Zacks: Brokerages Anticipate Scotts Miracle-Gro Co (NYSE:SMG) Will Announce Earnings of $2.71 Per Share

Brokerages expect Scotts Miracle-Gro Co (NYSE:SMG) to report earnings per share of $2.71 for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Scotts Miracle-Gro’s earnings, with the highest EPS estimate coming in at $2.77 and the lowest estimate coming in at $2.63. Scotts Miracle-Gro posted earnings of $2.67 per share in the same quarter last year, which indicates a positive year over year growth rate of 1.5%. The business is expected to issue its next quarterly earnings results before the market opens on Wednesday, July 31st.

On average, analysts expect that Scotts Miracle-Gro will report full-year earnings of $4.33 per share for the current year, with EPS estimates ranging from $4.25 to $4.40. For the next year, analysts expect that the firm will post earnings of $4.74 per share, with EPS estimates ranging from $4.55 to $4.90. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that follow Scotts Miracle-Gro.

Scotts Miracle-Gro (NYSE:SMG) last posted its quarterly earnings data on Wednesday, May 1st. The basic materials company reported $3.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.42 by $0.22. The firm had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.16 billion. Scotts Miracle-Gro had a return on equity of 53.15% and a net margin of 8.67%. The business’s revenue for the quarter was up 17.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.88 EPS.

A number of research analysts have recently weighed in on SMG shares. TheStreet downgraded ZTO Express (Cayman) from a “b+” rating to a “c” rating in a research note on Wednesday, May 1st. Bank of America increased their price target on Tc Pipelines from $64.00 to $66.00 and gave the company a “buy” rating in a research note on Tuesday. Finally, ValuEngine downgraded Willdan Group from a “buy” rating to a “hold” rating in a research note on Thursday, May 30th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. Scotts Miracle-Gro currently has a consensus rating of “Hold” and a consensus price target of $78.03.

Shares of SMG stock traded up $0.71 during trading hours on Thursday, reaching $102.96. The company had a trading volume of 5,036 shares, compared to its average volume of 312,667. The firm’s 50 day simple moving average is $99.60. The company has a debt-to-equity ratio of 3.28, a quick ratio of 1.00 and a current ratio of 1.59. The firm has a market capitalization of $5.63 billion, a price-to-earnings ratio of 27.76, a price-to-earnings-growth ratio of 2.26 and a beta of 0.87. Scotts Miracle-Gro has a 1-year low of $57.96 and a 1-year high of $104.42.

Several hedge funds have recently bought and sold shares of SMG. Huntington National Bank raised its stake in Scotts Miracle-Gro by 4.6% during the 1st quarter. Huntington National Bank now owns 2,838 shares of the basic materials company’s stock worth $223,000 after buying an additional 125 shares during the period. Eukles Asset Management raised its stake in Scotts Miracle-Gro by 3.9% during the 1st quarter. Eukles Asset Management now owns 3,345 shares of the basic materials company’s stock worth $263,000 after buying an additional 125 shares during the period. Curbstone Financial Management Corp raised its stake in Scotts Miracle-Gro by 1.7% during the 2nd quarter. Curbstone Financial Management Corp now owns 7,630 shares of the basic materials company’s stock worth $752,000 after buying an additional 130 shares during the period. US Bancorp DE raised its stake in Scotts Miracle-Gro by 1.0% during the 1st quarter. US Bancorp DE now owns 13,917 shares of the basic materials company’s stock worth $1,093,000 after buying an additional 132 shares during the period. Finally, Bedel Financial Consulting Inc. raised its stake in Scotts Miracle-Gro by 58.5% during the 1st quarter. Bedel Financial Consulting Inc. now owns 515 shares of the basic materials company’s stock worth $40,000 after buying an additional 190 shares during the period. 66.12% of the stock is currently owned by institutional investors.

About Scotts Miracle-Gro

The Scotts Miracle-Gro Company manufactures, markets, and sells consumer lawn and garden products in the United States and internationally. The company operates through three segments: U.S. Consumer, Hawthorne, and Other. It offers lawn care products, such as lawn fertilizers, grass seed products, spreaders, other durable products, and outdoor cleaners, as well as lawn-related weed, pest, and disease control products.

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

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