The J. M. Smucker Company (NYSE:SJM) spotted trading -19.26% off 52-week high price. On the other end, the stock has been noted 13.55% away from the low price over the last 52-weeks. The stock changed -8.18% to recent value of $103.69. The stock transacted 5678076 shares during most recent day however it has an average volume of 870.06K shares. The company has 116.81M of outstanding shares and 109.1M shares were floated in the market.
On Aug. 27, 2019, The J. M. Smucker Company (NYSE:SJM) declared results for the first quarter ended July 31, 2019, of its 2020 fiscal year. Financial results include the contribution from Ainsworth Pet Nutrition, LLC (Ainsworth), which was acquired on May 14, 2018, and reflect the divestiture of the Company’s U.S. baking business on August 31, 2018. All comparisons are to the first quarter of the prior fiscal year, unless otherwise noted.
EXECUTIVE SUMMARY
- Net sales decreased $123.6 million, or 6 percent. Comparable net sales decreased 4 percent.
- Net income per diluted share was $1.36. Adjusted earnings per share was $1.58, a decrease of 11 percent.
- Cash from operations was $221.5 million, a decrease of 9 percent. Free cash flow was $148.5 million in the quarter, compared to $141.7 million in the prior year.
- The Company updated its full-year fiscal 2020 net sales and adjusted earnings per share outlook.
CHIEF EXECUTIVE OFFICER REMARKS
Our first quarter performance fell short of our expectations primarily due to the timing of shipments and deflationary pricing in the coffee and peanut butter categories, as well as competitive activity in the premium dog food category, said Mark Smucker, Chief Executive Officer.
We have continued momentum in many key product categories, and we are already taking decisive actions and prioritizing initiatives that strengthen our business. We remain confident in our strategy, which includes a continued focus on our growth imperatives to lead in the best categories, build brands consumers love, and be everywhere, combined with a relentless focus on operating with financial discipline, all of which will enhance shareholder value for the long term.
Its earnings per share (EPS) expected to touch remained -9.70% for this year while earning per share for the next 5-years is expected to reach at 4.84%. SJM has a gross margin of 37.20% and an operating margin of 11.80% while its profit margin remained 6.50% for the last 12 months.
According to the most recent quarter its current ratio was 0.7 that represents company’s ability to meet its current financial obligations. The price moved ahead of -8.12% from the mean of 20 days, -10.10% from mean of 50 days SMA and performed -7.34% from mean of 200 days price. Company’s performance for the week was -9.50%, -9.32% for month and YTD performance remained 10.91%.
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