J. M. Smucker (NYSE:SJM) Issues Earnings Results

J. M. Smucker (NYSE:SJM) posted its earnings results on Tuesday. The company reported $2.76 EPS for the quarter, beating analysts’ consensus estimates of $2.49 by $0.27, Briefing.com reports. J. M. Smucker had a return on equity of 14.22% and a net margin of 8.77%. The company had revenue of $2.27 billion for the quarter, compared to the consensus estimate of $2.27 billion. During the same quarter in the previous year, the business earned $2.59 earnings per share. The company’s revenue for the quarter was up 17.2% on a year-over-year basis. J. M. Smucker updated its FY 2025 guidance to 9.700-10.100 EPS and its FY25 guidance to $9.70-10.10 EPS.

J. M. Smucker Trading Up 5.7 %

SJM opened at $120.15 on Wednesday. J. M. Smucker has a 12 month low of $105.69 and a 12 month high of $134.62. The stock has a market capitalization of $12.79 billion, a price-to-earnings ratio of 16.99, a PEG ratio of 3.19 and a beta of 0.25. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.55 and a quick ratio of 0.25. The business has a fifty day moving average price of $116.42 and a 200 day moving average price of $115.55.

J. M. Smucker Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 15th will be paid a dividend of $1.08 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $4.32 annualized dividend and a yield of 3.60%. J. M. Smucker’s payout ratio is 61.10%.

Analysts Set New Price Targets

A number of research firms have commented on SJM. Wells Fargo & Company reduced their target price on J. M. Smucker from $140.00 to $130.00 and set an “overweight” rating on the stock in a research report on Thursday, August 29th. Stifel Nicolaus cut J. M. Smucker from a “buy” rating to a “hold” rating and dropped their price objective for the company from $135.00 to $125.00 in a research note on Friday, October 25th. BNP Paribas raised J. M. Smucker to a “strong sell” rating in a research note on Thursday, August 29th. DA Davidson reaffirmed a “neutral” rating and issued a $121.00 price objective on shares of J. M. Smucker in a research note on Thursday, August 29th. Finally, Citigroup dropped their price objective on J. M. Smucker from $138.00 to $136.00 and set a “buy” rating for the company in a research note on Thursday, August 29th. One analyst has rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $127.09.

J. M. Smucker Company Profile

The J. M. Smucker Company manufactures and markets branded food and beverage products worldwide. It operates in three segments: U.S. Retail Pet Foods, U.S. Retail Coffee, and U.S. Retail Consumer Foods. The company offers mainstream roast, ground, single serve, and premium coffee; peanut butter and specialty spreads; fruit spreads, toppings, and syrups; jelly products; nut mix products; shortening and oils; frozen sandwiches and snacks; pet food and pet snacks; and foodservice hot beverage, foodservice portion control, and flour products, as well as dog and cat food, frozen handheld products, juices and beverages, and baking mixes and ingredients.