J. M. Smucker (NYSE:SJM) Announces Quarterly Earnings Results, Beats Expectations By $0.27 EPS

J. M. Smucker (NYSE:SJM) issued its earnings results on Tuesday. The company reported $2.76 EPS for the quarter, topping the consensus estimate of $2.49 by $0.27, Briefing.com reports. J. M. Smucker had a return on equity of 14.33% and a net margin of 5.96%. The firm had revenue of $2.27 billion during the quarter, compared to the consensus estimate of $2.27 billion. During the same quarter in the previous year, the firm earned $2.59 earnings per share. The business’s quarterly revenue was up 17.2% on a year-over-year basis. 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

Shares of SJM opened at $117.97 on Thursday. The stock has a 50-day moving average of $116.43 and a 200-day moving average of $115.59. J. M. Smucker has a one year low of $105.69 and a one year high of $134.62. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.55 and a quick ratio of 0.25. The company has a market cap of $12.55 billion, a PE ratio of 23.88, a P/E/G ratio of 3.37 and a beta of 0.25.

J. M. Smucker Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 15th will be issued a dividend of $1.08 per share. The ex-dividend date is Friday, November 15th. This represents a $4.32 annualized dividend and a dividend yield of 3.66%. J. M. Smucker’s dividend payout ratio is currently 87.45%.

Analyst Ratings Changes

SJM has been the subject of several research analyst reports. StockNews.com upgraded shares of J. M. Smucker from a “sell” rating to a “hold” rating in a report on Monday, September 30th. Wells Fargo & Company upped their target price on J. M. Smucker from $130.00 to $135.00 and gave the stock an “overweight” rating in a report on Wednesday. Bank of America dropped their price objective on shares of J. M. Smucker from $130.00 to $122.00 and set a “neutral” rating for the company in a report on Thursday, August 29th. Barclays reduced their target price on shares of J. M. Smucker from $123.00 to $121.00 and set an “equal weight” rating on the stock in a report on Friday, August 30th. Finally, Stifel Nicolaus downgraded shares of J. M. Smucker from a “buy” rating to a “hold” rating and dropped their price target for the company from $135.00 to $125.00 in a research note on Friday, October 25th. One analyst has rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $127.55.

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.