Scotts Miracle-Gro Company (The) (SMG) Receiving Somewhat Favorable News Coverage, Report Finds
News coverage about Scotts Miracle-Gro Company (The) (NYSE:SMG) has been trending somewhat positive on Saturday, according to Accern. The research firm identifies positive and negative media coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Scotts Miracle-Gro Company (The) earned a daily sentiment score of 0.20 on Accern’s scale. Accern also assigned headlines about the basic materials company an impact score of 47.5591683487453 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the headlines that may have effected Accern Sentiment’s rankings:
- Scotts Miracle-Grow Announced a Higher Dividend (finance.yahoo.com)
- See what the IHS Markit Score report has to say about Scotts Miracle-Gro Co. (finance.yahoo.com)
- Michael C. Lukemire Sells 18,000 Shares of Scotts Miracle-Gro Company (The) (NYSE:SMG) Stock (americanbankingnews.com)
- Scotts Miracle-Gro Company (The) (NYSE:SMG) CFO Thomas Randal Coleman Sells 13,973 Shares (americanbankingnews.com)
- Scotts Miracle-Gro Company (The) (NYSE:SMG) Expected to Announce Quarterly Sales of $405.53 Million (americanbankingnews.com)
A number of brokerages have issued reports on SMG. Zacks Investment Research upgraded shares of Scotts Miracle-Gro Company (The) from a “sell” rating to a “hold” rating in a research note on Saturday, August 5th. BidaskClub upgraded shares of Scotts Miracle-Gro Company (The) from a “sell” rating to a “hold” rating in a research note on Thursday, July 13th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $101.00.
Scotts Miracle-Gro Company (NYSE:SMG) opened at 95.38 on Friday. The firm’s 50-day moving average is $93.16 and its 200-day moving average is $91.67. The firm has a market cap of $5.65 billion, a price-to-earnings ratio of 25.74 and a beta of 0.40. Scotts Miracle-Gro Company has a 52 week low of $78.73 and a 52 week high of $99.91.
Scotts Miracle-Gro Company (The) (NYSE:SMG) last released its quarterly earnings results on Tuesday, August 1st. The basic materials company reported $2.63 EPS for the quarter, beating the consensus estimate of $2.51 by $0.12. Scotts Miracle-Gro Company (The) had a net margin of 7.85% and a return on equity of 36.28%. The firm had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter in the prior year, the firm earned $2.16 EPS. Scotts Miracle-Gro Company (The)’s revenue for the quarter was up 8.5% on a year-over-year basis. On average, equities analysts anticipate that Scotts Miracle-Gro Company will post $4.15 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 8th. Investors of record on Friday, August 25th will be given a $0.53 dividend. This is an increase from Scotts Miracle-Gro Company (The)’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Wednesday, August 23rd. This represents a $2.12 annualized dividend and a yield of 2.22%. Scotts Miracle-Gro Company (The)’s dividend payout ratio is 52.49%.
In related news, EVP Ivan C. Smith sold 3,787 shares of the company’s stock in a transaction on Tuesday, May 16th. The shares were sold at an average price of $87.84, for a total value of $332,650.08. Following the completion of the sale, the executive vice president now owns 18,849 shares in the company, valued at approximately $1,655,696.16. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Thomas Randal Coleman sold 5,112 shares of the company’s stock in a transaction on Tuesday, May 16th. The shares were sold at an average price of $87.56, for a total transaction of $447,606.72. Following the completion of the sale, the chief financial officer now owns 14,090 shares of the company’s stock, valued at approximately $1,233,720.40. The disclosure for this sale can be found here. In the last quarter, insiders sold 63,487 shares of company stock valued at $6,003,697. 28.16% of the stock is owned by insiders.
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.
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