The J.M. Smucker Company (NYSE:SJM) announced that earnings in the fiscal fourth-quarter moved up 9.7% as the food corporation’s sales climbed above anticipated regardless of lower product volume.
The food company also forecasts fiscal 2013 earnings in the range of $5 to $5.10 per share on 7% sales growth, while analysts polled by Thomson Reuters anticipate $5.23 per share on a 6% revenue boost.
Smucker announced a profit of $104.1 million or 93 cents per share in the three months finished April 30, high from $94.9 million or 82 cents in previous year. The company reported that earnings, without items like restructuring, merger and integration expenses, moved up to $1.10 from $1.
J.M. Smucker announced sales climbed 14% to $1.36 billion. Thomson Reuters analysts survey had previously anticipated earnings of 99 cents on $1.35 billion of revenue.
Shifting readers focus to broader market, let’s consider market performance of other stocks that significantly affect same sector. Ralcorp Holdings, Inc. (NYSE:RAH) increased +0.06% to settle at $63.85, The Hain Celestial Group, Inc. (NASDAQ:HAIN) moved down -1.85% to end at $53.56 while TreeHouse Foods Inc. (NYSE:THS) plunged -0.56% to finish on Thursday at $58.43.
The J.M. Smucker Company (NYSE:SJM) last session volume of 1.10 million shares was surprisingly higher than its average volume of 574,193.00 shares. The stock after opening at $76.00 hit high price of $77.32 and then closed at $76.09 by scoring +0.05%.
SJM generated revenue of 5.36 billion in the following twelve months and earned $446.19 million. The Company showed a positive 8.41% in the net profit margin and as well as in its operating margin which remained 14.16%. Company’s annual sales growth for the past five year was 17.50%.
The SJM past twelve months price to sales ratio was 1.59 and price to cash ratio remained 23.01. As far as the returns are concern, the SJM return on equity was recorded as 8.30% and dropped 5.40% return on investment while its return on asset stayed at 5.12%.
The stock showed weekly downbeat performance of -0.61% which was maintained for the month at +0.542%. Likewise the positive performance for the quarter was recorded as +1.33% and for the year was +2.15% while the YTD performance remained at -1.45%.
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