Why J.M. Smucker Co. Stock Plunged Today
Shares of J.M. Smucker Co. (NYSE: SJM) fell 9.5% on Thursday after the company announced weaker-than-expected fiscal first-quarter 2018 results.
Smucker's revenue declined 3.7% year over year to $1.749 billion, while adjusted earnings per share fell 18.8% to $1.51. By comparison, investors were looking for higher adjusted earnings of $1.62 per share on revenue of $1.81 billion.
IMAGE SOURCE: J.M. SMUCKER CO.
Source: Fool.com
J.M. Smucker Corp. Stock
€104.55
0.340%
We see a rather positive sentiment for J.M. Smucker Corp. with 10 Buy predictions and 1 Sell predictions.
As a result the target price of 129 € shows a positive potential of 23.39% compared to the current price of 104.55 € for J.M. Smucker Corp..
