the 2nd quarter. Moors & Cabot Inc. now owns 10,641 shares of the company’s stock worth $1,268,000 after purchasing an additional 3,239 shares during the last quarter. PVG Asset Management Corp raised its holdings in J M Smucker by 107.0% during the 2nd quarter. PVG Asset Management Corp now owns 65,330 shares of the company’s stock worth $7,730,000 after purchasing an additional 33,777 shares during the last quarter. Finally, Flagship Harbor Advisors LLC bought a new position in J M Smucker during the 3rd quarter worth approximately $201,000. Institutional investors and hedge funds own 74.98% of the company’s stock.

J M Smucker (NYSE:SJM) traded up $1.85 on Thursday, hitting $127.53. 806,720 shares of the stock were exchanged, compared to its average volume of 676,255. J M Smucker has a one year low of $99.57 and a one year high of $143.68. The company has a current ratio of 0.96, a quick ratio of 0.42 and a debt-to-equity ratio of 0.61. The firm has a market cap of $14,487.15, a P/E ratio of 17.40, a P/E/G ratio of 2.18 and a beta of 0.66.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Friday, February 9th will be issued a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a yield of 2.45%. J M Smucker’s dividend payout ratio (DPR) is presently 63.03%.

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About J M Smucker

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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