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.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Scotts Miracle-Gro Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Scotts Miracle-Gro and related companies with MarketBeat.com's FREE daily email newsletter.