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.
Barclays analyst Brandt Montour maintained Vail Resorts with an Underweight rating and lowered the price target from $138 to $119.
Stifel analyst Jeffrey Stantial maintained the stock with a Buy and lowered the price target from $172 to $167.
