J. M. Smucker (NYSE:SJM) Updates FY25 Earnings Guidance

J. M. Smucker (NYSE:SJM) updated its FY25 earnings guidance on Tuesday. The company provided EPS guidance of $9.70-10.10 for the period, compared to the consensus EPS estimate of $9.79. The company issued revenue guidance of +8.5-9.5% yr/yr to ~$8.87-8.96 billion, compared to the consensus revenue estimate of $8.89 billion. J. M. Smucker also updated its FY 2025 guidance to 9.700-10.100 EPS.

Analysts Set New Price Targets

SJM has been the subject of a number of recent research reports. Wells Fargo & Company lowered their target price on J. M. Smucker from $140.00 to $130.00 and set an “overweight” rating for the company in a research note on Thursday, August 29th. Citigroup dropped their price objective on shares of J. M. Smucker from $138.00 to $136.00 and set a “buy” rating on the stock in a research note on Thursday, August 29th. StockNews.com upgraded shares of J. M. Smucker from a “sell” rating to a “hold” rating in a research note on Monday, September 30th. BNP Paribas raised shares of J. M. Smucker to a “strong sell” rating 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 report on Friday, August 30th. One 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. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $127.09.

J. M. Smucker Stock Up 5.7 %

NYSE:SJM opened at $120.15 on Wednesday. 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 company has a market capitalization of $12.79 billion, a price-to-earnings ratio of 16.99, a price-to-earnings-growth ratio of 3.19 and a beta of 0.25. J. M. Smucker has a one year low of $105.69 and a one 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.

J. M. Smucker (NYSE:SJM) last issued its earnings results on Tuesday, November 26th. The company reported $2.76 EPS for the quarter, topping the consensus estimate of $2.49 by $0.27. J. M. Smucker had a return on equity of 14.22% and a net margin of 8.77%. The company had revenue of $2.27 billion during the quarter, compared to analyst estimates of $2.27 billion. During the same quarter last year, the firm earned $2.59 EPS. The business’s revenue was up 17.2% on a year-over-year basis. Sell-side analysts predict that J. M. Smucker will post 9.79 EPS for the current fiscal year.

J. M. Smucker Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 15th will be given a $1.08 dividend. 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 3.60%. J. M. Smucker’s payout ratio is currently 61.10%.

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.