These Analysts Boost Their Forecasts On JM Smucker Following Q4 Earnings

Benzinga Earnings
06/10

The J.M. Smucker Co. (NYSE:SJM) reported upbeat fiscal fourth-quarter 2026 results on Tuesday.

Adjusted earnings came in at $2.77 per share, ahead of analysts' estimates of $2.64 per share. Net sales increased 6% year over year to $2.268 billion, slightly above the consensus estimate of $2.260 billion.

J.M. Smucker expects fiscal 2027 adjusted earnings of $9.75 to $10.25 per share, compared with analysts' estimates of $9.79 per share. The company forecast full-year sales of $8.689 billion to $8.779 billion, below the Wall Street consensus estimate of $9.107 billion.

Management expects net sales to decline 3% to 4% in fiscal 2027, citing lower pricing benefits and weaker volume and mix trends. The company also plans to reduce leverage to about three times EBITDA by fiscal 2027 through roughly $500 million in debt repayments. Management said future share repurchases could follow as leverage declines.

Smucker shares rose 0.1% to $112.50 in pre-market trading.

These analysts made changes to their price targets on Smucker following earnings announcement.

  • B of A Securities analyst Bryan Spillane maintained the stock with a Buy and raised the price target from $130 to $132.
  • Morgan Stanley analyst Megan Alexander maintained the stock with an Equal-Weight rating and raised the price target from $106 to $110.

Considering buying SJM stock? Here’s what analysts think:

Photo via Shutterstock

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