Research Analysts Set Expectations for Scotts Miracle-Gro Company (The)’s Q1 2018 Earnings (SMG)

Scotts Miracle-Gro Company (The) (NYSE:SMG) – Equities researchers at KeyCorp reduced their Q1 2018 earnings estimates for shares of Scotts Miracle-Gro Company (The) in a research note issued on Tuesday. KeyCorp analyst J. Gere now expects that the basic materials company will post earnings of ($0.91) per share for the quarter, down from their previous estimate of ($0.89). KeyCorp has a “Hold” rating on the stock. KeyCorp also issued estimates for Scotts Miracle-Gro Company (The)’s Q2 2018 earnings at $2.14 EPS, Q4 2018 earnings at ($0.47) EPS and FY2019 earnings at $4.64 EPS.

Several other research analysts also recently issued reports on SMG. Bank of America Corporation upped their target price on shares of Scotts Miracle-Gro Company (The) from $107.00 to $110.00 and gave the stock a “buy” rating in a research note on Wednesday. BidaskClub raised shares of Scotts Miracle-Gro Company (The) from a “sell” rating to a “hold” rating in a report on Wednesday, August 2nd. J P Morgan Chase & Co cut shares of Scotts Miracle-Gro Company (The) from an “overweight” rating to a “neutral” rating and set a $99.00 price objective for the company. in a report on Wednesday. Finally, Zacks Investment Research raised shares of Scotts Miracle-Gro Company (The) from a “sell” rating to a “hold” rating in a report on Saturday, August 5th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $101.33.

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Scotts Miracle-Gro Company (NYSE:SMG) opened at $98.63 on Friday. The stock has a market cap of $5,726.64, a P/E ratio of 23.40, a PEG ratio of 2.33 and a beta of 0.37. Scotts Miracle-Gro Company has a 52 week low of $81.48 and a 52 week high of $102.50. The company has a quick ratio of 1.21, a current ratio of 1.62 and a debt-to-equity ratio of 1.90.

Scotts Miracle-Gro Company (The) (NYSE:SMG) last issued its earnings results on Tuesday, November 7th. The basic materials company reported ($0.26) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.30) by $0.04. The firm had revenue of $376.70 million for the quarter, compared to the consensus estimate of $368.50 million. Scotts Miracle-Gro Company (The) had a net margin of 7.51% and a return on equity of 37.81%. The business’s revenue was up 8.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.30) earnings per share.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Friday, November 24th will be issued a dividend of $0.53 per share. The ex-dividend date of this dividend is Wednesday, November 22nd. This represents a $2.12 dividend on an annualized basis and a yield of 2.15%. Scotts Miracle-Gro Company (The)’s dividend payout ratio is currently 58.89%.

In other news, Chairman James Hagedorn sold 92,357 shares of the stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $96.41, for a total value of $8,904,138.37. Following the completion of the sale, the chairman now directly owns 115,867 shares of the company’s stock, valued at $11,170,737.47. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Nancy G. Mistretta sold 5,000 shares of the stock in a transaction on Friday, October 13th. The stock was sold at an average price of $100.11, for a total transaction of $500,550.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 163,053 shares of company stock valued at $15,610,752. 28.16% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Almanack Investment Partners LLC. purchased a new stake in shares of Scotts Miracle-Gro Company (The) in the second quarter worth $132,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Scotts Miracle-Gro Company (The) by 7.5% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,664 shares of the basic materials company’s stock worth $149,000 after acquiring an additional 116 shares during the last quarter. Delta Asset Management LLC TN boosted its position in shares of Scotts Miracle-Gro Company (The) by 3.8% during the second quarter. Delta Asset Management LLC TN now owns 2,025 shares of the basic materials company’s stock worth $181,000 after acquiring an additional 75 shares during the last quarter. Creative Planning boosted its position in shares of Scotts Miracle-Gro Company (The) by 44.5% during the second quarter. Creative Planning now owns 2,097 shares of the basic materials company’s stock worth $188,000 after acquiring an additional 646 shares during the last quarter. Finally, Maple Capital Management Inc. bought a new position in shares of Scotts Miracle-Gro Company (The) during the second quarter worth $207,000. 68.76% of the stock is owned by hedge funds and other institutional investors.

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.

Earnings History and Estimates for Scotts Miracle-Gro Company (The) (NYSE:SMG)

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