Smucker Tumbles As Sluggish Pet Food Sales Weigh On Forecast
Aug 25 2016
The company's revenue was down -7.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.32 EPS.
Wall Street expects Best Buy Co Inc (NYSE: BBY) to report quarterly earnings at $0.43 per share on revenue of $8.40 billion before the opening bell.
Investors should also note the recent earnings estimate revisions for SJM, as the consensus estimate has been going upwards over the past 30 days.
Net sales fell 7 percent to $1.82 billion, down for the first time in six quarters. A Director at The J.M. Smucker Company (SJM) sold shares in a trading activity completed on Friday June 24, 2016. Now the stock price is moving -8.25% off from the highest level of twelve months and +40.65% above from twelve months low. The J.M. Smucker Company's stock price now sits at $142.04. "We're seeing more humanization of pets, and consumers looking at more premium products", said Barry Dunaway, Smucker's head of pet foods and snacks.
The maker of Folgers coffee, Jif peanut butter and Smucker's jams and jellies now sees adjusted 2016 sales to be down 1% or flat, vs. a prior forecast for a 1% increase.
Automakers and technology firms are striking new alliances to commercialize self-driving cars following being caught off guard by Silicon Valley companies such as Alphabet Inc, Tesla Motors Inc and Apple Inc, which have invested millions of dollars in the technology. In essence, the P/E ratio of Newell Brands Inc. specifies the dollar amount an investor can anticipate to invest in the company to receive one dollar of the company's earnings. The company's quarterly revenue was down 7.0% compared to the same quarter previous year.
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That comes even though J.M. Smucker has noted the growth potential for the broader category, with the nation's pet population rising as more millennials and baby boomers adopt pets.
That's even though Kibbles "n Bits" market share in the dog food category declined to 1.9 percent past year, down from 3 percent in 2011, according to market researcher Euromonitor.
ATR value of company was 2.70 and Relative Strength Index (RSI) was 33.38.
Archer-Daniels-Midland Company's (ADM) has YTD performance of 23.20%. The mean price target is calculated keeping in view the consensus of 12 brokerage firms. The person owning the stock on the ex-dividend date gets the benefit of the dividend, irrespective of the current holder of the stock.
The company's 20-Day Simple Moving Average is measured to be 7.44% with its 200-Day Simple Moving average wandering at 21.31%. As far as the returns are concern, the return on equity was recorded as 9.60% and return on investment was 6.90% while its return on asset stayed at 4.20%.