J M Smucker (NYSE:SJM) issued an update on its FY20 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $8.35-8.55 for the period, compared to the Thomson Reuters consensus estimate of $8.47. The company issued revenue guidance of $7.76-7.84 billion, compared to the consensus revenue estimate of $7.87 billion.J M Smucker also updated its FY 2020 guidance to $8.35-8.55 EPS.
Shares of NYSE:SJM opened at $103.69 on Wednesday. The company has a market cap of $12.68 billion, a PE ratio of 12.51, a P/E/G ratio of 3.25 and a beta of 0.42. The company’s 50-day moving average price is $113.36 and its 200 day moving average price is $115.76. J M Smucker has a fifty-two week low of $91.32 and a fifty-two week high of $128.43. The company has a quick ratio of 0.31, a current ratio of 0.69 and a debt-to-equity ratio of 0.59.
J M Smucker (NYSE:SJM) last issued its quarterly earnings data on Tuesday, August 27th. The company reported $1.58 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.75 by ($0.17). The firm had revenue of $1.78 billion during the quarter, compared to the consensus estimate of $1.88 billion. J M Smucker had a net margin of 6.56% and a return on equity of 11.80%. The company’s revenue for the quarter was down 6.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.78 earnings per share. As a group, equities analysts anticipate that J M Smucker will post 8.5 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 3rd. Investors of record on Friday, August 16th will be given a $0.88 dividend. The ex-dividend date is Thursday, August 15th. This is an increase from J M Smucker’s previous quarterly dividend of $0.85. This represents a $3.52 annualized dividend and a yield of 3.39%. J M Smucker’s dividend payout ratio (DPR) is currently 42.46%.
SJM has been the topic of several recent research reports. ValuEngine downgraded shares of J M Smucker from a hold rating to a sell rating in a research report on Thursday, August 1st. Wells Fargo & Co lifted their price objective on shares of J M Smucker from $110.00 to $114.00 and gave the company a market perform rating in a research report on Friday, June 7th. Credit Suisse Group cut their price objective on shares of J M Smucker from $120.00 to $114.00 and set a neutral rating on the stock in a research report on Monday, July 22nd. Zacks Investment Research downgraded shares of J M Smucker from a buy rating to a hold rating in a research report on Monday, May 20th. Finally, TheStreet downgraded shares of J M Smucker from a b- rating to a c+ rating in a research report on Tuesday, August 6th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of Hold and an average price target of $115.44.
In related news, insider Mark R. Belgya sold 750 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $113.55, for a total value of $85,162.50. Following the sale, the insider now directly owns 54,192 shares in the company, valued at approximately $6,153,501.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Mark T. Smucker sold 2,200 shares of the business’s stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $113.28, for a total transaction of $249,216.00. Following the completion of the sale, the chief executive officer now owns 140,975 shares in the company, valued at $15,969,648. The disclosure for this sale can be found here. Insiders have sold a total of 4,019 shares of company stock worth $457,363 over the last 90 days. 3.70% of the stock is owned by insiders.
J M Smucker Company Profile
The J. M. Smucker Co engages in the manufacture and marketing of branded food and beverage products. It operates through the following segments: U.S. Retail Coffee, U.S. Retail Consumer Foods, U.S. Retail Pet Foods, and International and Away From Home. The U. S. Retail Coffee segment includes the domestic sales of Folgers, Dunkin Donuts, and Cafe Bustelo branded coffee.
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