Scotts Miracle-Gro Company (The) Expected to Post Q4 2017 Earnings of ($0.31) Per Share (NYSE:SMG)

Scotts Miracle-Gro Company (The) (NYSE:SMG) – Investment analysts at William Blair dropped their Q4 2017 EPS estimates for Scotts Miracle-Gro Company (The) in a research note issued to investors on Thursday. William Blair analyst J. Andersen now expects that the basic materials company will post earnings of ($0.31) per share for the quarter, down from their previous estimate of ($0.28).

Scotts Miracle-Gro Company (The) (NYSE:SMG) last posted its quarterly earnings results on Tuesday, May 2nd. The basic materials company reported $2.78 earnings per share for the quarter, missing analysts’ consensus estimates of $2.93 by $0.15. The business had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.28 billion. Scotts Miracle-Gro Company (The) had a return on equity of 31.76% and a net margin of 10.23%. The business’s revenue was down 3.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.15 earnings per share. ILLEGAL ACTIVITY WARNING: This news story was originally posted by [[site]] and is owned by of [[site]]. If you are viewing this news story on another website, it was illegally stolen and republished in violation of US & international copyright & trademark legislation. The original version of this news story can be viewed at [[permalink]].

Several other equities analysts also recently weighed in on SMG. BidaskClub downgraded shares of Scotts Miracle-Gro Company (The) from a “hold” rating to a “sell” rating in a report on Tuesday. Zacks Investment Research downgraded shares of Scotts Miracle-Gro Company (The) from a “hold” rating to a “sell” rating in a report on Wednesday, May 3rd. Two analysts have rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $97.00.

Scotts Miracle-Gro Company (NYSE:SMG) traded down 0.63% during trading on Monday, reaching $95.66. 89,013 shares of the company were exchanged. The firm has a market capitalization of $5.70 billion, a PE ratio of 20.51 and a beta of 0.39. The stock has a 50 day moving average price of $89.60 and a 200 day moving average price of $91.45. Scotts Miracle-Gro Company has a 12 month low of $73.13 and a 12 month high of $98.82.

In other news, EVP Ivan C. Smith sold 3,787 shares of Scotts Miracle-Gro Company (The) stock in a transaction dated Tuesday, May 16th. The shares were sold at an average price of $87.84, for a total transaction of $332,650.08. Following the completion of the sale, the executive vice president now directly owns 18,849 shares in the company, valued at $1,655,696.16. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Hagedorn Partnership, L.P. sold 4,259 shares of Scotts Miracle-Gro Company (The) stock in a transaction dated Tuesday, May 9th. The stock was sold at an average price of $89.46, for a total transaction of $381,010.14. Following the sale, the insider now owns 15,771,259 shares of the company’s stock, valued at $1,410,896,830.14. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 63,854 shares of company stock valued at $5,662,079. Insiders own 28.16% of the company’s stock.

Large investors have recently modified their holdings of the company. IFC Holdings Incorporated FL increased its stake in shares of Scotts Miracle-Gro Company (The) by 1.9% in the first quarter. IFC Holdings Incorporated FL now owns 2,406 shares of the basic materials company’s stock worth $223,000 after buying an additional 44 shares during the period. Personal Capital Advisors Corp increased its stake in shares of Scotts Miracle-Gro Company (The) by 8.7% in the first quarter. Personal Capital Advisors Corp now owns 317,350 shares of the basic materials company’s stock worth $29,628,000 after buying an additional 25,425 shares during the period. Nationwide Fund Advisors increased its stake in shares of Scotts Miracle-Gro Company (The) by 8.2% in the first quarter. Nationwide Fund Advisors now owns 142,291 shares of the basic materials company’s stock worth $13,289,000 after buying an additional 10,761 shares during the period. Oakbrook Investments LLC increased its stake in shares of Scotts Miracle-Gro Company (The) by 62.5% in the first quarter. Oakbrook Investments LLC now owns 3,900 shares of the basic materials company’s stock worth $364,000 after buying an additional 1,500 shares during the period. Finally, Nisa Investment Advisors LLC increased its stake in shares of Scotts Miracle-Gro Company (The) by 3.2% in the first quarter. Nisa Investment Advisors LLC now owns 32,725 shares of the basic materials company’s stock worth $3,056,000 after buying an additional 1,000 shares during the period. Institutional investors and hedge funds own 68.24% 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.