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

J. M. Smucker (NYSE:SJM) issued an update on its FY25 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $9.60-10.00 for the period, compared to the consensus estimate of $10.03. 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 $8.97 billion. J. M. Smucker also updated its FY 2025 guidance to 9.600-10.000 EPS.

Analyst Ratings Changes

Several brokerages have recently weighed in on SJM. Citigroup lowered their price target on shares of J. M. Smucker from $139.00 to $138.00 and set a buy rating on the stock in a research report on Tuesday, August 20th. Barclays dropped their price objective on J. M. Smucker from $132.00 to $123.00 and set an equal weight rating for the company in a research note on Monday, June 10th. StockNews.com lowered J. M. Smucker from a hold rating to a sell rating in a research note on Wednesday, August 21st. TD Cowen lowered their target price on J. M. Smucker from $140.00 to $135.00 and set a buy rating for the company in a report on Friday, June 7th. Finally, Argus cut their price target on shares of J. M. Smucker from $150.00 to $135.00 and set a buy rating on the stock in a research note on Thursday, June 13th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of Hold and a consensus price target of $132.57.

J. M. Smucker Price Performance

Shares of SJM opened at $116.00 on Wednesday. The firm has a market capitalization of $12.32 billion, a price-to-earnings ratio of 16.95, a PEG ratio of 2.42 and a beta of 0.25. The firm’s fifty day simple moving average is $115.79 and its 200-day simple moving average is $116.83. J. M. Smucker has a twelve month low of $105.69 and a twelve month high of $147.48. The company has a current ratio of 0.52, a quick ratio of 0.25 and a debt-to-equity ratio of 0.88.

J. M. Smucker (NYSE:SJM) last posted its earnings results on Wednesday, August 28th. The company reported $2.44 earnings per share for the quarter, topping the consensus estimate of $2.17 by $0.27. The firm had revenue of $2.13 billion during the quarter, compared to analysts’ expectations of $2.13 billion. J. M. Smucker had a return on equity of 14.15% and a net margin of 9.10%. The firm’s revenue was up 17.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.21 earnings per share. Equities analysts forecast that J. M. Smucker will post 10.05 EPS for the current fiscal year.

J. M. Smucker Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 3rd. Shareholders of record on Friday, August 16th will be paid a $1.08 dividend. This represents a $4.32 annualized dividend and a yield of 3.72%. The ex-dividend date is Friday, August 16th. This is an increase from J. M. Smucker’s previous quarterly dividend of $1.06. J. M. Smucker’s dividend payout ratio is currently 60.67%.

Insider Activity at J. M. Smucker

In other J. M. Smucker news, CEO Mark T. Smucker sold 10,000 shares of the firm’s stock in a transaction on Friday, June 21st. The shares were sold at an average price of $110.16, for a total transaction of $1,101,600.00. Following the transaction, the chief executive officer now directly owns 78,757 shares of the company’s stock, valued at approximately $8,675,871.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 3.40% of the company’s stock.

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.