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SJM

J.M. Smucker

$104.40

-1.15 (-1.09%)

07:08
11/22/19
11/22
07:08
11/22/19
07:08

J.M. Smucker CEO says Q2 sales performance did not meet expectations

"While our second quarter sales performance did not meet our expectations, we delivered EPS growth ahead of our projection, reflecting our commitment to maintain financial discipline and strengthen our bottom line," said Mark Smucker, president and CEO. "Despite continuing softness for our premium dog food offerings, we were pleased with the performance for the balance of our portfolio, as the momentum for our cat food and pet snacks businesses continued with year over year sales increases, our high growth coffee brands improved household penetration and market share, and Smucker's(R) Uncrustables(R) grew 19 percent, helping accelerate growth in snacking. Looking ahead, the actions we are taking across the Company, including the recently announced leadership changes, position us well for future long-term growth and shareholder value creation."

  • 22

    Nov

SJM J.M. Smucker
$104.40

-1.15 (-1.09%)

08/28/19
GUGG
08/28/19
NO CHANGE
Target $93
GUGG
Sell
J.M. Smucker price target lowered to $93 from $99 at Guggenheim
Guggenheim analyst Laurent Grandet lowered his price target for J.M. Smucker to $93 from $99 and keeps a Sell rating on the shares. The company's fiscal Q1 results missed expectations and management lowered the company's fiscal 2020 sales and earnings guidance only one quarter into the year, Grandet tells investors in a research note. The analyst continues to think J.M. Smucker will struggle to generate organic growth in the coffee and pet segments.
08/28/19
WELS
08/28/19
NO CHANGE
Target $107
WELS
Market Perform
J.M. Smucker price target lowered to $107 from $114 at Wells Fargo
Wells Fargo analyst John Baumgartner lowered his price target for J.M. Smucker to $107 from $114 after the company delivered "big" Q1 revenue and EPS misses, while reducing guidance. The analyst reiterates a Market Perform rating on the shares.
11/13/19
FBCO
11/13/19
DOWNGRADE
Target $95
FBCO
Underperform
J.M. Smucker downgraded to Underperform from Neutral at Credit Suisse
Credit Suisse analyst Robert Moskow downgraded J.M. Smucker to Underperform from Neutral with a price target of $95, down from $100. With consensus already below management's FY20 guidance of $8.35-$8.55, Moskow tells investors in a research note that it is fair to say that J.M. Smucker is already an out-of-favor stock, but believes that consensus and the market underestimate the extent to which earnings will need to be revised lower as structural challenges continue to mount.
11/13/19
11/13/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Skyworks (SWKS) downgraded to Hold from Buy at Canaccord with analyst T. Michael Walkley saying he believes the company is well positioned to grow faster than the broader semi market for the next several years due to smartphone mix among Chinese OEMs requiring integrated Rf solutions, growing IoT opportunities, and the ramping 5G market opportunities. 2. D.R. Horton (DHI) downgraded to Neutral from Buy at Buckingham. 3. Diplomat Pharmacy (DPLO) downgraded to Equal Weight from Overweight at Barclays with analyst Steven Valiquette saying Diplomat's strategic review is ongoing, which could lead to a sale of the entire company, or simultaneous asset sales that could unlock value. 4. Alcoa (AA) downgraded to Underperform from Neutral at BofA/Merrill with analyst Timna Tanners citing limited catalysts and a cautious aluminum view, adding that while the stock price has risen about 16% since reporting Q3, aluminum price was up only about 6% in that time frame. 5. J.M. Smucker (SJM) downgraded to Underperform from Neutral at Credit Suisse with analyst Robert Moskow saying with consensus already below management's FY20 guidance of $8.35-$8.55, it is fair to say that J.M. Smucker is already an out-of-favor stock, but he believes that consensus and the market underestimate the extent to which earnings will need to be revised lower as structural challenges continue to mount. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

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SCHW

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AQST

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AMOT

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LILA

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HOCPY

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  • 16

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ADBE

Adobe

$305.76

2.01 (0.66%)

, SRPT

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-1.15 (-1.13%)

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AVGO

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COST

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CNC

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  • 23

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SRPT

Sarepta

$100.39

-1.15 (-1.13%)

18:40
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PHR

Phreesia

$28.67

0.1 (0.35%)

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  • 13

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SRPT

Sarepta

$100.39

-1.15 (-1.13%)

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ADBE

Adobe

$305.76

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SRPT

Sarepta

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AMZN

Amazon.com

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OHAI

OHA Investment

$1.28

(0.00%)

, PTMN

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$2.04

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ONCT

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HZN

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ORCL

Oracle

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  • 12

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SRPT

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-1.15 (-1.13%)

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ORCL

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  • 12

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NLNK

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EVRC

Evercel, Inc

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BXRX

Baudax Bio

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