Brokerages predict that Scotts Miracle-Gro Company (The) (NYSE:SMG) will report ($0.34) earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Five analysts have issued estimates for Scotts Miracle-Gro Company (The)’s earnings. The highest EPS estimate is ($0.29) and the lowest is ($0.38). Scotts Miracle-Gro Company (The) posted earnings per share of ($0.30) in the same quarter last year, which would suggest a negative year over year growth rate of 13.3%. The business is expected to announce its next earnings report on Thursday, November 2nd.

On average, analysts expect that Scotts Miracle-Gro Company (The) will report full-year earnings of $4.13 per share for the current year, with EPS estimates ranging from $4.10 to $4.20. For the next fiscal year, analysts anticipate that the company will post earnings of $4.56 per share, with EPS estimates ranging from $4.40 to $4.75. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that follow Scotts Miracle-Gro Company (The).

Scotts Miracle-Gro Company (The) (NYSE:SMG) last posted its quarterly earnings results on Tuesday, August 1st. The basic materials company reported $2.63 earnings per share for the quarter, beating analysts’ consensus estimates of $2.51 by $0.12. Scotts Miracle-Gro Company (The) had a return on equity of 36.28% and a net margin of 7.85%. The business had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.06 billion. During the same quarter in the prior year, the business earned $2.16 EPS. The firm’s revenue for the quarter was up 8.5% on a year-over-year basis.

Several research firms have weighed in on SMG. Zacks Investment Research raised Scotts Miracle-Gro Company (The) from a “sell” rating to a “hold” rating in a research report on Saturday. BidaskClub raised Scotts Miracle-Gro Company (The) from a “sell” rating to a “hold” rating in a research report on Wednesday, August 2nd. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Scotts Miracle-Gro Company (The) currently has an average rating of “Buy” and an average price target of $101.00.

Scotts Miracle-Gro Company (NYSE:SMG) traded down 1.4923% during midday trading on Tuesday, reaching $95.8184. The company had a trading volume of 110,985 shares. The firm has a market capitalization of $5.67 billion, a price-to-earnings ratio of 25.8549 and a beta of 0.40. The stock’s 50 day moving average is $91.45 and its 200 day moving average is $91.50. Scotts Miracle-Gro Company has a 12-month low of $74.54 and a 12-month high of $99.91.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 8th. Shareholders of record on Friday, August 25th will be given a $0.53 dividend. The ex-dividend date of this dividend is Wednesday, August 23rd. This represents a $2.12 annualized dividend and a yield of 2.18%. This is a boost from Scotts Miracle-Gro Company (The)’s previous quarterly dividend of $0.50. Scotts Miracle-Gro Company (The)’s payout ratio is currently 52.49%.

In other Scotts Miracle-Gro Company (The) news, CFO Thomas Randal Coleman sold 5,112 shares of the business’s stock in a transaction on Tuesday, May 16th. The stock was sold at an average price of $87.56, for a total value of $447,606.72. Following the transaction, the chief financial officer now owns 14,090 shares of the company’s stock, valued at $1,233,720.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Ivan C. Smith sold 3,787 shares of the business’s stock in a transaction on Tuesday, May 16th. The stock was sold at an average price of $87.84, for a total value of $332,650.08. Following the completion of the transaction, the executive vice president now directly owns 18,849 shares in the company, valued at approximately $1,655,696.16. The disclosure for this sale can be found here. In the last three months, insiders sold 35,779 shares of company stock worth $3,312,980. Insiders own 28.16% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Teachers Advisors LLC boosted its position in shares of Scotts Miracle-Gro Company (The) by 469.9% in the fourth quarter. Teachers Advisors LLC now owns 219,410 shares of the basic materials company’s stock worth $20,965,000 after buying an additional 180,907 shares in the last quarter. CENTRAL TRUST Co boosted its position in shares of Scotts Miracle-Gro Company (The) by 10.1% in the first quarter. CENTRAL TRUST Co now owns 1,640 shares of the basic materials company’s stock worth $153,000 after buying an additional 150 shares in the last quarter. Creative Planning boosted its position in shares of Scotts Miracle-Gro Company (The) by 4.3% in the first quarter. Creative Planning now owns 1,451 shares of the basic materials company’s stock worth $135,000 after buying an additional 60 shares in the last quarter. Bank of Montreal Can boosted its position in shares of Scotts Miracle-Gro Company (The) by 6.1% in the first quarter. Bank of Montreal Can now owns 21,637 shares of the basic materials company’s stock worth $2,021,000 after buying an additional 1,248 shares in the last quarter. Finally, Louisiana State Employees Retirement System boosted its position in shares of Scotts Miracle-Gro Company (The) by 1.8% in the first quarter. Louisiana State Employees Retirement System now owns 11,200 shares of the basic materials company’s stock worth $1,046,000 after buying an additional 200 shares in the last quarter. 68.04% of the stock is currently owned by hedge funds and other institutional investors.

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About Scotts Miracle-Gro Company (The)

The Scotts Miracle-Gro Company (Scotts Miracle-Gro) is a manufacturer and marketer of branded consumer lawn and garden products. The Company’s segments include Global Consumer. In North America, its brands include Scotts and Turf Builder lawn and grass seed products; Miracle-Gro, Nature’s Care, Scotts, LiquaFeed and Osmocote gardening and landscape products; and Ortho, Roundup, Home Defense and Tomcat branded insect control, weed control and rodent control products.

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

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