Equities research analysts expect Scotts Miracle-Gro Company (The) (NYSE:SMG) to post sales of $396.23 million for the current fiscal quarter, according to Zacks. Five analysts have made 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) reported sales of $402.30 million during the same quarter last year, which indicates a negative year over year growth rate of 1.5%. The firm is scheduled to issue its next quarterly earnings report 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 year, with estimates ranging from $2.68 billion to $2.96 billion. For the next financial year, analysts expect that the firm 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 analysts that cover Scotts Miracle-Gro Company (The).

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

A number of brokerages have recently commented on SMG. Zacks Investment Research upgraded shares of Scotts Miracle-Gro Company (The) from a “sell” rating to a “hold” rating in a report on Saturday, August 5th. BidaskClub raised shares of Scotts Miracle-Gro Company (The) from a “sell” rating to a “hold” rating in a research report on Thursday, July 13th. Finally, KeyCorp reaffirmed a “hold” rating on shares of Scotts Miracle-Gro Company (The) in a research report on Monday, August 28th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $101.00.

In other Scotts Miracle-Gro Company (The) news, EVP Denise Stump sold 22,615 shares of Scotts Miracle-Gro Company (The) stock in a transaction on Monday, July 24th. The stock was sold at an average price of $95.05, for a total transaction of $2,149,555.75. Following the completion of the transaction, the executive vice president now owns 19,444 shares in the company, valued at $1,848,152.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Paul Hagedorn sold 16,000 shares of Scotts Miracle-Gro Company (The) stock in a transaction on Friday, September 8th. The shares were sold at an average price of $94.30, for a total value of $1,508,800.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 254,859 shares of company stock worth $24,364,693. Insiders own 28.16% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Cadence Capital Management LLC increased its holdings in shares of Scotts Miracle-Gro Company (The) by 5.9% during the second quarter. Cadence Capital Management LLC now owns 5,511 shares of the basic materials company’s stock valued at $493,000 after acquiring an additional 308 shares in the last quarter. Eagle Asset Management Inc. raised its position in shares of Scotts Miracle-Gro Company (The) by 44.5% in the 2nd quarter. Eagle Asset Management Inc. now owns 327,304 shares of the basic materials company’s stock worth $29,280,000 after purchasing an additional 100,743 shares during the last quarter. Arizona State Retirement System raised its position in shares of Scotts Miracle-Gro Company (The) by 1.1% in the 2nd quarter. Arizona State Retirement System now owns 18,600 shares of the basic materials company’s stock worth $1,664,000 after purchasing an additional 200 shares during the last quarter. Skylands Capital LLC raised its position in shares of Scotts Miracle-Gro Company (The) by 7.9% in the 2nd quarter. Skylands Capital LLC now owns 52,075 shares of the basic materials company’s stock worth $4,659,000 after purchasing an additional 3,825 shares during the last quarter. Finally, Neuberger Berman Group LLC raised its position in shares of Scotts Miracle-Gro Company (The) by 3.2% in the 2nd quarter. Neuberger Berman Group LLC now owns 701,177 shares of the basic materials company’s stock worth $62,727,000 after purchasing an additional 21,497 shares during the last quarter. 69.07% of the stock is currently owned by hedge funds and other institutional investors.

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Scotts Miracle-Gro Company (NYSE SMG) opened at 99.41 on Wednesday. The stock has a 50 day moving average price of $95.57 and a 200-day moving average price of $92.56. The company has a market cap of $5.81 billion, a price-to-earnings ratio of 26.82 and a beta of 0.39. Scotts Miracle-Gro Company has a 12-month low of $81.48 and a 12-month high of $99.91.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 8th. Stockholders of record on Friday, August 25th were issued a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a dividend yield of 2.13%. This is a positive change from Scotts Miracle-Gro Company (The)’s previous quarterly dividend of $0.50. The ex-dividend date was Wednesday, August 23rd. Scotts Miracle-Gro Company (The)’s dividend payout ratio (DPR) is presently 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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