Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Scotts Miracle-Gro Company (The) (SMG) Stock Price
News coverage about Scotts Miracle-Gro Company (The) (NYSE:SMG) has trended somewhat positive recently, according to Accern. The research group identifies negative and positive news coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Scotts Miracle-Gro Company (The) earned a daily sentiment score of 0.16 on Accern’s scale. Accern also assigned news articles about the basic materials company an impact score of 46.4243097502272 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the media headlines that may have impacted Accern Sentiment Analysis’s analysis:
- New report examines the Global potting soil market forecast 2012-2022 (whatech.com)
- The Scotts Miracle-Gro Company (SMG) performed 2.72% – Monthly upward Move – Street Observer (press release) (streetobserver.com)
- Should You Invest in This Marijuana ETF? – Madison.com (host.madison.com)
- Scotts Miracle-Gro Company (The (NYSE:SMG) Sees Light Trading Volume with 2501 Shares Changing Hands – First News 24 (firstnewspaper24.com)
- Jim Lyski to Join Ansira Board of Directors (bizjournals.com)
A number of research analysts recently issued reports on SMG shares. 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 raised shares of Scotts Miracle-Gro Company (The) from a “sell” rating to a “hold” rating in a research report on Thursday, July 13th. Finally, KeyCorp reissued a “hold” rating on shares of Scotts Miracle-Gro Company (The) in a research report on Monday, August 28th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Scotts Miracle-Gro Company (The) currently has an average rating of “Hold” and an average target price of $101.00.
Shares of Scotts Miracle-Gro Company (NYSE:SMG) opened at 98.34 on Tuesday. The firm has a 50-day moving average price of $95.49 and a 200-day moving average price of $92.51. The firm has a market cap of $5.74 billion, a price-to-earnings ratio of 26.54 and a beta of 0.39. Scotts Miracle-Gro Company has a 12-month low of $81.48 and a 12-month high of $99.91.
Scotts Miracle-Gro Company (The) (NYSE:SMG) last posted its quarterly earnings results on Tuesday, August 1st. The basic materials company reported $2.63 EPS for the quarter, topping analysts’ consensus estimates of $2.51 by $0.12. The business had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.06 billion. Scotts Miracle-Gro Company (The) had a return on equity of 36.28% and a net margin of 7.85%. Scotts Miracle-Gro Company (The)’s quarterly revenue was up 8.5% on a year-over-year basis. During the same quarter last year, the company posted $2.16 earnings per share. Equities research analysts anticipate that Scotts Miracle-Gro Company will post $4.09 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 8th. Shareholders of record on Friday, August 25th were paid a $0.53 dividend. This is a positive change from Scotts Miracle-Gro Company (The)’s previous quarterly dividend of $0.50. The ex-dividend date was Wednesday, August 23rd. This represents a $2.12 annualized dividend and a yield of 2.16%. Scotts Miracle-Gro Company (The)’s dividend payout ratio is currently 55.64%.
In related news, CFO Thomas Randal Coleman sold 13,973 shares of the stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $96.14, for a total value of $1,343,364.22. Following the sale, the chief financial officer now owns 19,959 shares in the company, valued at approximately $1,918,858.26. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Chairman James Hagedorn sold 92,357 shares of the stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $96.41, for a total value of $8,904,138.37. Following the completion of the sale, the chairman now owns 115,867 shares in the company, valued at approximately $11,170,737.47. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 254,859 shares of company stock valued at $24,364,693. Insiders own 28.16% of the company’s stock.
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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