J M Smucker Co (SJM) Releases Earnings Results, Reports EPS of $1.19 EPS

J M Smucker Co (SJM) reported quarterly earnings results on Thursday, Jun-9-2016. The company reported $1.19 EPS for the quarter. Analysts had a consensus estimate of $1.19. The company posted revenue of $1808.00 million in the period, compared to analysts expectations of $1745.44 million. The company’s revenue was up 24.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.98 EPS.

Many Wall Street Analysts have commented on J M Smucker Co. Company shares were Reiterated by Deutsche Bank on Jun 3, 2016 to “Buy”, Firm has raised the Price Target to $ 143 from a previous price target of $137 .J M Smucker Co was Initiated by KeyBanc Capital Mkts to “Sector Weight” on May 26, 2016. J M Smucker Co was Downgraded by Goldman to ” Sell” on Apr 4, 2016.

J M Smucker Co opened for trading at $131.87 and hit $133.21 on the upside on Tuesday, eventually ending the session at $132.53, with a gain of 0.45% or 0.6 points. The heightened volatility saw the trading volume jump to 6,75,002 shares. Company has a market cap of $15,862 M.

In a different news, on Apr 18, 2016, John W Denman (Vice President, HR Operations) sold 250 shares at $127.55 per share price. According to the SEC, on Mar 30, 2016, Jill R Penrose (Vice President) sold 652 shares at $130.11 per share price. On Nov 20, 2015, David J Lemmon (Vice President) sold 1,062 shares at $120.00 per share price, according to the Form-4 filing with the securities and exchange commission.

The J. M. Smucker Company is a manufacturer and marketer of consumer food and beverage products and pet food and pet snacks in North America. The Company has four segments: U.S. Retail Coffee U.S. Retail Consumer Foods U.S. Retail Pet Foods and International Foodservice and Natural Foods. The Company’s U.S. retail market segments consist of the sale of branded food products to consumers through retail outlets in North America. The Company’s International Foodservice and Natural Foods segment represents sales outside of the U.S. retail market segments. The Company’s principal consumer food and beverage products are coffee peanut butter fruit spreads shortening and oils baking mixes and ready-to-spread frostings canned milk flour and baking ingredients juices and beverages frozen sandwiches toppings syrups pickles condiments grain products and nut mix products. The Company’s pet products consist of dry and wet dog food dry and wet cat food dog snacks and cat snacks.

J M Smucker Co

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