J M Smucker Co(NYSE:SJM) announced the earnings results for Fiscal Year 2017 and Q2. The results came in during Pre-market on Nov 17, 2016. Company reported revenue of $1.91B. Analysts estimated a revenue of $2.00B. The revenues were $-86.00M or NaN% below the estimates. Earnings per share were $2.05. The reported EPS was above estimates by $0.12 or 6.22%. Analysts had estimated an EPS of $1.93.
In a different note, On Sep 27, 2016, Credit Suisse said it Downgrades its rating on J M Smucker Co. In the research note, the firm Lowers the price-target to $158.00 per share. The shares have been rated ‘Neutral’ by the firm.
J M Smucker Co (SJM) remained unchanged at the close of Monday session. Even as the volume increased to 19,54,399 ,the shares failed to make any impression and ended at 0 points or 0.00% at $124.85. The trading session commenced at $124.47 and the stock hit a high of $125.57 and touched $123.82 at the lower end. Considering that the stock pared all of the losses, it can be said as a positive sign. The share price has a 52-week high of $157.309 and the 52-week low is $112.12. The company has a market cap of $14,535 M and has approximately 11,64,17,978 outstanding shares.
Several Insider Transactions has been reported to the SEC. On Jun 27, 2016, David J West (director) sold 865 shares at $145.65 per share price.Also, 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.