Scotts Miracle-Gro Co (NYSE:SMG) – Stock analysts at SunTrust Banks upped their FY2018 earnings per share estimates for Scotts Miracle-Gro in a research note issued on Monday. SunTrust Banks analyst W. Chappell now expects that the basic materials company will post earnings of $5.04 per share for the year, up from their prior estimate of $4.21. SunTrust Banks currently has a “Hold” rating and a $95.00 target price on the stock.
Several other research firms have also recently issued reports on SMG. Zacks Investment Research raised Scotts Miracle-Gro from a “sell” rating to a “hold” rating and set a $121.00 price target on the stock in a report on Wednesday. JPMorgan Chase & Co. downgraded shares of Scotts Miracle-Gro from an “overweight” rating to a “neutral” rating and set a $99.00 target price on the stock. in a research note on Wednesday, November 8th. Bank of America boosted their target price on shares of Scotts Miracle-Gro from $107.00 to $110.00 and gave the company a “buy” rating in a research note on Wednesday, November 8th. Finally, KeyCorp reissued a “hold” rating on shares of Scotts Miracle-Gro in a research note on Monday, October 16th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $106.25.
Scotts Miracle-Gro (NYSE:SMG) traded up $1.11 during midday trading on Wednesday, hitting $109.47. The company’s stock had a trading volume of 317,100 shares, compared to its average volume of 609,600. The company has a market capitalization of $6,220.00, a PE ratio of 33.68, a P/E/G ratio of 2.55 and a beta of 0.36. Scotts Miracle-Gro has a 52 week low of $81.48 and a 52 week high of $109.77. The company has a debt-to-equity ratio of 1.90, a current ratio of 1.62 and a quick ratio of 0.87.
Scotts Miracle-Gro (NYSE:SMG) last posted its quarterly earnings results on Tuesday, November 7th. The basic materials company reported ($0.26) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.30) by $0.04. The company had revenue of $376.70 million for the quarter, compared to analysts’ expectations of $368.50 million. Scotts Miracle-Gro had a return on equity of 37.81% and a net margin of 7.51%. The firm’s revenue was up 8.0% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.30) earnings per share.
In other Scotts Miracle-Gro news, EVP Ivan C. Smith sold 6,587 shares of the business’s stock in a transaction on Friday, November 17th. The shares were sold at an average price of $97.74, for a total transaction of $643,813.38. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 29.14% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. TimesSquare Capital Management LLC boosted its holdings in Scotts Miracle-Gro by 42.5% in the third quarter. TimesSquare Capital Management LLC now owns 980,450 shares of the basic materials company’s stock worth $95,437,000 after purchasing an additional 292,250 shares in the last quarter. FIL Ltd raised its position in Scotts Miracle-Gro by 39.2% in the second quarter. FIL Ltd now owns 664,781 shares of the basic materials company’s stock worth $59,472,000 after purchasing an additional 187,264 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its position in Scotts Miracle-Gro by 17.7% in the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,046,557 shares of the basic materials company’s stock worth $101,873,000 after purchasing an additional 157,174 shares in the last quarter. Janus Henderson Group PLC acquired a new stake in shares of Scotts Miracle-Gro during the second quarter worth approximately $13,178,000. Finally, JPMorgan Chase & Co. increased its holdings in shares of Scotts Miracle-Gro by 160.5% during the third quarter. JPMorgan Chase & Co. now owns 109,797 shares of the basic materials company’s stock worth $10,690,000 after buying an additional 67,644 shares in the last quarter. 69.18% of the stock is currently owned by institutional investors and hedge funds.
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Scotts Miracle-Gro 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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