Scotts Miracle-Gro Co. (SMG) Issues FY14 Earnings Guidance
Scotts Miracle-Gro Co. (NYSE:SMG) updated its FY14 earnings guidance on Wednesday. The company provided earnings per share guidance of $3.05-3.20 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.22, American Banking and Market News reports. The company issued revenue guidance of flat to +1% to ~$2.816-2.844 billion, compared to the consensus revenue estimate of $2.85 billion.
A number of analysts have recently weighed in on SMG shares. Analysts at BMO Capital Markets raised their price target on shares of Scotts Miracle-Gro from $67.00 to $68.00 in a research note on Tuesday, May 6th. They now have an outperform rating on the stock. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company has an average rating of Hold and an average target price of $61.93.
Shares of Scotts Miracle-Gro Co. (NYSE:SMG) traded down 1.25% on Wednesday, hitting $60.07. The stock had a trading volume of 238,028 shares. Scotts Miracle-Gro Co. has a 52 week low of $46.55 and a 52 week high of $63.96. The stock’s 50-day moving average is $60.41 and its 200-day moving average is $59.95. The company has a market cap of $3.681 billion and a price-to-earnings ratio of 20.23.
Scotts Miracle-Gro (NYSE:SMG) last issued its quarterly earnings data on Monday, May 5th. The company reported $2.00 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.97 by $0.03. The company had revenue of $1.08 million for the quarter, compared to the consensus estimate of $1.09 million. During the same quarter in the prior year, the company posted $1.60 earnings per share. The company’s quarterly revenue was up 7.3% on a year-over-year basis. Analysts expect that Scotts Miracle-Gro Co. will post $3.22 EPS for the current fiscal year.
The Scotts Miracle-Gro Company, (NYSE:SMG) is a manufacturer and marketer of branded consumer lawn and gardens products.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.