J. M. Smucker (NYSE:SJM) Announces Earnings Results

J. M. Smucker (NYSE:SJM) announced its quarterly earnings results on Tuesday. The company reported $2.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.49 by $0.27, Briefing.com reports. The company had revenue of $2.27 billion during the quarter, compared to the consensus estimate of $2.27 billion. J. M. Smucker had a return on equity of 14.22% and a net margin of 8.77%. J. M. Smucker’s revenue for the quarter was up 17.2% on a year-over-year basis. During the same period in the previous year, the business earned $2.59 EPS. J. M. Smucker updated its FY 2025 guidance to 9.700-10.100 EPS and its FY25 guidance to $9.70-10.10 EPS.

J. M. Smucker Stock Performance

NYSE SJM opened at $120.15 on Wednesday. The company has a current ratio of 0.55, a quick ratio of 0.25 and a debt-to-equity ratio of 0.87. The business’s 50 day moving average is $116.42 and its two-hundred day moving average is $115.55. J. M. Smucker has a 12-month low of $105.69 and a 12-month high of $134.62. The stock has a market capitalization of $12.79 billion, a price-to-earnings ratio of 16.99, a PEG ratio of 3.19 and a beta of 0.25.

J. M. Smucker Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Friday, November 15th will be given a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a yield of 3.60%. The ex-dividend date is Friday, November 15th. J. M. Smucker’s payout ratio is 61.10%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Wells Fargo & Company decreased their price target on J. M. Smucker from $140.00 to $130.00 and set an “overweight” rating for the company in a report on Thursday, August 29th. Bank of America reduced their price objective on J. M. Smucker from $130.00 to $122.00 and set a “neutral” rating for the company in a research note on Thursday, August 29th. StockNews.com raised J. M. Smucker from a “sell” rating to a “hold” rating in a research note on Monday, September 30th. BNP Paribas raised J. M. Smucker to a “strong sell” rating in a research note on Thursday, August 29th. Finally, Stifel Nicolaus downgraded J. M. Smucker from a “buy” rating to a “hold” rating and reduced their price objective for the company from $135.00 to $125.00 in a research note on Friday, October 25th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, J. M. Smucker currently has a consensus rating of “Hold” and an average price target of $127.09.

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.