JM Smucker Posts Earnings that Beat Estimates

For the first half of the financial year, net sales from United States retail consumer foods, net sales fell 1.7% to $1.23bn.

Adjusted income, before amortization, for the latest quarter was $1.91 per share, compared to last year’s $1.69 per share. Deutsche Bank reissued a “buy” rating on shares of J M Smucker in a research report on Wednesday, October 21st. The company said it is now expecting full-year adjusted EPS of $5.70 to $5.80 and sales of $7.9 billion. Susquehanna initiates coverage on J.M. Smucker Company (The) (NYSE:SJM).The analysts at the brokerage house have a current rating of Neutral on the shares.

The company’s 50 day moving average price is $116.36 and its 200-day moving average price is $113.77. Now the company Insiders own 3.5% of J.M. Smucker Company (The) shares according to the proxy statements. On a different note, The Company has disclosed insider buying and selling activities to the Securities Exchange, The officer (Vice President, HR Operations), of J M Smucker Co, Denman John W had unloaded 250 shares at $120 per share in a transaction on October 16, 2015.

Additionally, The JM Smucker Company now has a market capitalization of 13.57B. The stock was sold at an average price of $119.50, for a total transaction of $298,750.00.

Segment net sales decreased $20.4 million as net price realization was lower, reflecting price declines on the Pillsbury and Jifbrands in July 2015 and November 2014, respectively. Institutional Investors own 74.09% of J.M. Smucker Company (The) shares. The shares were sold at an average price of $117.55, for a total value of $222,639.70. However, the stock price could fluctuate by $ 4.17 from the estimate as it is suggested by the standard deviation reading. The disclosure for this sale can be found here. Analysts expected earnings of $5.75 per share on revenue of $8.13 billion.

The J.M. Smucker Company (SJM) has a weekly performance of – 1.610% and EPS growth this year of -38.60%. The Organization has four segments: U.S. Retail Java, U.S. Retail Consumer Foods, U.S. Retail Pet Foods, and worldwide, Foodservice and Natural Foods. The Company’s USA retail marketplace sections consist of the sale of branded food products to consumers through retail outlets in North America. Majority of the Company’s sales are in the United States. The pet products of the Company consist of dog bites, wet and dry cat food, dry and wet dog food and cat snacks.