What Analysts Recommend for J.M. Smucker Stock
Analysts continue to have a “neutral” outlook on J.M. Smucker (SJM) stock despite the company’s better-than-expected fiscal 3Q18 earnings.
J.M. Smucker’s (SJM) adjusted gross margin fell 10 basis points to 38.4% in fiscal 3Q18 due to increased freight costs and an inventory obsolescence charge.
Sales for J.M. Smucker’s (SJM) U.S. Retail Coffee segment increased 2.4% in fiscal 3Q18, reflecting improved volumes and mix.
J.M. Smucker (SJM) reported fiscal 3Q18 sales of $1.9 billion in fiscal 3Q18, which surpassed analysts’ estimate and increased 1.3% YoY.
J.M. Smucker (SJM) reported better-than-expected fiscal 3Q18 earnings on February 16, 2018.
J.M. Smucker (SJM) stock closed 1.6% higher on Friday, February 16, 2018, thanks to better-than-expected fiscal 3Q18 results.
The Kraft Heinz Company’s (KHC) 4Q17 sales of $6.9 billion reflected marginal growth of 0.3% on a YoY (year-over-year) basis but fell short of analysts’ expectations.
A couple of analysts have lowered their price targets on the Kraft Heinz Company (KHC) stock following its weaker-than-expected 4Q17 earnings.
The Kraft Heinz Company (KHC) reported weaker-than-expected 4Q17 earnings on February 16, 2018.
The Kraft Heinz Company (KHC) reported weaker-than-expected 4Q17 results on February 16, 2018.
Of the analysts covering J.M. Smucker stock, 59% recommend a “hold,” 23% suggest a “buy,” and 18% recommend a “sell” rating.
J.M. Smucker’s (SJM) profit margins are expected to remain low on a YoY (year-over-year) basis.
Analysts expect J.M. Smucker (SJM) to report sales of $1.9 billion in fiscal 3Q18, up ~1.0% on a year-over-year basis.
J.M. Smucker’s bottom line is expected to benefit from anticipated improvement in sales and moderating green coffee costs.
J.M. Smucker (SJM) projects year-over-year bottom-line growth in fiscal 3Q18 after reporting declines in the last few quarters.
Of the 23 analysts providing ratings for Kellogg stock, 65% suggest a “hold,” 22% recommend a “buy,” and 13% maintain a “sell.”
Kellogg’s (K) gross margin came in at 38.5% in 4Q17, down 130 basis points on a YoY (year-over-year) basis.
Kellogg’s (K) European business in 4Q17 had its best quarterly performance of 2017.
Kellogg’s (K) North America segment continued to slide in 4Q17. It reported total sales of $2.1 billion, a 1.7% decline on a YoY (year-over-year) basis.
Kellogg (K) reported better-than-expected sales in 4Q17. Its top line came in at $3.2 billion, which surpassed analysts’ expectation.