J M Smucker (NYSE:SJM) issued its quarterly earnings data on Friday, February 16th. The company reported $2.50 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.16 by $0.34, Bloomberg Earnings reports. J M Smucker had a return on equity of 12.46% and a net margin of 17.16%. The company had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $1.89 billion. During the same period last year, the business earned $2.00 earnings per share. The business’s revenue was up 1.3% on a year-over-year basis. J M Smucker updated its FY18 guidance to $8.20-8.30 EPS.

J M Smucker (NYSE:SJM) opened at $130.31 on Tuesday. J M Smucker has a 12-month low of $99.57 and a 12-month high of $140.04. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.64 and a current ratio of 1.48. The firm has a market capitalization of $14,758.80, a P/E ratio of 16.59, a price-to-earnings-growth ratio of 2.00 and a beta of 0.62.

How to Become a New Pot Stock Millionaire

The company also recently declared a quarterly dividend, which was paid on Thursday, March 1st. Shareholders of record on Friday, February 9th were given a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a yield of 2.39%. The ex-dividend date of this dividend was Thursday, February 8th. J M Smucker’s dividend payout ratio (DPR) is currently 28.08%.

SJM has been the subject of several recent research reports. Susquehanna Bancshares reissued a “buy” rating and set a $151.00 price objective on shares of J M Smucker in a report on Friday, January 26th. Gabelli reissued a “buy” rating on shares of J M Smucker in a report on Monday, March 5th. Credit Suisse Group set a $120.00 target price on J M Smucker and gave the stock a “hold” rating in a research report on Wednesday, January 10th. Deutsche Bank boosted their target price on J M Smucker from $130.00 to $134.00 and gave the stock a “hold” rating in a research report on Tuesday, February 20th. Finally, Zacks Investment Research upgraded J M Smucker from a “hold” rating to a “buy” rating and set a $137.00 target price for the company in a research report on Tuesday, February 20th. Five analysts have rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $129.43.

In other news, 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 transaction of $198,976.00. Following the sale, 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 is available at the SEC website. Also, 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 value of $150,070.70. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 5,610 shares of company stock valued at $698,093. Insiders own 3.50% of the company’s stock.

Several institutional investors have recently made changes to their positions in the company. Sit Investment Associates Inc. raised its stake in J M Smucker by 234.0% in the 4th quarter. Sit Investment Associates Inc. now owns 885 shares of the company’s stock valued at $110,000 after acquiring an additional 620 shares during the period. Independence Bank of Kentucky bought a new stake in J M Smucker in the 4th quarter valued at $173,000. Ramsay Stattman Vela & Price Inc. bought a new stake in J M Smucker in the 4th quarter valued at $200,000. Avestar Capital LLC bought a new stake in J M Smucker in the 4th quarter valued at $200,000. Finally, Flagship Harbor Advisors LLC bought a new stake in J M Smucker in the 3rd quarter valued at $201,000. Institutional investors own 77.65% of the company’s stock.

WARNING: This piece was first reported by Marea Informative and is owned by of Marea Informative. If you are reading this piece on another domain, it was illegally copied and reposted in violation of United States and international copyright and trademark legislation. The correct version of this piece can be accessed at https://www.mareainformativa.com/2018/03/13/j-m-smucker-sjm-announces-quarterly-earnings-results-updated-updated-updated.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.

Earnings History for J M Smucker (NYSE:SJM)

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.