How To Earn $500 A Month From J.M. Smucker Stock After Strong Earnings
Portfolio Pulse from Lisa Levin
J.M. Smucker Company (NYSE:SJM) reported Q2 FY24 sales of $1.94 billion, a 12% decline YOY, missing estimates by $0.01 billion. Adjusted EPS of $2.59 beat estimates by $0.12. FY24 adjusted EPS guidance was revised to $9.25 - $9.65, compared to the consensus of $9.48. Smucker's dividend yield is 3.65%, with a quarterly dividend of $1.06 per share. To earn $500 monthly from dividends, an investor would need 1,415 shares, valued at approximately $164,310. Smucker shares rose 3.3% to close at $116.12 on Tuesday.
December 06, 2023 | 1:15 pm
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POSITIVE IMPACT
J.M. Smucker reported a sales decline but exceeded EPS estimates and revised its FY24 EPS guidance. The stock experienced a positive movement after the earnings report, and the company maintains a solid dividend yield.
The positive earnings report, particularly the beat on the adjusted EPS, is likely to instill confidence in investors, potentially leading to a short-term positive impact on the stock price. The revision of the EPS guidance, although slightly lower, is within close range of consensus, which may not significantly dampen investor sentiment. The dividend yield remains attractive, which could draw income-focused investors, further supporting the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100