J.M. Smucker (SJM) Stock Declines on Missed Earnings, Weak Guidance

NEW YORK (TheStreet) -- J.M. Smucker (SJM) shares are down 2.7% to $115 in early market trading on Thursday after the food products company reported its fourth quarter financial results before the opening bell today.

The Orrville, OH-based company reported a fourth quarter net loss of $90.3 million, or earnings of 98 cents per share on an adjusted basis. A year ago the company reported a profit of $118.5 million for earnings of $1.16 per share.

Revenue for the period increased 17% to $1.45 billion.

Analysts on average were expecting the company to report earnings of 99 cents per share on revenue of $1.36 billion.

In addition to the earnings miss the company provided weak full year guidance of between $5.65 and $5.80 per share, short of analysts' $5.84 per share expectations.

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 solid stock price performance, largely solid financial position with reasonable debt levels by most measures, good cash flow from operations and expanding profit margins. We feel its strengths outweigh the fact that the company has had somewhat disappointing return on equity."

Highlights from the analysis by TheStreet Ratings Team goes as follows:

SJM Chart SJM data by YCharts

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