Scotts Miracle-Gro Co (NYSE:SMG) – Research analysts at SunTrust Banks upped their FY2018 earnings per share (EPS) estimates for Scotts Miracle-Gro in a report issued on Monday, Zacks Investment Research reports. SunTrust Banks analyst W. Chappell now anticipates that the basic materials company will post earnings of $5.04 per share for the year, up from their prior forecast of $4.21. SunTrust Banks has a “Hold” rating and a $95.00 price objective on the stock.
Scotts Miracle-Gro (NYSE:SMG) last issued its quarterly earnings data on Tuesday, November 7th. The basic materials company reported ($0.26) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.30) by $0.04. The business had revenue of $376.70 million for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter last year, the business posted ($0.30) EPS.
SMG has been the topic of several other research reports. KeyCorp reaffirmed a “hold” rating on shares of Scotts Miracle-Gro in a research note on Saturday, November 25th. Zacks Investment Research downgraded Scotts Miracle-Gro from a “hold” rating to a “sell” rating in a research note on Wednesday, October 4th. Bank of America raised their price objective on Scotts Miracle-Gro from $107.00 to $110.00 and gave the stock a “buy” rating in a research note on Wednesday, November 8th. Finally, JPMorgan Chase & Co. downgraded Scotts Miracle-Gro from an “overweight” rating to a “neutral” rating and set a $99.00 price objective on the stock. in a research note on Wednesday, November 8th. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $106.25.
Shares of Scotts Miracle-Gro (NYSE:SMG) traded down $0.80 during trading on Wednesday, reaching $106.28. The company had a trading volume of 471,706 shares, compared to its average volume of 536,892. The firm has a market cap of $6,110.00, a P/E ratio of 32.70, a PEG ratio of 2.45 and a beta of 0.36. Scotts Miracle-Gro has a twelve month low of $81.48 and a twelve month high of $110.12. The company has a debt-to-equity ratio of 1.90, a current ratio of 1.62 and a quick ratio of 0.87.
In other Scotts Miracle-Gro news, EVP Ivan C. Smith sold 6,587 shares of the stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $97.74, for a total transaction of $643,813.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 29.14% of the stock is currently owned by corporate insiders.
Hedge funds have recently added to or reduced their stakes in the business. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Scotts Miracle-Gro by 7.5% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,664 shares of the basic materials company’s stock worth $149,000 after purchasing an additional 116 shares in the last quarter. Charter Trust Co. bought a new position in Scotts Miracle-Gro during the 4th quarter worth about $203,000. First Allied Advisory Services Inc. bought a new position in Scotts Miracle-Gro during the 3rd quarter worth about $226,000. Private Advisor Group LLC increased its holdings in Scotts Miracle-Gro by 9.0% during the 2nd quarter. Private Advisor Group LLC now owns 2,620 shares of the basic materials company’s stock worth $239,000 after purchasing an additional 216 shares in the last quarter. Finally, Jensen Investment Management Inc. bought a new position in Scotts Miracle-Gro during the 3rd quarter worth about $258,000. Hedge funds and other institutional investors own 69.18% of the company’s stock.
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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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