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Stock Market & Financial Investment News

News Breaks
August 6, 2014
17:01 EDTSJMJ.M. Smucker acquires Sahale Snacks
The J. M. Smucker Company announced the signing of a definitive agreement to acquire Sahale Snacks. Sahale is a leading manufacturer and marketer of premium, branded nut and fruit snacks, which are primarily sold in the U.S. under the Sahale Snacks brand. Sahale's net sales are projected to be approximately $50M for FY14, primarily in the club, convenience, and grocery retail channels. The acquisition includes a leased facility in Seattle, Washington, and will add approximately 150 employees to the company. The transaction, which is expected to close by the middle of September, is not anticipated to have a material impact on the company's FY15 financial results.
News For SJM From The Last 14 Days
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August 27, 2015
19:22 EDTSJMJ.M. Smucker shares look reasonably priced, Barron's says
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07:05 EDTSJMJ.M. Smucker reports Q1 US Retail Coffee net sales $565M
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07:04 EDTSJMJ.M. Smucker backs FY16 revenue $8B, consensus $7.92B
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07:03 EDTSJMJ.M. Smucker backs synergy target related to Big Heart of $200M by FY18-end
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07:03 EDTSJMJ.M. Smucker backs FY16 adjusted non-GAAP EPS $6.80-$6.95, consensus $5.73
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07:02 EDTSJMJ.M. Smucker reports Q1 non-GAAP EPS $1.32
07:02 EDTSJMJ.M. Smucker reports Q1 adjusted EPS $1.60, consensus $1.23
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August 26, 2015
15:00 EDTSJMNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's open, with earnings consensus, include Dollar General (DG), consensus 94c... J. M. Smucker (SJM), consensus $1.23... Tiffany (TIF), consensus 91c... Signet Jewelers (SIG), consensus $1.15... Patterson (PDCO), consensus 54c... Michaels (MIK), consensus 16c... Burlington Stores (BURL), consensus 12c.
August 24, 2015
14:02 EDTSJMJ.M. Smucker August weekly volatility elevated into Q1 and outlook
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August 19, 2015
10:00 EDTSJMOn The Fly: Analyst Upgrade Summary
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06:29 EDTSJMJ.M. Smucker upgraded to Outperform on sales growth progress at Credit Suisse
Credit Suisse upgraded J.M. Smucker to Outperform and increased its price target to $126 from $112. The firm said the latest Nielsen data indicates sales growth has turned with notable progress in coffee and pet food. Additionally, Credit Suisse believes management is about to introduce a more aggressive cost savings target for the Big Heart integration and expects shares to narrow the valuation gap versus peers as revenue growth and market share improves.

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