Wall Street brokerages expect that Scotts Miracle-Gro Co (NYSE:SMG) will post earnings per share (EPS) of ($0.91) for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for Scotts Miracle-Gro’s earnings. The lowest EPS estimate is ($1.02) and the highest is ($0.82). Scotts Miracle-Gro reported earnings per share of ($0.96) during the same quarter last year, which would suggest a positive year-over-year growth rate of 5.2%. The company is expected to report its next quarterly earnings report before the market opens on Tuesday, January 30th.
On average, analysts expect that Scotts Miracle-Gro will report full-year earnings of $4.42 per share for the current financial year, with EPS estimates ranging from $4.25 to $5.04. For the next year, analysts expect that the firm will post earnings of $4.70 per share, with EPS estimates ranging from $4.63 to $4.90. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side analysts that cover Scotts Miracle-Gro.
Scotts Miracle-Gro (NYSE:SMG) last issued its earnings results on Tuesday, November 7th. The basic materials company reported ($0.26) EPS for the quarter, topping the Zacks’ 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 net margin of 7.51% and a return on equity of 37.81%. The company’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.30) EPS.
A number of brokerages have commented on SMG. Zacks Investment Research upgraded shares of Scotts Miracle-Gro from a “sell” rating to a “hold” rating and set a $121.00 target price on the stock in a research note on Wednesday, January 10th. KeyCorp restated a “hold” rating on shares of Scotts Miracle-Gro in a research note on Monday, October 16th. Bank of America upped their target price on shares of Scotts Miracle-Gro from $107.00 to $110.00 and gave the stock a “buy” rating in a research note on Wednesday, November 8th. SunTrust Banks restated a “hold” rating and issued a $95.00 target price on shares of Scotts Miracle-Gro in a research note on Friday, November 10th. Finally, 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. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $106.25.
In other news, EVP Ivan C. Smith sold 6,587 shares of the stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $97.74, for a total transaction of $643,813.38. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 29.14% of the stock is owned by corporate insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Ameritas Investment Partners Inc. boosted its stake in shares of Scotts Miracle-Gro by 0.5% during the second quarter. Ameritas Investment Partners Inc. now owns 13,733 shares of the basic materials company’s stock valued at $1,228,000 after purchasing an additional 67 shares in the last quarter. Zacks Investment Management boosted its stake in shares of Scotts Miracle-Gro by 0.4% during the second quarter. Zacks Investment Management now owns 24,176 shares of the basic materials company’s stock valued at $2,163,000 after purchasing an additional 108 shares in the last quarter. Private Advisor Group LLC boosted its stake in shares of Scotts Miracle-Gro by 9.0% during the second quarter. Private Advisor Group LLC now owns 2,620 shares of the basic materials company’s stock valued at $239,000 after purchasing an additional 216 shares in the last quarter. Thrivent Financial For Lutherans boosted its stake in shares of Scotts Miracle-Gro by 0.4% during the second quarter. Thrivent Financial For Lutherans now owns 153,722 shares of the basic materials company’s stock valued at $13,752,000 after purchasing an additional 580 shares in the last quarter. Finally, Advisor Group Inc. boosted its stake in shares of Scotts Miracle-Gro by 17.1% during the third quarter. Advisor Group Inc. now owns 4,961 shares of the basic materials company’s stock valued at $482,000 after purchasing an additional 726 shares in the last quarter. Hedge funds and other institutional investors own 69.18% of the company’s stock.
Shares of Scotts Miracle-Gro (NYSE:SMG) traded down $0.80 during mid-day trading on Friday, reaching $106.28. 475,496 shares of the company’s stock were exchanged, compared to its average volume of 449,608. The company has a debt-to-equity ratio of 1.90, a current ratio of 1.62 and a quick ratio of 0.87. The company has a market cap of $6,110.00, a P/E ratio of 32.70, a P/E/G 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.
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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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