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

J. M. Smucker (NYSE:SJM) announced its quarterly earnings results on Tuesday. The company reported $2.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.49 by $0.27, Briefing.com reports. The business had revenue of $2.27 billion during the quarter, compared to the consensus estimate of $2.27 billion. J. M. Smucker had a net margin of 8.77% and a return on equity of 14.22%. The business’s revenue was up 17.2% compared to the same quarter last year. During the same quarter last year, the firm posted $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 Up 0.3 %

Shares of NYSE:SJM opened at $113.65 on Tuesday. J. M. Smucker has a 1 year low of $105.69 and a 1 year high of $134.62. The stock has a 50-day simple moving average of $116.42 and a 200-day simple moving average of $115.55. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.25 and a current ratio of 0.55. The stock has a market capitalization of $12.09 billion, a P/E ratio of 16.07, a PEG ratio of 3.18 and a beta of 0.25.

J. M. Smucker Dividend Announcement

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

Wall Street Analysts Forecast Growth

SJM has been the subject of a number of research analyst reports. TD Cowen dropped their target price on shares of J. M. Smucker from $135.00 to $132.00 and set a “buy” rating for the company in a report on Thursday, August 29th. Citigroup reduced their price objective on 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 lowered their target price on J. M. Smucker from $140.00 to $130.00 and set an “overweight” rating on the stock in a report on Thursday, August 29th. StockNews.com upgraded shares of J. M. Smucker from a “sell” rating to a “hold” rating in a research report on Monday, September 30th. Finally, Bank of America lowered their price objective on shares of J. M. Smucker from $130.00 to $122.00 and set a “neutral” rating on the stock in a research note on Thursday, August 29th. One investment 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. Based on data from MarketBeat.com, the company currently has a consensus 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.