J M Smucker Co (SJM) Releases Earnings Results, Beats Expectations By $0.12 EPS

J M Smucker Co (SJM) reported quarterly earnings results on Tuesday, Aug-23-2016. The company said it had a profit of $1.86 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.12. Analysts had a consensus of $1.74. The company posted revenue of $1815.80 million in the period, compared to analysts expectations of $1887.56 million. The company’s revenue was down -7.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.32 EPS.

Many Wall Street Analysts have commented on J M Smucker Co. J M Smucker Co was Downgraded by Jefferies to ” Hold” on Jun 10, 2016. Company shares were Reiterated by Deutsche Bank on Jun 10, 2016 to “Buy”, Firm has raised the Price Target to $ 152 from a previous price target of $143 .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 opened for trading at $154.12 and hit $154.86 on the upside on Friday, eventually ending the session at $154.61, with a gain of 0.16% or 0.24 points. The heightened volatility saw the trading volume jump to 13,33,350 shares. Company has a market cap of $18,001 M.

In a different news, on Jun 27, 2016, David J West (director) sold 865 shares at $145.65 per share price. According to the SEC, on Jun 27, 2016, Jill R Penrose (SVP, Human Resources) sold 519 shares at $146.96 per share price. On Jun 27, 2016, Kathryn W Dindo (director) sold 1,466 shares at $146.50 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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