Scotts Miracle-Gro Company (The) (NYSE:SMG) – Equities research analysts at William Blair lowered their FY2018 earnings estimates for shares of Scotts Miracle-Gro Company (The) in a research report issued to clients and investors on Thursday. William Blair analyst J. Andersen now anticipates that the basic materials company will post earnings of $4.30 per share for the year, down from their prior forecast of $4.35.

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

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Several other research analysts have also recently issued reports on SMG. BidaskClub raised shares of Scotts Miracle-Gro Company (The) from a “sell” rating to a “hold” rating in a report on Thursday, July 13th. Zacks Investment Research raised shares of Scotts Miracle-Gro Company (The) from a “sell” rating to a “hold” rating in a report on Saturday, August 5th. Finally, KeyCorp reissued a “hold” rating on shares of Scotts Miracle-Gro Company (The) in a report on Monday, August 28th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. Scotts Miracle-Gro Company (The) has a consensus rating of “Hold” and a consensus price target of $100.00.

Shares of Scotts Miracle-Gro Company (NYSE:SMG) traded up 0.38% during midday trading on Friday, hitting $98.70. 226,447 shares of the stock were exchanged. Scotts Miracle-Gro Company has a 12 month low of $81.48 and a 12 month high of $101.00. The firm’s 50-day moving average is $96.88 and its 200-day moving average is $93.09. The stock has a market cap of $5.77 billion, a price-to-earnings ratio of 26.63 and a beta of 0.39.

In related news, major shareholder Paul Hagedorn sold 16,000 shares of the firm’s stock in a transaction on Friday, September 8th. The shares were sold at an average price of $94.30, for a total transaction of $1,508,800.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Denise Stump sold 22,615 shares of the firm’s stock in a transaction on Monday, July 24th. The shares were sold at an average price of $95.05, for a total transaction of $2,149,555.75. Following the sale, the executive vice president now owns 19,444 shares in the company, valued at approximately $1,848,152.20. The disclosure for this sale can be found here. In the last three months, insiders have sold 261,085 shares of company stock valued at $24,987,438. 28.16% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently added to or reduced their stakes in SMG. FNY Managed Accounts LLC acquired a new stake in Scotts Miracle-Gro Company (The) during the first quarter valued at $103,000. Almanack Investment Partners LLC. acquired a new stake in Scotts Miracle-Gro Company (The) during the second quarter valued at $132,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Scotts Miracle-Gro Company (The) by 7.5% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,664 shares of the basic materials company’s stock valued at $149,000 after buying an additional 116 shares during the period. Delta Asset Management LLC TN grew its position in Scotts Miracle-Gro Company (The) by 3.8% during 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 buying an additional 75 shares during the period. Finally, Creative Planning grew its position in Scotts Miracle-Gro Company (The) by 44.5% during the second quarter. Creative Planning now owns 2,097 shares of the basic materials company’s stock valued at $188,000 after buying an additional 646 shares during the period. Institutional investors own 69.07% of the company’s stock.

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.

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

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