Scotts Miracle-Gro Co (NYSE:SMG) – Research analysts at SunTrust Banks upped their FY2018 earnings per share (EPS) estimates for shares of Scotts Miracle-Gro in a report released on Monday. SunTrust Banks analyst W. Chappell now expects that the basic materials company will post earnings of $5.04 per share for the year, up from their previous estimate of $4.21. SunTrust Banks has a “Hold” rating and a $95.00 price objective on the stock.

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

Several other analysts also recently issued reports on SMG. Zacks Investment Research downgraded Scotts Miracle-Gro from a “hold” rating to a “sell” rating in a report on Wednesday, October 4th. KeyCorp reiterated a “hold” rating on shares of Scotts Miracle-Gro in a report on Monday, October 16th. JPMorgan Chase & Co. downgraded Scotts Miracle-Gro from an “overweight” rating to a “neutral” rating and set a $99.00 price target for the company. in a report on Wednesday, November 8th. Finally, Bank of America increased their price target on Scotts Miracle-Gro from $107.00 to $110.00 and gave the company a “buy” rating in a report on Wednesday, November 8th. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $101.33.

Shares of Scotts Miracle-Gro (NYSE SMG) traded down $0.86 during midday trading on Wednesday, reaching $108.25. The company had a trading volume of 456,200 shares, compared to its average volume of 715,850. Scotts Miracle-Gro has a 52-week low of $81.48 and a 52-week high of $109.77. The firm has a market cap of $6,150.00, a P/E ratio of 33.31, a P/E/G ratio of 2.55 and a beta of 0.36. The company has a current ratio of 1.62, a quick ratio of 0.87 and a debt-to-equity ratio of 1.90.

Several institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of Scotts Miracle-Gro by 1.0% during the second quarter. Vanguard Group Inc. now owns 3,882,566 shares of the basic materials company’s stock valued at $347,335,000 after acquiring an additional 39,851 shares in the last quarter. First Eagle Investment Management LLC grew its stake in shares of Scotts Miracle-Gro by 1.6% during the third quarter. First Eagle Investment Management LLC now owns 3,201,071 shares of the basic materials company’s stock valued at $311,592,000 after acquiring an additional 50,860 shares in the last quarter. Earnest Partners LLC grew its stake in shares of Scotts Miracle-Gro by 0.8% during the third quarter. Earnest Partners LLC now owns 1,316,284 shares of the basic materials company’s stock valued at $128,127,000 after acquiring an additional 10,341 shares in the last quarter. State Street Corp grew its stake in shares of Scotts Miracle-Gro by 1.4% during the second quarter. State Street Corp now owns 1,182,128 shares of the basic materials company’s stock valued at $105,756,000 after acquiring an additional 16,056 shares in the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC grew its stake in shares of Scotts Miracle-Gro by 17.7% during the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,046,557 shares of the basic materials company’s stock valued at $101,873,000 after acquiring an additional 157,174 shares in the last quarter. Institutional investors own 69.18% of the company’s stock.

In other news, EVP Ivan C. Smith sold 6,587 shares of the firm’s stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $97.74, for a total transaction of $643,813.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Nancy G. Mistretta sold 5,000 shares of the firm’s stock in a transaction dated Friday, October 13th. The shares were sold at an average price of $100.11, for a total value of $500,550.00. The disclosure for this sale can be found here. 29.14% of the stock is currently owned by corporate insiders.

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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.

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

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