J. M. Smucker (NYSE:SJM) Releases Earnings Results, Beats Estimates By $0.24 EPS

J. M. Smucker (NYSE:SJM - Get Free Report) released its earnings results on Thursday. The company reported $2.61 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.37 by $0.24, Zacks reports. The firm had revenue of $2.19 billion for the quarter, compared to analysts' expectations of $2.23 billion. J. M. Smucker had a return on equity of 14.35% and a net margin of 5.96%. J. M. Smucker updated its FY 2025 guidance to 9.850-10.150 EPS.

J. M. Smucker Trading Up 1.5 %

Shares of NYSE:SJM traded up $1.61 during trading on Monday, reaching $112.14. The stock had a trading volume of 1,459,204 shares, compared to its average volume of 1,205,505. J. M. Smucker has a 52 week low of $98.77 and a 52 week high of $127.59. The firm's fifty day moving average is $106.19 and its 200 day moving average is $113.11. The stock has a market cap of $11.93 billion, a price-to-earnings ratio of 22.70, a P/E/G ratio of 3.91 and a beta of 0.27. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.27 and a current ratio of 0.58.

J. M. Smucker Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Friday, February 14th will be given a $1.08 dividend. The ex-dividend date is Friday, February 14th. This represents a $4.32 dividend on an annualized basis and a dividend yield of 3.85%. J. M. Smucker's dividend payout ratio (DPR) is currently -179.25%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on SJM shares. TD Cowen cut shares of J. M. Smucker from a "buy" rating to a "hold" rating and lowered their price objective for the stock from $130.00 to $121.00 in a research report on Wednesday, January 8th. Stifel Nicolaus lowered their price target on shares of J. M. Smucker from $125.00 to $120.00 and set a "hold" rating for the company in a report on Friday, January 24th. Barclays dropped their price target on J. M. Smucker from $123.00 to $119.00 and set an "equal weight" rating for the company in a research note on Monday. Finally, Wells Fargo & Company boosted their price objective on J. M. Smucker from $130.00 to $135.00 and gave the stock an "overweight" rating in a research report on Wednesday, November 27th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $126.13.

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Insider Activity at J. M. Smucker

In other news, CFO Tucker H. Marshall sold 994 shares of J. M. Smucker stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $113.00, for a total value of $112,322.00. Following the completion of the transaction, the chief financial officer now directly owns 18,734 shares of the company's stock, valued at approximately $2,116,942. This trade represents a 5.04 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 3.40% of the stock is owned by company insiders.

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.