Scotts Miracle-Gro (NYSE:SMG) updated its FY 2020
After-Hours earnings guidance on Monday. The company provided earnings per share guidance of 7.25-7.25 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $6.75. The company issued revenue guidance of $4.103 billion, compared to the consensus revenue estimate of $4.03 billion.Scotts Miracle-Gro also updated its FY20 guidance to approx $7.25 EPS.

Several equities analysts recently weighed in on the stock. SunTrust Banks increased their price target on shares of Scotts Miracle-Gro from $155.00 to $180.00 and gave the stock a buy rating in a report on Thursday, July 30th. William Blair reiterated a buy rating on shares of Scotts Miracle-Gro in a research note on Tuesday, June 9th. Finally, Raymond James restated a hold rating on shares of Scotts Miracle-Gro in a research report on Thursday, August 6th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of Hold and an average target price of $128.50.

Shares of NYSE:SMG opened at $160.57 on Wednesday. Scotts Miracle-Gro has a 12-month low of $76.50 and a 12-month high of $176.08. The company has a market capitalization of $8.95 billion, a price-to-earnings ratio of 28.17 and a beta of 1.05. The business has a 50-day moving average price of $162.17 and a 200 day moving average price of $134.41. The company has a current ratio of 1.61, a quick ratio of 1.16 and a debt-to-equity ratio of 1.51.

Scotts Miracle-Gro (NYSE:SMG) last issued its quarterly earnings data on Wednesday, July 29th. The basic materials company reported $3.80 EPS for the quarter, topping the consensus estimate of $3.37 by $0.43. Scotts Miracle-Gro had a net margin of 8.71% and a return on equity of 45.36%. The firm had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.33 billion. During the same period in the prior year, the business posted $3.11 EPS. The business’s revenue for the quarter was up 27.5% compared to the same quarter last year. As a group, equities research analysts predict that Scotts Miracle-Gro will post 6.82 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, September 10th. Investors of record on Thursday, August 27th were issued a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a yield of 1.54%. This is a boost from Scotts Miracle-Gro’s previous quarterly dividend of $0.58. The ex-dividend date was Wednesday, August 26th. Scotts Miracle-Gro’s dividend payout ratio (DPR) is 55.48%.

In other news, Director John R. Vines sold 1,491 shares of Scotts Miracle-Gro stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $157.79, for a total value of $235,264.89. Following the completion of the transaction, the director now owns 9,904 shares in the company, valued at approximately $1,562,752.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Adam Hanft sold 3,000 shares of the business’s stock in a transaction dated Tuesday, July 7th. The stock was sold at an average price of $138.00, for a total value of $414,000.00. Following the transaction, the director now directly owns 30,445 shares of the company’s stock, valued at $4,201,410. The disclosure for this sale can be found here. Insiders have sold 147,685 shares of company stock worth $19,761,267 over the last quarter. Insiders own 28.20% of the company’s stock.

Scotts Miracle-Gro Company Profile

The Scotts Miracle-Gro Company manufactures, markets, and sells consumer lawn and garden products in the United States and internationally. The company operates through three segments: U.S. Consumer, Hawthorne, and Other. It offers lawn care products, such as lawn fertilizers, grass seed products, spreaders, other durable products, and outdoor cleaners, as well as lawn-related weed, pest, and disease control products.

See Also: Technical Analysis

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

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