Earnings Report: Here’s what to expect from J M Smucker Stock Forecast, Price & News (NYSE:SJM)

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Earnings results for J M Smucker Stock Forecast, Price & News (NYSE:SJM)

J.M. Smucker Company (The) is expected* to report earnings on 08/25/2020 before market open. The report will be for the fiscal Quarter ending Jul 2020. According to Zacks Investment Research, based on 7 analysts’ forecasts, the consensus EPS forecast for the quarter is $1.6800000000000002. The reported EPS for the same quarter last year was $1.58.

J M Smucker last released its earnings results on June 4th, 2020. The reported $2.57 earnings per share for the quarter, beating the consensus estimate of $2.28 by $0.29. The business earned $2.09 billion during the quarter, compared to analyst estimates of $2.05 billion. Its revenue was up 10.0% compared to the same quarter last year. J M Smucker has generated $8.76 earnings per share over the last year and currently has a price-to-earnings ratio of 16.5. J M Smucker has confirmed that its next quarterly earnings report will be published on Tuesday, August 25th, 2020.

Analyst Opinion on J M Smucker Stock Forecast, Price & News (NYSE:SJM)

12 Wall Street analysts have issued ratings and price targets for J M Smucker in the last 12 months. Their average twelve-month price target is $113.00, predicting that the stock has a possible upside of 0.01%. The high price target for SJM is $132.00 and the low price target for SJM is $93.00. There are currently 3 sell ratings, 8 hold ratings and 1 buy rating for the stock, resulting in a consensus rating of “Hold.”

J M Smucker has received a consensus rating of Hold. The company’s average rating score is 1.83, and is based on 1 buy rating, 8 hold ratings, and 3 sell ratings. According to analysts’ consensus price target of $113.00, J M Smucker has a forecasted upside of 0.0% from its current price of $112.99. J M Smucker has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Dividend Strength: J M Smucker Stock Forecast, Price & News (NYSE:SJM)

J M Smucker pays a meaningful dividend of 3.21%, higher than the bottom 25% of all stocks that pay dividends. J M Smucker has been increasing its dividend for 18 years. The dividend payout ratio of J M Smucker is 41.10%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, J M Smucker will have a dividend payout ratio of 42.35% next year. This indicates that J M Smucker will be able to sustain or increase its dividend.

Insiders buying/selling: J M Smucker Stock Forecast, Price & News (NYSE:SJM)

In the past three months, J M Smucker insiders have sold more of their company’s stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $1,178,933.00 in company stock. Only 3.60% of the stock of J M Smucker is held by insiders. 77.89% of the stock of J M Smucker is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of J M Smucker Stock Forecast, Price & News (NYSE:SJM

Earnings for J M Smucker are expected to grow by 3.79% in the coming year, from $8.19 to $8.50 per share. The P/E ratio of J M Smucker is 16.54, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 18.58. The P/E ratio of J M Smucker is 16.54, which means that it is trading at a less expensive P/E ratio than the Consumer Staples sector average P/E ratio of about 49.47. J M Smucker has a PEG Ratio of 6.34. PEG Ratios above 1 indicate that a company could be overvalued. J M Smucker has a P/B Ratio of 1.57. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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