FINWIRES · TerminalLIVE
FINWIRES

J.M. Smucker Posts 'Solid' Q4 Results, Better Than Feared EPS Outlook, Morgan Stanley Says

By

J.M. Smucker (SJM) delivered "solid" fiscal Q4 organic sales growth and earnings, while issuing a fiscal 2027 earnings per share outlook that exceeded expectations, Morgan Stanley said in a note Wednesday.

Smucker's guidance implies about 9% EPS growth at the midpoint for fiscal 2027, with Morgan Stanley noting the company's cost outlook was more favorable than expected following the Iran conflict.

The investment bank noted that revenue guidance appears "conservative," with fiscal 2027 sales expected to decline 3% to 4%, while margins are expected to benefit from "lower green coffee costs" and easing tariff impacts, the report said, adding that potential "tariff refunds" could provide additional upside.

Following the results, Morgan Stanley raised the company's fiscal 2027 EPS estimates by 3.2%. It raised the price target to $110 from $106, while maintaining an equal weight rating, citing a "balanced" risk-reward profile after the stock's recent gain.

Shares of J.M. Smucker were up more than 3% in Wednesday trading.

Price: $115.84, Change: $+3.45, Percent Change: +3.07%

Related Articles

Wire

Almonty Industries Completes Oversubscribed $700 Million Convertible Notes Offering; Shares Fall 5%

Almonty Industries (ASX:AII) closed an oversubscribed private offering of $700 million in 2.25% convertible senior notes due 2031, with an additional $100 million issued via full exercise of the purchasers' option, according to a Wednesday filing with the Australian bourse.Net proceeds from the offering were around $772.7 million after fees and expenses, per the filing.The funds will be used to strengthen the balance sheet and improve financial flexibility, the filing added.The company's shares fell around 5% in recent Wednesday trade.

$ASX:AII
Wire

NIQ Global Intelligence to Launch Unified Beauty Sales Tracker in Q4

NIQ Global Intelligence (NIQ) plans to launch its Full View of Beauty Channel in Q4, a unified data platform that tracks beauty product sales across major retail channels.The system will combine NIQ's measurement across grocery, drug, and mass retail with data from Ulta Beauty (ULTA), Sephora, Sally Beauty Holdings (SBH) and other specialty and department store retailers.Ahead of the launch, NIQ will introduce Amazon.com (AMZN) third-party marketplace measurement in Q3, initially covering health and beauty care categories. Key metrics will include volume, share, price, and promotional activity, NIQ said Tuesday in a statement.NIQ said it plans to expand Amazon third-party measurement into additional categories beyond beauty over time.

$AMZN$NIQ$SBH$ULTA
Wire

Super Micro Computer Plans Equity Offerings

Super Micro Computer (SMCI) said late Tuesday it is planning $7 billion of equity and equity-linked financing transactions as part of efforts to fund artificial intelligence orders related to its advanced servers.Total of $5 billion of public offerings comprises $1.25 billion of common stock and $3.75 billion of depositary shares. The company will grant the underwriters a 30-day overallotment option to buy additional shares, the company said.The company also launched an at-the-market offering of up to $2 billion, expected to begin no earlier than Q3, according to a statement.Net proceeds will be used to fund $39 billion of AI server orders and for general corporate purposes, the company said.Shares of the company fell over 9% during after-hours.

$SMCI