J M Smucker (NYSE:SJM) Issues Earnings Results
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.
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%.
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 SJM. Sit Investment Associates Inc. raised its stake in shares of J M Smucker by 234.0% during the 4th quarter. Sit Investment Associates Inc. now owns 885 shares of the company’s stock worth $110,000 after purchasing an additional 620 shares in the last quarter. 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.
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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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