Q1 2019 EPS Estimates for Scotts Miracle-Gro Co Decreased by Analyst (SMG)
Scotts Miracle-Gro Co (NYSE:SMG) – Equities researchers at William Blair cut their Q1 2019 earnings estimates for shares of Scotts Miracle-Gro in a research report issued on Thursday. William Blair analyst J. Andersen now expects that the basic materials company will earn ($1.04) per share for the quarter, down from their prior estimate of ($1.03). William Blair also issued estimates for Scotts Miracle-Gro’s Q4 2019 earnings at ($0.26) EPS.
Other equities analysts have also issued reports about the stock. Zacks Investment Research raised shares of Scotts Miracle-Gro from a “sell” rating to a “hold” rating in a research report on Wednesday. JPMorgan Chase & Co. lowered shares of Scotts Miracle-Gro from an “overweight” rating to a “neutral” rating and set a $99.00 price target on the stock. in a research report on Wednesday, November 8th. KeyCorp reaffirmed a “hold” rating on shares of Scotts Miracle-Gro in a research report on Monday, October 16th. Bank of America raised 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. Finally, SunTrust Banks reiterated a “hold” rating and set a $95.00 price objective on shares of Scotts Miracle-Gro in a research note on Friday, November 10th. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $101.33.
Scotts Miracle-Gro (NYSE SMG) traded up $0.11 during trading hours on Monday, reaching $108.36. 255,900 shares of the company were exchanged, compared to its average volume of 651,386. Scotts Miracle-Gro has a 1-year low of $81.48 and a 1-year high of $109.77. The company has a market capitalization of $6,230.00, a price-to-earnings ratio of 33.34, a price-to-earnings-growth ratio of 2.55 and a beta of 0.36. The company has a current ratio of 1.62, a quick ratio of 0.87 and a debt-to-equity ratio of 1.90.
Scotts Miracle-Gro (NYSE:SMG) last released its quarterly earnings results on Tuesday, November 7th. The basic materials company reported ($0.26) EPS for the quarter, topping analysts’ consensus estimates 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 business had revenue of $376.70 million for the quarter, compared to analyst estimates of $368.50 million. During the same period last year, the firm earned ($0.30) earnings per share. Scotts Miracle-Gro’s revenue for the quarter was up 8.0% compared to the same quarter last year.
In other Scotts Miracle-Gro news, EVP Ivan C. Smith sold 6,587 shares of the stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $97.74, for a total transaction of $643,813.38. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Nancy G. Mistretta sold 5,000 shares of the stock in a transaction dated Friday, October 13th. The stock was sold at an average price of $100.11, for a total transaction of $500,550.00. The disclosure for this sale can be found here. Corporate insiders own 29.14% of the company’s stock.
Institutional investors have recently made changes to their positions in the business. Almanack Investment Partners LLC. acquired a new stake in Scotts Miracle-Gro during the second quarter worth about $132,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Scotts Miracle-Gro by 7.5% in the 2nd 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 in the last quarter. First Allied Advisory Services Inc. acquired a new stake in shares of Scotts Miracle-Gro in the 3rd quarter valued at approximately $226,000. Private Advisor Group LLC boosted its stake in shares of Scotts Miracle-Gro by 9.0% in the 2nd 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 in the last quarter. Finally, Jensen Investment Management Inc. acquired a new stake in shares of Scotts Miracle-Gro in the 3rd quarter valued at approximately $258,000. Hedge funds and other institutional investors own 69.18% of the company’s stock.
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About Scotts Miracle-Gro
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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