J. M. Smucker (NYSE:SJM) Releases FY 2026 Earnings Guidance

Key Points

• J. M. Smucker has issued its FY 2026 earnings guidance with an expected EPS range of 8.500-9.500, below the consensus estimate of 9.168.
• The company has announced a quarterly dividend increase to $1.10, up from the previous $1.08, representing a 4.0% dividend yield.
• Analysts have mixed forecasts for J. M. Smucker, with an average target price of $119.69, and notable upgrades in rating from Bank of America and JPMorgan Chase.

J. M. Smucker (NYSE:SJM - Get Free Report) issued an update on its FY 2026 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 8.500-9.500 for the period, compared to the consensus estimate of 9.168. The company issued revenue guidance of -.

J. M. Smucker Stock Down 1.0%

Shares of J. M. Smucker stock opened at $110.44 on Wednesday. The firm's 50 day moving average price is $106.32 and its 200-day moving average price is $109.54. The company has a quick ratio of 0.35, a current ratio of 0.81 and a debt-to-equity ratio of 1.16. J. M. Smucker has a 52-week low of $93.30 and a 52-week high of $125.42. The company has a market cap of $11.76 billion, a P/E ratio of -9.55, a PEG ratio of 8.30 and a beta of 0.31.

J. M. Smucker (NYSE:SJM - Get Free Report) last issued its quarterly earnings data on Tuesday, June 10th. The company reported $2.31 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 firm had revenue of $2.14 billion for the quarter, compared to the consensus estimate of $2.18 billion. During the same quarter in the previous year, the firm earned $2.66 EPS. The company's quarterly revenue was down 2.8% compared to the same quarter last year. J. M. Smucker has set its FY 2026 guidance at 8.500-9.500 EPS. On average, sell-side analysts predict that J. M. Smucker will post 9.88 EPS for the current fiscal year.

J. M. Smucker Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th will be given a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date of this dividend is Friday, August 15th. This is an increase from J. M. Smucker's previous quarterly dividend of $1.08. J. M. Smucker's payout ratio is presently -38.06%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on SJM shares. Bank of America boosted their target price on shares of J. M. Smucker from $105.00 to $120.00 and gave the stock a "neutral" rating in a research report on Tuesday, August 19th. Stifel Nicolaus boosted their target price on shares of J. M. Smucker from $106.00 to $110.00 and gave the stock a "hold" rating in a research report on Tuesday, July 29th. Jefferies Financial Group raised shares of J. M. Smucker from a "hold" rating to a "buy" rating and dropped their target price for the stock from $118.00 to $115.00 in a research report on Wednesday, June 11th. Citigroup dropped their target price on shares of J. M. Smucker from $128.00 to $118.00 and set a "buy" rating on the stock in a research report on Wednesday, June 11th. Finally, JPMorgan Chase & Co. raised shares of J. M. Smucker from a "neutral" rating to an "overweight" rating and boosted their target price for the stock from $102.00 to $129.00 in a research report on Wednesday, August 20th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have given a Hold rating to the company's stock. According to data from MarketBeat, J. M. Smucker presently has an average rating of "Moderate Buy" and an average target price of $119.69.

Insider Activity

In other news, Director Tarang Amin bought 1,050 shares of the firm's stock in a transaction that occurred on Thursday, June 12th. The stock was purchased at an average cost of $96.09 per share, for a total transaction of $100,894.50. Following the purchase, the director directly owned 3,825 shares in the company, valued at approximately $367,544.25. This trade represents a 37.84% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.24% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On J. M. Smucker

Large investors have recently made changes to their positions in the company. CYBER HORNET ETFs LLC acquired a new position in shares of J. M. Smucker in the 2nd quarter valued at $27,000. MUFG Securities EMEA plc acquired a new position in shares of J. M. Smucker in the 2nd quarter valued at $31,000. EverSource Wealth Advisors LLC lifted its stake in shares of J. M. Smucker by 111.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,071 shares of the company's stock valued at $105,000 after purchasing an additional 564 shares during the period. American Century Companies Inc. lifted its stake in shares of J. M. Smucker by 6.7% in the 2nd quarter. American Century Companies Inc. now owns 2,209 shares of the company's stock valued at $217,000 after purchasing an additional 138 shares during the period. Finally, Geneos Wealth Management Inc. lifted its stake in shares of J. M. Smucker by 61.2% in the 2nd quarter. Geneos Wealth Management Inc. now owns 2,221 shares of the company's stock valued at $218,000 after purchasing an additional 843 shares during the period. 81.66% of the stock is currently owned by institutional investors and hedge funds.

About J. M. Smucker

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.

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