J. M. Smucker (SJM) rises on earnings, revenue beat

J.M. Smucker (SJM) PT Raised to $137 at CFRA

February 27, 2024 12:39 PM EST

CFRA analyst Arun Sundaram raised the price target on J.M. Smucker (NYSE: SJM) to $137.00 (from $131.00) while maintaining a Hold rating.

The analyst comments "We lift our 12-month target $6 to $137, 13.5x our FY 25 (Apr.) EPS of $10.16 (up from $10.04; FY 24's raised to $9.76 from... More

JM Smucker beats Q3 profit estimates on sustained demand for frozen snacks, pet food

February 27, 2024 8:24 AM EST

(Reuters) - Jif peanut butter maker JM Smucker topped Wall Street estimates for third-quarter profit, as demand for its high-priced pet food and pantry staples held amid a backdrop of price rises in a high-inflation environment.

Demand for JM Smucker's frozen snacks like Uncrustables frozen sandwiches remained resilient even as cooking at home was increasingly popular among inflation-hit consumers.

The Orrville, Ohio-based company... More

J. M. Smucker (SJM) Tops Q3 EPS by 21c, provides guidance

February 27, 2024 7:06 AM EST

J. M. Smucker (NYSE: SJM) reported Q3 EPS of $2.48, $0.21 better than the analyst estimate of $2.27. Revenue for the quarter came in at $2.23 billion versus the consensus estimate of $2.22 billion.

GUIDANCE:

J. M. Smucker sees FY2024 EPS of $9.45-$9.65, versus the... More

Futures muted, Lowe's to report, Bitcoin jumps - what's moving markets

February 27, 2024 4:42 AM EST

Investing.com -- Futures hover around the flatline on Tuesday after last week's artificial intelligence-powered rally showed signs of slowing in the previous session. Lowe's (NYSE: LOW) is due to report its quarterly earnings, with investors keen to find out how the home improvement retailer is navigating a pullback in spending by inflation-squeezed shoppers. Elsewhere, Bitcoin hits the $57,000 mark and Disney announces a shake-up at its live action movie studios unit.

1. Futures... More