Equities analysts expect that Scotts Miracle-Gro Company (The) (NYSE:SMG) will post sales of $396.23 million for the current quarter, Zacks reports. Five analysts have provided estimates for Scotts Miracle-Gro Company (The)’s earnings, with estimates ranging from $375.10 million to $413.40 million. Scotts Miracle-Gro Company (The) posted sales of $402.30 million during the same quarter last year, which would indicate a negative year-over-year growth rate of 1.5%. The business is expected to issue its next earnings results on Thursday, November 2nd.

On average, analysts expect that Scotts Miracle-Gro Company (The) will report full year sales of $396.23 million for the current financial year, with estimates ranging from $2.68 billion to $2.96 billion. For the next financial year, analysts forecast that the company will report sales of $2.81 billion per share, with estimates ranging from $2.75 billion to $2.87 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that follow Scotts Miracle-Gro Company (The).

Scotts Miracle-Gro Company (The) (NYSE:SMG) last announced its quarterly earnings data 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. The firm had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.06 billion. Scotts Miracle-Gro Company (The) had a net margin of 7.85% and a return on equity of 36.28%. The business’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same period in the previous year, the company earned $2.16 earnings per share.

Several brokerages recently commented on SMG. KeyCorp reiterated a “hold” rating on shares of Scotts Miracle-Gro Company (The) in a research note on Monday, August 28th. Zacks Investment Research upgraded shares of Scotts Miracle-Gro Company (The) from a “sell” rating to a “hold” rating in a research note on Saturday, August 5th. Finally, BidaskClub upgraded shares of Scotts Miracle-Gro Company (The) from a “sell” rating to a “hold” rating in a research note on Wednesday, August 2nd. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Scotts Miracle-Gro Company (The) presently has a consensus rating of “Hold” and a consensus price target of $101.00.

In other Scotts Miracle-Gro Company (The) news, Chairman James Hagedorn sold 92,357 shares of Scotts Miracle-Gro Company (The) stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $96.41, for a total value of $8,904,138.37. Following the transaction, the chairman now directly owns 115,867 shares in the company, valued at $11,170,737.47. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder Hagedorn Partnership, L.P. sold 32,000 shares of Scotts Miracle-Gro Company (The) stock in a transaction on Monday, August 28th. The shares were sold at an average price of $94.37, for a total transaction of $3,019,840.00. Following the completion of the transaction, the insider now owns 15,759,274 shares in the company, valued at $1,487,202,687.38. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 254,859 shares of company stock worth $24,364,693. 28.16% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of SMG. FNY Managed Accounts LLC acquired a new position in Scotts Miracle-Gro Company (The) in the first quarter valued at $103,000. Glen Harbor Capital Management LLC increased its stake in Scotts Miracle-Gro Company (The) by 2.4% in the first quarter. Glen Harbor Capital Management LLC now owns 1,392 shares of the basic materials company’s stock valued at $130,000 after purchasing an additional 32 shares during the period. Almanack Investment Partners LLC. acquired a new position in Scotts Miracle-Gro Company (The) in the second quarter valued at $132,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Scotts Miracle-Gro Company (The) by 7.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,664 shares of the basic materials company’s stock valued at $149,000 after purchasing an additional 116 shares during the period. Finally, Delta Asset Management LLC TN increased its stake in Scotts Miracle-Gro Company (The) by 3.8% in the second quarter. Delta Asset Management LLC TN now owns 2,025 shares of the basic materials company’s stock valued at $181,000 after purchasing an additional 75 shares during the period. Institutional investors own 69.04% of the company’s stock.

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Shares of Scotts Miracle-Gro Company (NYSE:SMG) traded up 0.32% during midday trading on Friday, hitting $95.37. 917,175 shares of the stock were exchanged. The company has a market cap of $5.57 billion, a PE ratio of 25.73 and a beta of 0.39. The stock has a 50 day moving average price of $95.12 and a 200-day moving average price of $92.06. Scotts Miracle-Gro Company has a 12 month low of $79.65 and a 12 month high of $99.91.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 8th. Shareholders of record on Friday, August 25th were paid a $0.53 dividend. The ex-dividend date of this dividend was Wednesday, August 23rd. This is a positive change from Scotts Miracle-Gro Company (The)’s previous quarterly dividend of $0.50. This represents a $2.12 dividend on an annualized basis and a yield of 2.22%. Scotts Miracle-Gro Company (The)’s payout ratio is currently 55.64%.

Scotts Miracle-Gro Company (The) Company Profile

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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