FINWIRES · TerminalLIVE
FINWIRES

J.M. Smucker Building Momentum on Improving Coffee Trends Through Fiscal 2027, UBS Says

By

J.M. Smucker (SJM) is set for stronger earnings growth through fiscal 2027 as coffee trends improve, other brands gain momentum, cash flow rises and the company leaves room for further guidance increases, UBS said in a note emailed Thursday.

The company's updated fiscal 2027 outlook still looks cautious, with adjusted earnings per share now expected at $10.50 to $11 and net sales expected to fall 1% to 2% as coffee results could come in better than management expects since demand has held up well, while lower coffee costs should start helping the business, according to the note.

UBS said it also expects brands including Uncrustables, Cafe Bustelo and Meow Mix to support growth, while the Hostess business could improve later in the fiscal year.

J.M. Smucker is also ahead of schedule on debt reduction and reinvestment plans, while free cash flow guidance has increased by $100 million to about $1.1 billion, the investment firm said.

UBS maintained its buy rating for J.M. Smucker and raised its price target to $149 from $142.

Price: $133.59, Change: $+2.69, Percent Change: +2.06%

Related Articles

Wire

Update: Magellan Financial Group Fiscal 2026 Operating Earnings, Revenue Down; Shares Fall 12%

(Updates to add stock movement in the headline and the last paragraph)Magellan Financial Group (ASX:MFG) logged AU$0.828 in operating earnings per share for fiscal 2026, compared with AU$0.898 a year ago, a Thursday filing showed.For the 12 months ended June 30, revenue and other income was AU$195.6 million versus AU$318.9 million previously, the Australia-listed financial services firm added.The board declared a final dividend of AU$0.255 per share, payable Sept. 16 to shareholders on record as of Sept. 2. A year ago, the company paid a final dividend AU$0.259 per share and special dividend of AU$0.21 per share.The board has revised the group's dividend policy from fiscal 2027, targeting a payout ratio of 60% to 90% of operating profit after tax.The company's shares fell 12% in recent Thursday trade.

ASX:MFG
Wire

Tenable to Join S&P SmallCap 600 Index

Tenable (TENB) will join the S&P SmallCap 600 index before market open on Aug. 31, the S&P Dow Jones Indices said in a late Wednesday statement.Tenable will replace Leggett & Platt (LEG), which is being acquired by Somnigroup International (SGI), according to the statement.

$LEG$SGI$TENB
Wire

NeoGenomics Wins Expanded Medicare Coverage for RaDaR ST Immunotherapy Monitoring

NeoGenomics (NEO) said its RaDaR ST molecular residual disease assay received expanded Medicare coverage to include immunotherapy response monitoring for patients with late-stage solid tumors.The determination from the Centers for Medicare & Medicaid Services' Molecular Diagnostic Services Program is the third Medicare-covered indication for RaDaR ST, NeoGenomics said Wednesday in a statement.The coverage allows use of the assay to monitor response to immune-checkpoint inhibitor therapy, and NeoGenomics said it has two additional RaDaR ST submissions pending.NeoGenomics shares rose 2.1% in after-hours trading.

$NEO