Scotts Miracle-Gro Company (The) (NYSE:SMG) – Equities research analysts at KeyCorp reduced their FY2018 earnings per share estimates for shares of Scotts Miracle-Gro Company (The) in a research report issued on Thursday. KeyCorp analyst J. Gere now anticipates that the basic materials company will earn $4.30 per share for the year, down from their previous estimate of $4.44. KeyCorp currently has a “Hold” rating on the stock.

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, topping the Thomson Reuters’ consensus estimate 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 during the quarter, compared to the consensus estimate of $1.06 billion. During the same period in the previous year, the firm posted $2.16 earnings per share. The business’s revenue was up 8.5% on a year-over-year basis.

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Several other research firms have also weighed in on SMG. BidaskClub upgraded shares of Scotts Miracle-Gro Company (The) from a “sell” rating to a “hold” rating in a report on Wednesday, August 2nd. 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. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $100.00.

Shares of Scotts Miracle-Gro Company (NYSE SMG) opened at 98.70 on Monday. The company’s 50-day moving average price is $96.97 and its 200 day moving average price is $93.13. The company has a market cap of $5.77 billion, a PE ratio of 26.63 and a beta of 0.39. Scotts Miracle-Gro Company has a one year low of $81.48 and a one year high of $101.00.

Several hedge funds have recently made changes to their positions in SMG. BlackRock Inc. boosted its holdings in shares of Scotts Miracle-Gro Company (The) by 4,283.1% during the 1st quarter. BlackRock Inc. now owns 3,698,839 shares of the basic materials company’s stock worth $345,434,000 after buying an additional 3,614,451 shares during the period. TimesSquare Capital Management LLC acquired a new stake in Scotts Miracle-Gro Company (The) in the 2nd quarter worth about $61,566,000. FIL Ltd raised its stake in Scotts Miracle-Gro Company (The) by 39.2% in the 2nd quarter. FIL Ltd now owns 664,781 shares of the basic materials company’s stock worth $59,472,000 after purchasing an additional 187,264 shares in the last quarter. Renaissance Technologies LLC raised its stake in Scotts Miracle-Gro Company (The) by 240.4% in the 1st quarter. Renaissance Technologies LLC now owns 257,800 shares of the basic materials company’s stock worth $24,076,000 after purchasing an additional 182,063 shares in the last quarter. Finally, Vanguard Group Inc. raised its stake in Scotts Miracle-Gro Company (The) by 4.3% in the 1st quarter. Vanguard Group Inc. now owns 3,842,715 shares of the basic materials company’s stock worth $358,871,000 after purchasing an additional 159,996 shares in the last quarter. 69.07% of the stock is owned by institutional investors and hedge funds.

In other news, CFO Thomas Randal Coleman sold 13,973 shares of Scotts Miracle-Gro Company (The) stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $96.14, for a total value of $1,343,364.22. Following the completion of the transaction, the chief financial officer now owns 19,959 shares of the company’s stock, valued at approximately $1,918,858.26. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Nancy G. Mistretta sold 5,000 shares of Scotts Miracle-Gro Company (The) stock in a transaction dated Friday, October 13th. The shares were sold at an average price of $100.11, for a total transaction of $500,550.00. The disclosure for this sale can be found here. In the last three months, insiders sold 238,470 shares of company stock valued at $22,837,882. Insiders own 28.16% of the company’s stock.

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.

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

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