The JM Smucker Company (NYSE:SJM) Gapping Down Ahead of the Open

Andrew Cummings
February 17, 2017

J.M. Smucker Co reported a bigger-than-expected drop in quarterly revenue, hurt by lower sales of its Folgers coffee and pet snacks.

J.M. Smucker Company (The)(SJM) is having a Dividend Yield of 2.17% with the Annual cash Dividend per share of $2.65.

Earnings: SJM posted adjusted earnings of $2.00 per share, meeting our consensus. The company reported $2.05 EPS for the quarter, beating the analyst consensus estimate by $ 0.12.

The food maker posted revenue of $1.88 billion in the period, missing Street forecasts.

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.

While looking at the Stock's Performance, The J.M. Smucker Company now shows a Weekly Performance of 0.1%, where Monthly Performance is 4.2%, Quarterly performance is 7.6%, 6 Months performance is -9.07% and yearly performance percentage is 10.39%.

Smucker shares have increased almost 8 percent since the beginning of the year, while the Standard & Poor's 500 index has increased almost 5 percent. The stock has performed 0.10% over the last seven days, 4.20% over the last thirty, and 7.60% over the last three months.

The J.M. Smucker Company (NYSE:SJM) shares are moving lower ahead of the market open, gapping down -3.51% as the stock now sits at $131.50 before the bell.Shares of The J.M. Smucker Company (NYSE:SJM) gapped down -3.51% between sessions as the shares stand at $131.50 before the open. The company has a 52-week high of $157.309. The Market Capitalization of the company stands at 16.01 Billion. The J.M. Smucker Company P/E (price to earnings) ratio is 22.47 and Forward P/E ratio of 17.06. With the volume soaring to 2,461,336 shares, the last trade was called at $137.84. The stock has moved up across its 50-day moving average of $133.93. 13 Analysts reported that the Price Target for The J.M. Smucker Company might touch $165 high while the Average Price Target and Low price Target is $138.46 and $123 respectively.

Nonetheless, and in the immediate aftermath of reporting, investor reaction in The J.M. Smucker Company (SJM) stock has proven to be much more bearish. The firm touched its 52-Week high on April 22, 2016 and 52-Week low on Aug 3, 2016.

The Relative Volume of the company is 2.67 and Average Volume (3 months) is 922.38 million. Year to Date performance value (YTD perf) value is 8.22%.

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