Scotts Miracle-Gro Company (The) (NYSE:SMG) – Analysts at William Blair cut their FY2017 earnings per share estimates for Scotts Miracle-Gro Company (The) in a research note issued on Thursday. William Blair analyst J. Andersen now forecasts that the basic materials company will post earnings of $3.90 per share for the year, down from their prior estimate of $4.05. William Blair also issued estimates for Scotts Miracle-Gro Company (The)’s Q4 2017 earnings at ($0.30) EPS.

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

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Shares of Scotts Miracle-Gro Company (SMG) opened at 98.70 on Monday. The firm has a 50-day moving average price of $96.97 and a 200 day moving average price of $93.13. Scotts Miracle-Gro Company has a 52-week low of $81.48 and a 52-week high of $101.00. The stock has a market cap of $5.77 billion, a price-to-earnings ratio of 26.63 and a beta of 0.39.

Scotts Miracle-Gro Company (The) (NYSE:SMG) last released its quarterly earnings data on Tuesday, August 1st. The basic materials company reported $2.63 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 for the quarter, compared to analyst estimates of $1.06 billion. During the same quarter in the prior year, the firm posted $2.16 EPS. The business’s quarterly revenue was up 8.5% compared to the same quarter last year.

Institutional investors have recently bought and sold shares of the stock. Almanack Investment Partners LLC. purchased a new stake in shares of Scotts Miracle-Gro Company (The) in the second quarter valued at approximately $132,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of 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 buying an additional 116 shares in the last quarter. Delta Asset Management LLC TN boosted its stake in shares of 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 buying an additional 75 shares in the last quarter. Creative Planning boosted its stake in shares of Scotts Miracle-Gro Company (The) by 44.5% in 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 in the last quarter. Finally, Maple Capital Management Inc. purchased a new stake in shares of Scotts Miracle-Gro Company (The) in the second quarter valued at approximately $207,000. Hedge funds and other institutional investors own 69.07% of the company’s stock.

In related news, CFO Thomas Randal Coleman sold 13,973 shares of Scotts Miracle-Gro Company (The) stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $96.14, for a total value of $1,343,364.22. Following the sale, the chief financial officer now directly owns 19,959 shares in the company, valued at $1,918,858.26. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Chairman James Hagedorn sold 92,357 shares of Scotts Miracle-Gro Company (The) stock in a transaction that occurred 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 completion of the sale, the chairman now owns 115,867 shares in the company, valued at $11,170,737.47. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 238,470 shares of company stock worth $22,837,882. Company insiders own 28.16% 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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