Scotts Miracle-Gro Company (The) (NYSE:SMG) – Equities research analysts at KeyCorp dropped their Q1 2018 earnings estimates for shares of Scotts Miracle-Gro Company (The) in a report issued on Tuesday. KeyCorp analyst J. Gere now expects that the basic materials company will post earnings per share of ($0.91) for the quarter, down from their prior estimate of ($0.89). KeyCorp currently has a “Hold” rating on the stock. KeyCorp also issued estimates for Scotts Miracle-Gro Company (The)’s Q2 2018 earnings at $2.14 EPS, Q4 2018 earnings at ($0.47) EPS and FY2019 earnings at $4.64 EPS.

Scotts Miracle-Gro Company (The) (NYSE:SMG) last released its earnings results on Tuesday, November 7th. The basic materials company reported ($0.26) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.30) by $0.04. Scotts Miracle-Gro Company (The) had a return on equity of 37.81% and a net margin of 7.51%. The firm had revenue of $376.70 million during the quarter, compared to analysts’ expectations of $368.50 million. During the same quarter last year, the business posted ($0.30) earnings per share. The firm’s revenue was up 8.0% on a year-over-year basis.

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Several other research firms have also recently issued reports on SMG. 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 for the company. in a research report on Wednesday. BidaskClub upgraded Scotts Miracle-Gro Company (The) from a “sell” rating to a “hold” rating in a research report on Wednesday, August 2nd. Zacks Investment Research upgraded Scotts Miracle-Gro Company (The) from a “sell” rating to a “hold” rating in a research report on Saturday, August 5th. SunTrust Banks, Inc. restated a “hold” rating and set a $95.00 price target on shares of Scotts Miracle-Gro Company (The) in a report on Friday. Finally, Bank of America Corporation raised their price target on Scotts Miracle-Gro Company (The) from $107.00 to $110.00 and gave the company a “buy” rating in a report on Wednesday. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $101.33.

Shares of Scotts Miracle-Gro Company (NYSE SMG) opened at $98.63 on Friday. The company has a debt-to-equity ratio of 1.90, a quick ratio of 1.21 and a current ratio of 1.62. Scotts Miracle-Gro Company has a 1 year low of $81.48 and a 1 year high of $102.50. The stock has a market capitalization of $5,761.08, a PE ratio of 23.54, a P/E/G ratio of 2.34 and a beta of 0.37.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Almanack Investment Partners LLC. bought a new stake in shares of Scotts Miracle-Gro Company (The) in the 2nd quarter valued at approximately $132,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Scotts Miracle-Gro Company (The) 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 during the last quarter. Delta Asset Management LLC TN lifted its stake in shares of Scotts Miracle-Gro Company (The) by 3.8% in the 2nd quarter. Delta Asset Management LLC TN now owns 2,025 shares of the basic materials company’s stock valued at $181,000 after purchasing an additional 75 shares during the last quarter. Creative Planning lifted its stake in shares of Scotts Miracle-Gro Company (The) by 44.5% in the 2nd 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 last quarter. Finally, Maple Capital Management Inc. bought a new stake in shares of Scotts Miracle-Gro Company (The) in the 2nd quarter valued at approximately $207,000. Institutional investors and hedge funds own 68.76% of the company’s stock.

In other Scotts Miracle-Gro Company (The) news, CFO Thomas Randal Coleman sold 1,226 shares of the firm’s stock in a transaction that occurred on Thursday, October 5th. The stock was sold at an average price of $99.67, for a total transaction of $122,195.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Nancy G. Mistretta sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, October 13th. The shares were sold at an average price of $100.11, for a total value of $500,550.00. The disclosure for this sale can be found here. Insiders have sold a total of 163,053 shares of company stock valued at $15,610,752 in the last 90 days. 28.16% of the stock is currently owned by company insiders.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Friday, November 24th will be issued a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a yield of 2.15%. The ex-dividend date of this dividend is Wednesday, November 22nd. Scotts Miracle-Gro Company (The)’s dividend payout ratio is presently 58.89%.

Scotts Miracle-Gro Company (The) 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.

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

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