The J. M. Smucker Company (SJM), headquartered in Orrville, Ohio, manufactures and markets branded food and beverage products worldwide. Valued at $12.55 billion by market cap, the company offers coffee, peanut butter, fruit spreads, frozen handheld, sweet baked goods, dog snacks, and cat food through its brands, including Folgers, Dunkin, Café Bustelo, Jif, Smucker’s Uncrustables, Smucker’s, Hostess, Voortman, Milk-Bone, and Meow Mix. The food and beverage manufacturer is expected to announce its fiscal first-quarter earnings for 2025 on Tuesday, Sep. 3.
Ahead of the event, analysts expect SJM to report a profit of $2.19 per share on a diluted basis, down marginally from $2.21 per share in the year-ago quarter. The company has consistently surpassed Wall Street’s EPS estimates in its last four quarterly reports.
For fiscal 2025, analysts expect SJM to report EPS of $10.06, up 1.2% from $9.94 in fiscal 2023.
SJM stock has significantly underperformed the S&P 500’s ($SPX) 14.5% gains on a YTD basis, with shares down 6.5% during this period. Similarly, it underperformed the S&P 500 Cons Staples Sector SPDR’s (XLP) 9.1% gains over the same time frame.
On Jun. 6, SJM shares closed up more than 4% after reporting its Q4 results. Its adjusted EPS of $2.66 surpassed the consensus estimates of $2.33. Its revenue of $2.21 billion fell short of the Wall Street estimates of $2.25 billion. For the full year, SJM’s net sales fell 4% year over year to $8.2 billion, and adjusted EPS rose 11% year over year to $9.94. For fiscal 2025, the company expects net sales to increase 9.5% to 10.5% and adjusted EPS to be between $9.80 and $10.20. It expects a free cash flow of $900 million.
Analysts’ consensus opinion on SJM stock is bullish, with a “Moderate Buy” rating overall. Out of 13 analysts covering the stock, five advise a “Strong Buy” rating, and eight recommend a “Hold.” The average analyst price target for SJM is $128.33, indicating an 8.6% potential upside from the current levels.
On the date of publication, Dipanjan Banchur did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
