The J. M. Smucker Company (SJM - Free Report) engages in the manufacture and marketing of branded food products worldwide. The company’s primary products include coffee, peanut butter, fruit spreads, shortening and oils, baking mixes and ready-to-spread frostings, and canned milk.
Strong organic sales growth, product innovation and constant efforts to expand through acquisitions have remained the company’s strong points over the past several quarters. The divestiture of its US canned milk brands and operations to Eagle Family Foods Group will allow the company to focus on the key brands and growth opportunities. Encouragingly, the company will witness growth in coffee volumes in the coming quarters owing to lower coffee price and increase from sales of Dunkin Donuts K-Cup pods.
Investors should also note the recent earnings estimate revisions for SJM, as the consensus estimate has been going upwards over the past 30 days. SJM has a mixed earnings history. SJM has delivered positive surprise in all the last four quarters, making for an average positive surprise of 19.93%.
Currently, SJM has a Zacks Rank #3 (Hold), but that could definitely change following Smucker’s earnings report which was just released. We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: SJM posted adjusted earnings of $1.86 per share, significantly beating our consensus of $1.75 per share. Investors should note that these figures take out stock option expenses.
Revenue: SJM posted revenues of $1.816 billion, missing our consensus estimate of $1.884 billion.
Key Stats to Note: The company maintained its full-year fiscal 2017 earnings outlook, with adjusted earnings per share expected to range from $7.60 to $7.75.
Stock Price: Shares increased 0.49% in pre-market trading.
Check back later for our full write up on this SJM earnings report later!
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Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
The J. M. Smucker Company (SJM - Free Report) engages in the manufacture and marketing of branded food products worldwide. The company’s primary products include coffee, peanut butter, fruit spreads, shortening and oils, baking mixes and ready-to-spread frostings, and canned milk.
Strong organic sales growth, product innovation and constant efforts to expand through acquisitions have remained the company’s strong points over the past several quarters. The divestiture of its US canned milk brands and operations to Eagle Family Foods Group will allow the company to focus on the key brands and growth opportunities. Encouragingly, the company will witness growth in coffee volumes in the coming quarters owing to lower coffee price and increase from sales of Dunkin Donuts K-Cup pods.
Investors should also note the recent earnings estimate revisions for SJM, as the consensus estimate has been going upwards over the past 30 days. SJM has a mixed earnings history. SJM has delivered positive surprise in all the last four quarters, making for an average positive surprise of 19.93%.
Currently, SJM has a Zacks Rank #3 (Hold), but that could definitely change following Smucker’s earnings report which was just released. We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: SJM posted adjusted earnings of $1.86 per share, significantly beating our consensus of $1.75 per share. Investors should note that these figures take out stock option expenses.
Revenue: SJM posted revenues of $1.816 billion, missing our consensus estimate of $1.884 billion.
Key Stats to Note: The company maintained its full-year fiscal 2017 earnings outlook, with adjusted earnings per share expected to range from $7.60 to $7.75.
Stock Price: Shares increased 0.49% in pre-market trading.
Check back later for our full write up on this SJM earnings report later!
Want the latest recommendations from Zacks Investment Research? Today, you can download7 Best Stocks for the Next 30 Days.Click to get this free report >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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