J M Smucker (SJM) Releases Quarterly Earnings Results, Misses Estimates By $0.25 EPS

J M Smucker (NYSE:SJM) announced its quarterly earnings data on Thursday. The company reported $1.93 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.18 by ($0.25), RTT News reports. The company had revenue of $1.78 billion for the quarter, compared to analysts’ expectations of $1.80 billion. J M Smucker had a return on equity of 12.46% and a net margin of 17.16%. The company’s revenue was down .1% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.80 earnings per share. J M Smucker updated its FY19 guidance to $8.40-8.65 EPS.

NYSE SJM opened at $106.52 on Thursday. J M Smucker has a one year low of $99.57 and a one year high of $134.12. 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 company has a market capitalization of $12.05 billion, a P/E ratio of 13.80, a price-to-earnings-growth ratio of 1.36 and a beta of 0.61.

The firm also recently declared a quarterly dividend, which was paid on Friday, June 1st. Investors of record on Friday, May 11th were issued a $0.78 dividend. The ex-dividend date was Thursday, May 10th. This represents a $3.12 annualized dividend and a yield of 2.93%. J M Smucker’s payout ratio is 40.41%.

Several brokerages have recently weighed in on SJM. Wells Fargo & Co set a $100.00 price objective on shares of J M Smucker and gave the stock a “hold” rating in a report on Tuesday. Credit Suisse Group cut their price objective on shares of J M Smucker from $115.00 to $98.00 and set an “underperform” rating on the stock in a report on Tuesday. Susquehanna Bancshares set a $159.00 price objective on shares of J M Smucker and gave the stock a “buy” rating in a report on Sunday. ValuEngine lowered shares of J M Smucker from a “sell” rating to a “strong sell” rating in a report on Saturday, June 2nd. Finally, Zacks Investment Research lowered shares of J M Smucker from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 18th. Six research analysts have rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $128.46.

About J M Smucker

The J. M. Smucker Company manufactures and markets branded food and beverage products worldwide. It operates through U.S. Retail Coffee, U.S. Retail Consumer Foods, U.S. Retail Pet Foods, and International and Foodservice segments. The company primarily offers coffee, pet food products, pet snacks, peanut butter, fruit spreads, shortening and oils, baking mixes and ready-to-spread frostings, frozen sandwiches, flour and baking ingredients, juices and beverages, and portion control products.

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.

Leave a Reply