NEW YORK (TheStreet) -- The J.M. Smucker Co. (SJM) shares are rising, up 2.5% to $105.40, on Thursday following the release of the company's fourth quarter earnings results.
The food products manufacturer reported earnings of $1.21 per share, 5 cents better than Capital IQ consensus estimates.
Revenues fell -7.9% from the previous year to $1.23 billion, slightly below analysts $1.24 billion estimates.
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TheStreet Ratings team rates SMUCKER (JM) CO as a Buy with a ratings score of A-. TheStreet Ratings Team has this to say about their recommendation:
"We rate SMUCKER (JM) CO (SJM) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, expanding profit margins, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself."