Analysts Anticipate Scotts Miracle-Gro Company (The) (SMG) Will Announce Earnings of -$0.94 Per Share
Equities analysts expect that Scotts Miracle-Gro Company (The) (NYSE:SMG) will announce earnings of ($0.94) per share for the current quarter, according to Zacks Investment Research. Five analysts have provided estimates for Scotts Miracle-Gro’s earnings. The lowest EPS estimate is ($1.02) and the highest is ($0.83). Scotts Miracle-Gro posted earnings of ($0.96) per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 2.1%. The firm is scheduled to announce its next earnings results on Tuesday, January 30th.
On average, analysts expect that Scotts Miracle-Gro will report full-year earnings of $4.30 per share for the current financial year, with EPS estimates ranging from $4.21 to $4.40. For the next fiscal year, analysts forecast that the business will report earnings of $4.70 per share, with EPS estimates ranging from $4.63 to $4.90. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Scotts Miracle-Gro.
Scotts Miracle-Gro (NYSE:SMG) last issued its quarterly earnings results on Tuesday, November 7th. The basic materials company reported ($0.26) EPS for the quarter, topping the consensus estimate of ($0.30) by $0.04. Scotts Miracle-Gro had a net margin of 7.51% and a return on equity of 37.81%. The company had revenue of $376.70 million during the quarter, compared to analysts’ expectations of $368.50 million. During the same quarter in the previous year, the company earned ($0.30) EPS. Scotts Miracle-Gro’s revenue was up 8.0% on a year-over-year basis.
Several brokerages have recently commented on SMG. KeyCorp reiterated a “hold” rating on shares of Scotts Miracle-Gro in a research report on Saturday. Zacks Investment Research upgraded shares of Scotts Miracle-Gro from a “sell” rating to a “hold” rating in a research report on Saturday, August 5th. Bank of America lifted their price target on shares of Scotts Miracle-Gro from $107.00 to $110.00 and gave the stock a “buy” rating in a research report on Wednesday, November 8th. J P Morgan Chase & Co cut shares of Scotts Miracle-Gro from an “overweight” rating to a “neutral” rating and set a $99.00 price target for the company. in a research report on Wednesday, November 8th. Finally, BidaskClub upgraded shares of Scotts Miracle-Gro from a “sell” rating to a “hold” rating in a research report on Wednesday, August 2nd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $101.33.
Shares of Scotts Miracle-Gro (SMG) opened at $98.44 on Wednesday. Scotts Miracle-Gro has a 1 year low of $81.48 and a 1 year high of $102.50. The company has a debt-to-equity ratio of 1.90, a quick ratio of 0.87 and a current ratio of 1.62. The company has a market cap of $5,710.87, a P/E ratio of 23.33, a PEG ratio of 2.31 and a beta of 0.37.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Friday, November 24th will be given a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a dividend yield of 2.15%. The ex-dividend date of this dividend is Wednesday, November 22nd. Scotts Miracle-Gro’s dividend payout ratio is 58.89%.
In related news, major shareholder Paul Hagedorn sold 16,000 shares of the business’s stock in a transaction that occurred on Friday, September 8th. The shares were sold at an average price of $94.30, for a total transaction of $1,508,800.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Ivan C. Smith sold 6,587 shares of the business’s stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $97.74, for a total transaction of $643,813.38. The disclosure for this sale can be found here. In the last quarter, insiders have sold 28,813 shares of company stock valued at $2,775,359. 28.16% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Almanack Investment Partners LLC. acquired a new position in Scotts Miracle-Gro during the second quarter valued at approximately $132,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Scotts Miracle-Gro by 7.5% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,664 shares of the basic materials company’s stock valued at $149,000 after purchasing an additional 116 shares during the period. Creative Planning grew its holdings in Scotts Miracle-Gro by 44.5% during the second quarter. Creative Planning now owns 2,097 shares of the basic materials company’s stock valued at $188,000 after purchasing an additional 646 shares during the period. First Allied Advisory Services Inc. acquired a new position in Scotts Miracle-Gro during the third quarter valued at approximately $226,000. Finally, Private Advisor Group LLC grew its holdings in Scotts Miracle-Gro by 9.0% during the second quarter. Private Advisor Group LLC now owns 2,620 shares of the basic materials company’s stock valued at $239,000 after purchasing an additional 216 shares during the period. Hedge funds and other institutional investors own 68.10% of the company’s stock.
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Scotts Miracle-Gro Company Profile
The Scotts Miracle-Gro Company (Scotts Miracle-Gro) is a manufacturer and marketer of branded consumer lawn and garden products. The Company’s segments include Global Consumer. In North America, its brands include Scotts and Turf Builder lawn and grass seed products; Miracle-Gro, Nature’s Care, Scotts, LiquaFeed and Osmocote gardening and landscape products; and Ortho, Roundup, Home Defense and Tomcat branded insect control, weed control and rodent control products.
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