Scotts Miracle-Gro Company (The) (SMG) Expected to Earn Q1 2018 Earnings of ($0.99) Per Share

Scotts Miracle-Gro Company (The) (NYSE:SMG) – Stock analysts at William Blair issued their Q1 2018 earnings per share (EPS) estimates for Scotts Miracle-Gro Company (The) in a research note issued on Tuesday. William Blair analyst J. Andersen anticipates that the basic materials company will earn ($0.99) per share for the quarter. William Blair also issued estimates for Scotts Miracle-Gro Company (The)’s Q2 2018 earnings at $3.16 EPS, Q3 2018 earnings at $2.46 EPS, Q4 2018 earnings at ($0.39) EPS and FY2019 earnings at $4.65 EPS.

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

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A number of other analysts have also recently commented on the company. BidaskClub cut Scotts Miracle-Gro Company (The) from a “hold” rating to a “sell” rating in a research report on Tuesday, July 25th. Zacks Investment Research cut Scotts Miracle-Gro Company (The) from a “hold” rating to a “sell” rating in a research report on Wednesday, October 4th. KeyCorp reaffirmed a “hold” rating on shares of Scotts Miracle-Gro Company (The) in a research report on Monday, August 28th. J P Morgan Chase & Co cut Scotts Miracle-Gro Company (The) from an “overweight” rating to a “neutral” rating and set a $99.00 price target for the company. in a research report on Wednesday. Finally, SunTrust Banks, Inc. reaffirmed a “hold” rating and set a $95.00 price target on shares of Scotts Miracle-Gro Company (The) in a research report on Friday. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company’s stock. Scotts Miracle-Gro Company (The) presently has a consensus rating of “Hold” and a consensus price target of $101.33.

Shares of Scotts Miracle-Gro Company (SMG) opened at $98.63 on Friday. The company has a debt-to-equity ratio of 1.90, a current ratio of 1.62 and a quick ratio of 1.21. The firm has a market capitalization of $5,761.08, a price-to-earnings ratio of 23.54, a PEG ratio of 2.34 and a beta of 0.37. Scotts Miracle-Gro Company has a 52-week low of $81.48 and a 52-week high of $102.50.

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 given a dividend of $0.53 per share. The ex-dividend date is Wednesday, November 22nd. This represents a $2.12 dividend on an annualized basis and a yield of 2.15%. Scotts Miracle-Gro Company (The)’s dividend payout ratio is currently 58.89%.

In other Scotts Miracle-Gro Company (The) news, Director Nancy G. Mistretta sold 5,000 shares of Scotts Miracle-Gro Company (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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Hagedorn Partnership, L.P. sold 32,000 shares of Scotts Miracle-Gro Company (The) stock in a transaction dated Monday, August 28th. The shares were sold at an average price of $94.37, for a total value of $3,019,840.00. Following the transaction, the insider now owns 15,759,274 shares of the company’s stock, valued at approximately $1,487,202,687.38. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 163,053 shares of company stock valued at $15,610,752. 28.16% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Wells Fargo & Company MN raised its stake in shares of Scotts Miracle-Gro Company (The) by 1.9% during the 3rd quarter. Wells Fargo & Company MN now owns 259,642 shares of the basic materials company’s stock valued at $25,274,000 after buying an additional 4,966 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Scotts Miracle-Gro Company (The) by 160.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 109,797 shares of the basic materials company’s stock valued at $10,690,000 after buying an additional 67,644 shares during the last quarter. Legal & General Group Plc raised its stake in shares of Scotts Miracle-Gro Company (The) by 10.7% during the 3rd quarter. Legal & General Group Plc now owns 49,446 shares of the basic materials company’s stock valued at $4,813,000 after buying an additional 4,782 shares during the last quarter. Hosking Partners LLP raised its stake in shares of Scotts Miracle-Gro Company (The) by 0.5% during the 3rd quarter. Hosking Partners LLP now owns 156,591 shares of the basic materials company’s stock valued at $15,243,000 after buying an additional 746 shares during the last quarter. Finally, Eagle Asset Management Inc. raised its stake in shares of Scotts Miracle-Gro Company (The) by 5.3% during the 3rd quarter. Eagle Asset Management Inc. now owns 344,609 shares of the basic materials company’s stock valued at $33,888,000 after buying an additional 17,305 shares during the last quarter. Institutional investors and hedge funds own 68.76% 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.

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

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