J M Smucker (NYSE:SJM) issued its quarterly earnings data on Friday. The company reported $2.50 earnings per share for the quarter, beating the consensus estimate of $2.16 by $0.34, Bloomberg Earnings reports. The firm had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.89 billion. J M Smucker had a net margin of 7.72% and a return on equity of 11.98%. The company’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same quarter last year, the firm earned $2.00 earnings per share. J M Smucker updated its FY18 guidance to $8.20-8.30 EPS.
J M Smucker (NYSE SJM) opened at $124.46 on Friday. J M Smucker has a twelve month low of $99.57 and a twelve month 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 company has a market capitalization of $14,138.41, a P/E ratio of 15.90, a price-to-earnings-growth ratio of 2.12 and a beta of 0.65.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Friday, February 9th will be issued a dividend of $0.78 per share. The ex-dividend date is Thursday, February 8th. This represents a $3.12 annualized dividend and a yield of 2.51%. J M Smucker’s dividend payout ratio (DPR) is presently 28.08%.
Several institutional investors have recently made changes to their positions in SJM. Sit Investment Associates Inc. grew its stake in shares of J M Smucker by 234.0% in the fourth quarter. Sit Investment Associates Inc. now owns 885 shares of the company’s stock worth $110,000 after acquiring an additional 620 shares during the last quarter. Independence Bank of Kentucky acquired a new stake in shares of J M Smucker in the fourth quarter worth $173,000. Ramsay Stattman Vela & Price Inc. acquired a new stake in shares of J M Smucker in the fourth quarter worth $200,000. Avestar Capital LLC acquired a new stake in shares of J M Smucker in the fourth quarter worth $200,000. Finally, Flagship Harbor Advisors LLC acquired a new stake in shares of J M Smucker in the third quarter worth $201,000. Institutional investors and hedge funds own 76.10% of the company’s stock.
Several equities analysts recently weighed in on SJM shares. Susquehanna Bancshares set a $150.00 price objective on shares of J M Smucker and gave the company a “buy” rating in a research report on Thursday, January 4th. Jefferies Group set a $135.00 price objective on shares of J M Smucker and gave the company a “buy” rating in a research report on Saturday, November 18th. Credit Suisse Group set a $120.00 price objective on shares of J M Smucker and gave the company a “hold” rating in a research report on Wednesday, January 10th. Wells Fargo & Co set a $128.00 price objective on shares of J M Smucker and gave the company a “hold” rating in a research report on Thursday, January 4th. Finally, Zacks Investment Research raised shares of J M Smucker from a “sell” rating to a “hold” rating in a research report on Wednesday, October 25th. Four equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the stock. J M Smucker currently has an average rating of “Hold” and an average price target of $127.58.
ILLEGAL ACTIVITY WARNING: “J M Smucker (SJM) Issues Quarterly Earnings Results, Beats Estimates By $0.34 EPS” was originally published by Chaffey Breeze and is owned by of Chaffey Breeze. If you are accessing this story on another domain, it was stolen and reposted in violation of US and international trademark & copyright laws. The original version of this story can be read at https://www.chaffeybreeze.com/2018/02/18/j-m-smucker-sjm-issues-quarterly-earnings-results-beats-estimates-by-0-34-eps.html.
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.
Receive News & Ratings for J M Smucker Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for J M Smucker and related companies with MarketBeat.com's FREE daily email newsletter.