Scotts Miracle-Gro (SMG) Getting Somewhat Favorable Media Coverage, Analysis Finds

News headlines about Scotts Miracle-Gro (NYSE:SMG) have trended somewhat positive on Friday, Accern Sentiment Analysis reports. Accern rates the sentiment of press coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Scotts Miracle-Gro earned a media sentiment score of 0.23 on Accern’s scale. Accern also assigned media headlines about the basic materials company an impact score of 46.7982706739866 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.

These are some of the news stories that may have effected Accern’s rankings:

Scotts Miracle-Gro (NYSE:SMG) traded down $1.46 during mid-day trading on Friday, hitting $108.01. 338,500 shares of the company were exchanged, compared to its average volume of 451,706. The company has a debt-to-equity ratio of 1.90, a quick ratio of 0.87 and a current ratio of 1.62. Scotts Miracle-Gro has a 1-year low of $81.48 and a 1-year high of $110.12. The firm has a market cap of $6,210.00, a PE ratio of 33.23, a PEG ratio of 2.55 and a beta of 0.36.

Scotts Miracle-Gro (NYSE:SMG) last released its quarterly earnings data on Tuesday, November 7th. The basic materials company reported ($0.26) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.30) by $0.04. Scotts Miracle-Gro had a net margin of 7.51% and a return on equity of 37.81%. The business had revenue of $376.70 million for the quarter, compared to analysts’ expectations of $368.50 million. During the same quarter last year, the company earned ($0.30) EPS. The company’s revenue for the quarter was up 8.0% compared to the same quarter last year. analysts expect that Scotts Miracle-Gro will post 4.3 earnings per share for the current fiscal year.

A number of analysts have weighed in on the stock. Zacks Investment Research raised 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 report on Wednesday. JPMorgan Chase & Co. cut 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 report on Wednesday, November 8th. KeyCorp reissued a “hold” rating on shares of Scotts Miracle-Gro in a report on Monday, October 16th. Bank of America increased their target price on shares of Scotts Miracle-Gro from $107.00 to $110.00 and gave the stock a “buy” rating in a report on Wednesday, November 8th. Finally, SunTrust Banks reissued a “hold” rating and set a $95.00 target price on shares of Scotts Miracle-Gro in a report on Friday, November 10th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $106.25.

In related news, EVP Ivan C. Smith sold 6,587 shares of the stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $97.74, for a total value of $643,813.38. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 29.14% of the stock is owned by company insiders.

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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.

Insider Buying and Selling by Quarter for Scotts Miracle-Gro (NYSE:SMG)

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