News coverage about Scotts Miracle-Gro (NYSE:SMG) has trended somewhat positive recently, according to Accern Sentiment. The research firm identifies negative and positive media coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Scotts Miracle-Gro earned a daily sentiment score of 0.20 on Accern’s scale. Accern also gave news headlines about the basic materials company an impact score of 46.0248390383235 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the headlines that may have impacted Accern Sentiment’s scoring:
- The Flowr Corporation and Hawthorne Gardening Company, a Subsidiary of The Scotts Miracle-Gro Company, Announce an Exclusive Strategic R&D Alliance (markets.businessinsider.com)
- Scotts Miracle-Gro Co (SMG) Given Consensus Rating of “Hold” by Brokerages (americanbankingnews.com)
- Financial Review: Yara International ASA (YARIY) & Scotts Miracle-Gro (SMG) (americanbankingnews.com)
- Scotts Miracle-Gro Enters Oversold Territory – Nasdaq (nasdaq.com)
- The Best Marijuana Stocks Right Now – Nasdaq (nasdaq.com)
Several equities research analysts have recently weighed in on SMG shares. Zacks Investment Research cut Scotts Miracle-Gro from a “buy” rating to a “hold” rating in a research note on Saturday, January 27th. Bank of America set a $120.00 price target on Scotts Miracle-Gro and gave the company a “buy” rating in a research note on Tuesday, January 30th. Finally, KeyCorp reissued a “hold” rating on shares of Scotts Miracle-Gro in a research note on Saturday, November 25th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $104.25.
Scotts Miracle-Gro stock traded down $0.02 during midday trading on Monday, reaching $88.89. The company had a trading volume of 487,746 shares, compared to its average volume of 694,716. Scotts Miracle-Gro has a fifty-two week low of $81.48 and a fifty-two week high of $110.12. The firm has a market capitalization of $5,061.15, a PE ratio of 20.58, a P/E/G ratio of 1.70 and a beta of 0.21. The company has a quick ratio of 0.61, a current ratio of 2.09 and a debt-to-equity ratio of 3.34.
Scotts Miracle-Gro (NYSE:SMG) last released its earnings results on Tuesday, January 30th. The basic materials company reported ($1.08) EPS for the quarter, missing the consensus estimate of ($0.92) by ($0.16). Scotts Miracle-Gro had a return on equity of 38.33% and a net margin of 9.11%. The business had revenue of $221.50 million for the quarter, compared to analyst estimates of $237.21 million. During the same period in the prior year, the business earned ($0.96) EPS. The company’s revenue for the quarter was down 10.3% on a year-over-year basis. sell-side analysts predict that Scotts Miracle-Gro will post 4.7 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, March 9th. Investors of record on Friday, February 23rd were paid a dividend of $0.53 per share. The ex-dividend date was Thursday, February 22nd. This represents a $2.12 annualized dividend and a yield of 2.38%. Scotts Miracle-Gro’s dividend payout ratio is currently 49.07%.
In related news, Director Katherine Littlefield Hagedorn sold 2,892 shares of the firm’s stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $89.50, for a total transaction of $258,834.00. Following the completion of the sale, the director now owns 9,043 shares of the company’s stock, valued at $809,348.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 29.14% of the company’s stock.
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About Scotts Miracle-Gro
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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