Equities analysts expect that Scotts Miracle-Gro Co (NYSE:SMG) will report ($0.94) earnings per share for the current quarter, Zacks reports. Five analysts have made estimates for Scotts Miracle-Gro’s earnings. The highest EPS estimate is ($0.83) and the lowest is ($1.02). Scotts Miracle-Gro posted earnings per share of ($0.96) during the same quarter last year, which would suggest a positive year over year growth rate of 2.1%. The business is scheduled to report its next earnings results on Tuesday, January 30th.

On average, analysts expect that Scotts Miracle-Gro will report full year earnings of $4.30 per share for the current fiscal year, with EPS estimates ranging from $4.21 to $4.40. For the next year, analysts anticipate that the company will report earnings of $4.70 per share, with EPS estimates ranging from $4.63 to $4.90. Zacks’ earnings per share calculations are an average based on a survey of sell-side research firms that cover Scotts Miracle-Gro.

Scotts Miracle-Gro (NYSE:SMG) last announced its quarterly earnings data on Tuesday, November 7th. The basic materials company reported ($0.26) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.30) by $0.04. Scotts Miracle-Gro had a net margin of 7.51% and a return on equity of 37.81%. The business had revenue of $376.70 million during the quarter, compared to the consensus estimate of $368.50 million. During the same quarter last year, the firm earned ($0.30) earnings per share. The firm’s quarterly revenue was up 8.0% compared to the same quarter last year.

Several research firms have recently weighed in on SMG. J P Morgan Chase & Co downgraded shares of Scotts Miracle-Gro from an “overweight” rating to a “neutral” rating and set a $99.00 price target for the company. in a research note on Wednesday, November 8th. KeyCorp reaffirmed a “hold” rating on shares of Scotts Miracle-Gro in a research note on Saturday, November 25th. Bank of America lifted their price target on shares of Scotts Miracle-Gro from $107.00 to $110.00 and gave the company a “buy” rating in a research note on Wednesday, November 8th. SunTrust Banks reaffirmed a “hold” rating and set a $95.00 price target on shares of Scotts Miracle-Gro in a research note on Friday, November 10th. Finally, Zacks Investment Research downgraded shares of Scotts Miracle-Gro from a “hold” rating to a “sell” rating in a research note on Wednesday, October 4th. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $101.33.

In other Scotts Miracle-Gro news, CFO Thomas Randal Coleman sold 1,226 shares of Scotts Miracle-Gro stock in a transaction on Thursday, October 5th. The shares were sold at an average price of $99.67, for a total value of $122,195.42. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Nancy G. Mistretta sold 5,000 shares of Scotts Miracle-Gro stock in a transaction on Friday, October 13th. The stock was 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. Over the last three months, insiders have sold 12,813 shares of company stock worth $1,266,559. 28.16% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Almanack Investment Partners LLC. purchased a new position in Scotts Miracle-Gro in the second quarter worth $132,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Scotts Miracle-Gro by 7.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,664 shares of the basic materials company’s stock worth $149,000 after purchasing an additional 116 shares during the last quarter. First Allied Advisory Services Inc. purchased a new position in Scotts Miracle-Gro in the third quarter worth $226,000. Private Advisor Group LLC grew its holdings in Scotts Miracle-Gro by 9.0% in the second quarter. Private Advisor Group LLC now owns 2,620 shares of the basic materials company’s stock worth $239,000 after purchasing an additional 216 shares during the last quarter. Finally, Cetera Investment Advisers purchased a new position in Scotts Miracle-Gro in the second quarter worth $247,000. 69.11% of the stock is currently owned by institutional investors and hedge funds.

Scotts Miracle-Gro (NYSE:SMG) traded up $0.51 during trading on Friday, hitting $102.58. 630,422 shares of the stock traded hands, compared to its average volume of 333,796. The company has a quick ratio of 0.87, a current ratio of 1.62 and a debt-to-equity ratio of 1.90. Scotts Miracle-Gro has a 1 year low of $81.48 and a 1 year high of $103.36. The company has a market capitalization of $5,901.43, a P/E ratio of 24.48, a PEG ratio of 2.43 and a beta of 0.36.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 8th. Investors of record on Friday, November 24th were issued a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a yield of 2.07%. The ex-dividend date of this dividend was Wednesday, November 22nd. Scotts Miracle-Gro’s payout ratio is 58.89%.

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About Scotts Miracle-Gro

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 (NYSE:SMG)

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