The J.M. Smucker Co. (NYSE:SJM) reported upbeat fiscal fourth-quarter 2026 results on Tuesday.



Adjusted earnings came in at $2.77 per share, ahead of analysts' estimates of $2.64 per share. Net sales increased 6% year over year to $2.268 billion, slightly above the consensus estimate of $2.260 billion.



J.M. Smucker expects fiscal 2027 adjusted earnings of $9.75 to $10.25 per share, compared with analysts' estimates of $9.79 per share. The company forecast full-year sales of $8.689 billion to $8.779 billion, below the Wall Street consensus estimate of $9.107 billion.



Management expects net sales to decline 3% to 4% in fiscal 2027, citing lower pricing benefits and weaker volume and mix trends. The company also plans to reduce leverage to about three times EBITDA by fiscal 2027 through roughly $500 million in debt repayments. Management said future share repurchases could follow as leverage declines.



Smucker shares rose 0.1% to $112.50 in pre-market trading.



These analysts made changes to their price targets on Smucker following earnings announcement.



<ul>
<li>B of A Securities analyst Bryan Spillane maintained the stock with a Buy and raised the price target from $130 to $132.</li>



<li>Morgan Stanley analyst Megan Alexander maintained the stock with an Equal-Weight rating and raised the price target from $106 to $110.</li>
</ul>



Considering buying SJM stock? Here’s what analysts think:



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J.M. Smucker reported strong Q4 earnings, beating estimates with $2.77 EPS and 6% sales growth. However, FY2027 guidance shows lower expected sales and earnings compared to consensus. Analysts from BofA and Morgan Stanley raised price targets following the report, citing solid performance despite near-term headwinds like weaker volume and pricing benefits.

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JM Smucker

Morgan Stanley

MORGAN STANLEY DEP SHS EA REP 1/1000 SHS NON CUM PFD O

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MORGAN STANLEY DEP SHS REPS 1/1000 7.125% PFD E

MORGAN STANLEY NON-CUM DEP SH REP 1/1000 PFD SER I

MORGAN STANLEY 4.875 DEP SHS REP 1/1000 NCUM PFD SR L

MORGAN STANLEY 6.5%DEP SHS REPSTG 1/1000 NON CUM SER P

MORGAN STANLEY DEP SHS REPS 1/1000 PFD SER 'A'

MORGAN STANLEY DEP SHS REPR 1/1000TH INT PFD SER 'F' FX

MORGAN STANLEY DEP SHS REP 1/1000 NON-CUM PFD STK SER K

These Analysts Boost Their Forecasts On JM Smucker Following Q4 Earnings