NEW YORK (TheStreet) -- J.M. Smucker Company (SJM) shares are fluctuating today after the food products manufacturer reported second quarter net sales that were hurt by slumping coffee sales, and missing analyst expectations.
Shares are up .08% today but have also dipped negative in early market trading.
The company reported second quarter earnings of $1.53 per diluted share that was short of analysts' expectations for the period by 3 cents per share. Revenue for the quarter was $1.48 billion, just short of analysts' $1.5 billion guidance.
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 largely solid financial position with reasonable debt levels by most measures and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income."
Highlights from the analysis by TheStreet Ratings Team goes as follows:
- You can view the full analysis from the report here: SJM Ratings Report