J.M. Smucker (NYSE:SJM) stock rallied on Friday following its fiscal 2Q profit topped Wall Street experts and the firm stated that it hopes for its 2012 earnings to arrive in above its earlier forecast.
The J.M. Smucker Co. (SJM), which develops fruit spreads, Jif peanut butter and Folgers coffee, reorted that its net income for the quarter concluded on July 31 declined slightly from last year. When omitting the affect of one-time items, the firm reported that it gained $1.17 per share.
Its competitors include ConAgra Foods, Inc. (NYSE:CAG) whose revenue remained 13.26 billion with the market capitalization of 10.08 billion and Kraft Foods Inc (NASDAQ:KFT) whose revenue came in 54.29 billion with the market capitalization of 71.87 billion.
Other consumer goods stocks include Ford Motor Company (NYSE:F) possessing revenue of 133.28 billion, General Motors Company (NYSE:GM) with 150.08 billion in revenue, The Coca-Cola Company (NYSE:KO) whose revenue remained 47.51 billion, Tyson Foods, Inc. (NYSE:TSN) having revenue of 33.31 billion, The Procter & Gamble Company (NYSE:PG) with 83.68 billion revenue and Xerox Corporation (NYSE:XRX) revenue came in 22.59 billion.
The J.M. Smucker Company (NYSE:SJM) stock reports on August 20, 2012 increased 1.57% to $84.26. Its fifty two week range was $66.43-$84.10. The total market capitalization remained $9.16 billion.
The overall volume in current trading session is 931,689 million shares. In its share capital SJM has 110.44 million outstanding shares among them 105.63 million shares have been floated in market exchange. SJM stock institutional ownership remained 74.80% while insider ownership included 1.67%.
SJM is ahead its 52 week low with 28.09% and going forward from its 52 week high price with 2.54%. SJM last month stock price volatility remained 1.35%. The stock price of SJM is moving forward from its 20 days moving average with 8.74% and remote positively from 50 days moving average with 9.78%.
SJM current year earnings per share experienced an addition with 1.07% while its current quarter performance remained 9.46%. Company’s beta coefficient included 0.64. Beta factors measures the amount of market risk associated with market trade.
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