Scotts Miracle-Gro Company (The) (NYSE:SMG) – Analysts at William Blair issued their Q1 2019 earnings per share estimates for shares of Scotts Miracle-Gro Company (The) in a research note issued to investors on Tuesday. William Blair analyst J. Andersen anticipates that the basic materials company will post earnings of ($1.03) per share for the quarter. William Blair also issued estimates for Scotts Miracle-Gro Company (The)’s Q2 2019 earnings at $3.33 EPS, Q3 2019 earnings at $2.59 EPS and Q4 2019 earnings at ($0.27) EPS.

Scotts Miracle-Gro Company (The) (NYSE:SMG) last announced its 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. The company had revenue of $376.70 million for the quarter, compared to analysts’ expectations of $368.50 million. Scotts Miracle-Gro Company (The) had a return on equity of 37.81% and a net margin of 7.51%. The business’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.30) earnings per share.

TRADEMARK VIOLATION WARNING: This report was published by Watch List News and is the property of of Watch List News. If you are accessing this report on another publication, it was stolen and republished in violation of international copyright & trademark laws. The original version of this report can be viewed at https://www.watchlistnews.com/analysts-issue-forecasts-for-scotts-miracle-gro-company-thes-q1-2019-earnings-smg/1694077.html.

SMG has been the topic of several other research reports. Zacks Investment Research cut Scotts Miracle-Gro Company (The) from a “hold” rating to a “sell” rating in a report on Wednesday, October 4th. Bank of America Corporation increased their target price on Scotts Miracle-Gro Company (The) from $107.00 to $110.00 and gave the stock a “buy” rating in a report on Wednesday. BidaskClub upgraded Scotts Miracle-Gro Company (The) from a “sell” rating to a “hold” rating in a report on Thursday, July 13th. KeyCorp restated a “hold” rating on shares of Scotts Miracle-Gro Company (The) in a report on Monday, August 28th. Finally, J P Morgan Chase & Co cut Scotts Miracle-Gro Company (The) from an “overweight” rating to a “neutral” rating and set a $99.00 target price on the stock. in a report on Wednesday. One 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 stock. The stock presently has an average rating of “Hold” and a consensus price target of $101.33.

Shares of Scotts Miracle-Gro Company (NYSE SMG) traded up $0.59 during mid-day trading on Thursday, hitting $98.63. The stock had a trading volume of 313,367 shares, compared to its average volume of 427,318. The company has a quick ratio of 1.21, a current ratio of 1.62 and a debt-to-equity ratio of 1.90. The company has a market capitalization of $5,770.00, a PE ratio of 23.60, a PEG ratio of 2.12 and a beta of 0.37. Scotts Miracle-Gro Company has a 12 month low of $81.48 and a 12 month high of $102.50.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Friday, November 24th will be issued a $0.53 dividend. This represents a $2.12 annualized dividend and a yield of 2.15%. The ex-dividend date is Wednesday, November 22nd. Scotts Miracle-Gro Company (The)’s dividend payout ratio is 61.27%.

In related news, Director Nancy G. Mistretta sold 5,000 shares of the firm’s stock in a transaction dated Friday, October 13th. The stock was sold at an average price of $100.11, for a total value of $500,550.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Michelle A. Johnson sold 470 shares of the firm’s stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $96.40, for a total value of $45,308.00. Following the completion of the transaction, the director now owns 8,074 shares in the company, valued at approximately $778,333.60. The disclosure for this sale can be found here. In the last quarter, insiders sold 163,053 shares of company stock worth $15,610,752. 28.16% of the stock is owned by company insiders.

A number of institutional investors have recently bought and sold shares of the stock. Wells Fargo & Company MN boosted its holdings in Scotts Miracle-Gro Company (The) by 1.9% in the third quarter. Wells Fargo & Company MN now owns 259,642 shares of the basic materials company’s stock valued at $25,274,000 after acquiring an additional 4,966 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in Scotts Miracle-Gro Company (The) by 160.5% in the third quarter. JPMorgan Chase & Co. now owns 109,797 shares of the basic materials company’s stock valued at $10,690,000 after buying an additional 67,644 shares during the period. Legal & General Group Plc lifted its stake in Scotts Miracle-Gro Company (The) by 10.7% in the third quarter. Legal & General Group Plc now owns 49,446 shares of the basic materials company’s stock valued at $4,813,000 after buying an additional 4,782 shares during the period. Hosking Partners LLP lifted its stake in Scotts Miracle-Gro Company (The) by 0.5% in the third quarter. Hosking Partners LLP now owns 156,591 shares of the basic materials company’s stock valued at $15,243,000 after buying an additional 746 shares during the period. Finally, Eagle Asset Management Inc. lifted its stake in Scotts Miracle-Gro Company (The) by 5.3% in the third quarter. Eagle Asset Management Inc. now owns 344,609 shares of the basic materials company’s stock valued at $33,888,000 after buying an additional 17,305 shares during the period. Institutional investors and hedge funds own 68.76% of the company’s stock.

About Scotts Miracle-Gro Company (The)

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.

Earnings History and Estimates for Scotts Miracle-Gro Company (The) (NYSE:SMG)

Receive News & Ratings for Scotts Miracle-Gro Company (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Scotts Miracle-Gro Company (The) and related companies with Analyst Ratings Network's FREE daily email newsletter.