Brokers Offer Predictions for J. M. Smucker FY2027 Earnings

The J. M. Smucker Company (NYSE:SJM - Free Report) - Investment analysts at DA Davidson issued their FY2027 EPS estimates for shares of J. M. Smucker in a research report issued to clients and investors on Friday, July 18th. DA Davidson analyst B. Holland forecasts that the company will earn $9.56 per share for the year. The consensus estimate for J. M. Smucker's current full-year earnings is $9.88 per share.

J. M. Smucker (NYSE:SJM - Get Free Report) last released its quarterly earnings results on Tuesday, June 10th. The company reported $2.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.25 by $0.06. J. M. Smucker had a negative net margin of 14.10% and a positive return on equity of 15.20%. The company had revenue of $2.14 billion for the quarter, compared to analysts' expectations of $2.18 billion. During the same period last year, the company earned $2.66 EPS. The firm's revenue for the quarter was down 2.8% compared to the same quarter last year.

Several other analysts also recently issued reports on the stock. Royal Bank Of Canada assumed coverage on shares of J. M. Smucker in a research report on Monday, July 7th. They issued an "outperform" rating and a $130.00 price objective for the company. UBS Group decreased their price target on shares of J. M. Smucker from $134.00 to $129.00 and set a "buy" rating for the company in a research report on Friday, June 6th. BNP Paribas raised shares of J. M. Smucker from a "strong sell" rating to a "strong-buy" rating in a report on Wednesday, July 9th. Citigroup decreased their price objective on shares of J. M. Smucker from $128.00 to $118.00 and set a "buy" rating for the company in a report on Wednesday, June 11th. Finally, Morgan Stanley reaffirmed an "overweight" rating and issued a $124.00 price objective (up previously from $123.00) on shares of J. M. Smucker in a report on Friday, June 6th. Six research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $117.33.

J. M. Smucker Trading Down 0.9%

NYSE SJM traded down $0.98 during mid-day trading on Monday, hitting $105.18. The company's stock had a trading volume of 2,410,327 shares, compared to its average volume of 1,342,968. J. M. Smucker has a 52-week low of $93.30 and a 52-week high of $125.42. The stock's fifty day simple moving average is $105.38 and its two-hundred day simple moving average is $108.48. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.81 and a quick ratio of 0.35. The firm has a market capitalization of $11.20 billion, a P/E ratio of 10.49, a price-to-earnings-growth ratio of 8.00 and a beta of 0.31.

Hedge Funds Weigh In On J. M. Smucker

Several hedge funds have recently added to or reduced their stakes in SJM. Vanguard Group Inc. raised its position in shares of J. M. Smucker by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 13,344,933 shares of the company's stock worth $1,469,544,000 after purchasing an additional 130,533 shares during the period. FMR LLC raised its position in J. M. Smucker by 11.3% in the 4th quarter. FMR LLC now owns 3,734,305 shares of the company's stock valued at $411,222,000 after buying an additional 380,309 shares during the last quarter. Invesco Ltd. grew its stake in J. M. Smucker by 8.6% in the first quarter. Invesco Ltd. now owns 2,623,254 shares of the company's stock valued at $310,620,000 after purchasing an additional 208,231 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of J. M. Smucker by 2.3% during the 4th quarter. Geode Capital Management LLC now owns 2,609,952 shares of the company's stock worth $286,664,000 after acquiring an additional 58,231 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in shares of J. M. Smucker by 12.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,257,127 shares of the company's stock worth $267,252,000 after acquiring an additional 248,110 shares during the period. Institutional investors and hedge funds own 81.66% of the company's stock.

Insider Activity at J. M. Smucker

In related news, Director Tarang Amin purchased 1,050 shares of the stock in a transaction on Thursday, June 12th. The shares were purchased at an average cost of $96.09 per share, for a total transaction of $100,894.50. Following the completion of the transaction, the director directly owned 3,825 shares of the company's stock, valued at approximately $367,544.25. The trade was a 37.84% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.24% of the stock is currently owned by company insiders.

J. M. Smucker Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th will be issued a dividend of $1.10 per share. The ex-dividend date of this dividend is Friday, August 15th. This is a positive change from J. M. Smucker's previous quarterly dividend of $1.08. This represents a $4.40 dividend on an annualized basis and a dividend yield of 4.18%. J. M. Smucker's payout ratio is -37.37%.

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.