Scotts Miracle-Gro (SMG) Announces Quarterly Earnings Results, Beats Estimates By $0.04 EPS
Scotts Miracle-Gro (NYSE:SMG) announced its earnings results on Thursday. The company reported ($1.05) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($1.09) by $0.04, Analyst RN reports. The company had revenue of $196.40 million for the quarter, compared to the consensus estimate of $211.58 million.
In other Scotts Miracle-Gro news, Director Stephanie Shern sold 4,184 shares of Scotts Miracle-Gro stock on the open market in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $60.99, for a total transaction of $255,182.16. Following the transaction, the director now directly owns 2,000 shares of the company’s stock, valued at approximately $121,980. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
A number of research firms have recently commented on SMG. Analysts at Zacks downgraded shares of Scotts Miracle-Gro from an “outperform” rating to a “neutral” rating in a research note to investors on Monday, January 13th. They now have a $66.70 price target on the stock. On a related note, analysts at KeyCorp initiated coverage on shares of Scotts Miracle-Gro in a research note to investors on Monday, December 16th. They set a “hold” rating on the stock. Finally, analysts at BMO Capital Markets raised their price target on shares of Scotts Miracle-Gro from $2.00 to $60.00 in a research note to investors on Monday, December 16th. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $59.93.
Scotts Miracle-Gro (NYSE:SMG) opened at 57.63 on Thursday. Scotts Miracle-Gro has a 52 week low of $42.01 and a 52 week high of $63.39. The stock’s 50-day moving average is $61.25 and its 200-day moving average is $57.10. The company has a market cap of $3.572 billion and a P/E ratio of 22.09.
The company also recently announced a quarterly dividend, which is scheduled for Monday, March 10th. Shareholders of record on Monday, February 24th will be paid a dividend of 0.4375 per share. This represents a $1.75 annualized dividend and a dividend yield of 3.03%. The ex-dividend date is Thursday, February 20th.
The Scotts Miracle-Gro Company, (NYSE:SMG) is a manufacturer and marketer of branded consumer lawn and gardens products.
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