J. M. Smucker (NYSE:SJM) Releases Earnings Results, Beats Estimates By $0.27 EPS

J. M. Smucker (NYSE:SJM) posted its earnings results on Tuesday. The company reported $2.76 EPS for the quarter, beating the consensus estimate of $2.49 by $0.27, Briefing.com reports. The firm had revenue of $2.27 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.59 earnings per share. 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 Trading Up 0.3 %

NYSE SJM opened at $113.65 on Tuesday. The company has a quick ratio of 0.25, a current ratio of 0.55 and a debt-to-equity ratio of 0.87. The stock has a market capitalization of $12.09 billion, a P/E ratio of 16.07, a P/E/G ratio of 3.18 and a beta of 0.25. J. M. Smucker has a 52-week low of $105.69 and a 52-week high of $134.62. The firm has a 50-day moving average price of $116.42 and a 200 day moving average price of $115.55.

J. M. Smucker Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 15th will be paid a dividend of $1.08 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $4.32 dividend on an annualized basis and a dividend yield of 3.80%. J. M. Smucker’s dividend payout ratio (DPR) is 61.10%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on SJM. BNP Paribas upgraded J. M. Smucker to a “strong sell” rating in a report on Thursday, August 29th. StockNews.com raised shares of J. M. Smucker from a “sell” rating to a “hold” rating in a report on Monday, September 30th. Citigroup lowered their target price on shares of J. M. Smucker from $138.00 to $136.00 and set a “buy” rating for the company in a report on Thursday, August 29th. Wells Fargo & Company cut their price target on shares of J. M. Smucker from $140.00 to $130.00 and set an “overweight” rating on the stock in a research note on Thursday, August 29th. Finally, Barclays decreased their price objective on shares of J. M. Smucker from $123.00 to $121.00 and set an “equal weight” rating for the company in a research note on Friday, August 30th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, J. M. Smucker has an average rating of “Hold” and a consensus price target of $127.09.

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.