Brokerages Expect Scotts Miracle-Gro Co (NYSE:SMG) to Post -$0.89 Earnings Per Share

Equities research analysts expect Scotts Miracle-Gro Co (NYSE:SMG) to report ($0.89) earnings per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Scotts Miracle-Gro’s earnings. The highest EPS estimate is ($0.73) and the lowest is ($0.97). Scotts Miracle-Gro posted earnings of ($0.75) per share during the same quarter last year, which would indicate a negative year over year growth rate of 18.7%. The firm is scheduled to issue its next earnings results on Wednesday, November 6th.

On average, analysts expect that Scotts Miracle-Gro will report full year earnings of $4.50 per share for the current year, with EPS estimates ranging from $4.40 to $4.65. For the next financial year, analysts anticipate that the business will report earnings of $4.91 per share, with EPS estimates ranging from $4.75 to $5.10. Zacks Investment Research’s EPS averages are a mean average based on a survey of research analysts that that provide coverage for Scotts Miracle-Gro.

Scotts Miracle-Gro (NYSE:SMG) last issued its quarterly earnings results on Wednesday, July 31st. The basic materials company reported $3.11 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.74 by $0.37. Scotts Miracle-Gro had a return on equity of 51.15% and a net margin of 12.02%. The firm had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.07 billion. During the same period last year, the company earned $2.67 earnings per share. The company’s revenue for the quarter was up 17.7% on a year-over-year basis.

SMG has been the subject of several recent research reports. SunTrust Banks increased their price target on Scotts Miracle-Gro to $120.00 and gave the stock a “positive” rating in a report on Thursday, August 1st. Zacks Investment Research downgraded Scotts Miracle-Gro from a “buy” rating to a “hold” rating and set a $117.00 price target for the company. in a report on Tuesday, October 1st. Bank of America raised Scotts Miracle-Gro from an “underperform” rating to a “neutral” rating and set a $108.00 price target for the company in a report on Tuesday, October 1st. Finally, ValuEngine downgraded Scotts Miracle-Gro from a “hold” rating to a “sell” rating in a report on Friday, October 4th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $98.42.

In other Scotts Miracle-Gro news, Director Adam Hanft sold 7,500 shares of the firm’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $110.07, for a total value of $825,525.00. Following the completion of the sale, the director now owns 43,403 shares of the company’s stock, valued at $4,777,368.21. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Stephen L. Johnson sold 1,145 shares of the firm’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $110.00, for a total value of $125,950.00. Following the completion of the sale, the director now directly owns 19,075 shares of the company’s stock, valued at approximately $2,098,250. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 794,810 shares of company stock valued at $86,961,210. Corporate insiders own 30.37% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in SMG. Front Row Advisors LLC acquired a new stake in Scotts Miracle-Gro in the first quarter valued at $25,000. NEXT Financial Group Inc lifted its holdings in Scotts Miracle-Gro by 806.7% in the second quarter. NEXT Financial Group Inc now owns 272 shares of the basic materials company’s stock valued at $27,000 after acquiring an additional 242 shares during the period. Griffin Asset Management Inc. acquired a new stake in Scotts Miracle-Gro in the second quarter valued at $42,000. Capital Investment Advisory Services LLC lifted its holdings in Scotts Miracle-Gro by 112.3% in the second quarter. Capital Investment Advisory Services LLC now owns 467 shares of the basic materials company’s stock valued at $48,000 after acquiring an additional 247 shares during the period. Finally, Zions Bancorporation N.A. acquired a new stake in Scotts Miracle-Gro in the first quarter valued at $49,000. 66.32% of the stock is owned by institutional investors.

Shares of NYSE SMG traded up $0.64 during mid-day trading on Wednesday, hitting $102.76. 225,801 shares of the company were exchanged, compared to its average volume of 488,050. The company has a quick ratio of 0.90, a current ratio of 1.45 and a debt-to-equity ratio of 1.94. The stock has a 50 day simple moving average of $104.21 and a 200-day simple moving average of $96.10. Scotts Miracle-Gro has a 1-year low of $57.96 and a 1-year high of $114.63. The firm has a market cap of $5.75 billion, a price-to-earnings ratio of 27.70, a price-to-earnings-growth ratio of 1.79 and a beta of 0.81.

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Tuesday, August 27th were issued a dividend of $0.58 per share. The ex-dividend date was Monday, August 26th. This is an increase from Scotts Miracle-Gro’s previous quarterly dividend of $0.55. This represents a $2.32 annualized dividend and a dividend yield of 2.26%. Scotts Miracle-Gro’s dividend payout ratio (DPR) is currently 62.53%.

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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