Scotts Miracle-Gro Company (The) (SMG) Scheduled to Post Earnings on Wednesday
Scotts Miracle-Gro Company (The) (NYSE:SMG) will release its earnings data before the market opens on Wednesday, November 1st. Analysts expect Scotts Miracle-Gro Company (The) to post earnings of ($0.32) per share for the quarter. Scotts Miracle-Gro Company (The) has set its FY17 guidance at $4.00-4.20 EPS.
Scotts Miracle-Gro Company (The) (NYSE:SMG) last announced its earnings results on Tuesday, August 1st. The basic materials company reported $2.63 EPS for the quarter, beating the 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 prior year, the business posted $2.16 earnings per share. Scotts Miracle-Gro Company (The)’s revenue was up 8.5% compared to the same quarter last year. On average, analysts expect Scotts Miracle-Gro Company (The) to post $3.88 EPS for the current fiscal year and $4.42 EPS for the next fiscal year.
Shares of Scotts Miracle-Gro Company (NYSE SMG) opened at 99.38 on Wednesday. Scotts Miracle-Gro Company has a one year low of $81.48 and a one year high of $101.00. The stock has a market capitalization of $5.80 billion, a P/E ratio of 26.82 and a beta of 0.39. The stock’s 50 day moving average price is $97.13 and its 200 day moving average price is $93.22.
In other Scotts Miracle-Gro Company (The) news, Director Nancy G. Mistretta sold 5,000 shares of Scotts Miracle-Gro Company (The) stock in a transaction dated Friday, October 13th. The stock was sold at an average price of $100.11, for a total transaction of $500,550.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Michelle A. Johnson sold 470 shares of Scotts Miracle-Gro Company (The) stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $96.40, for a total value of $45,308.00. Following the transaction, the director now owns 8,074 shares in the company, valued at $778,333.60. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 238,470 shares of company stock valued at $22,837,882. 28.16% of the stock is owned by insiders.
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A number of brokerages recently commented on SMG. KeyCorp reaffirmed a “hold” rating on shares of Scotts Miracle-Gro Company (The) in a research note on Monday, October 16th. Zacks Investment Research cut Scotts Miracle-Gro Company (The) from a “hold” rating to a “sell” rating in a research note on Wednesday, October 4th. Finally, BidaskClub raised Scotts Miracle-Gro Company (The) from a “sell” rating to a “hold” rating in a research note on Wednesday, August 2nd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $100.00.
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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