Brokerages expect Scotts Miracle-Gro Co (NYSE:SMG) to report sales of $1.12 billion for the current quarter, according to Zacks Investment Research. Five analysts have provided estimates for Scotts Miracle-Gro’s earnings. The highest sales estimate is $1.13 billion and the lowest is $1.10 billion. Scotts Miracle-Gro posted sales of $1.20 billion during the same quarter last year, which suggests a negative year over year growth rate of 6.7%. The company is scheduled to report its next quarterly earnings results on Tuesday, May 1st.
On average, analysts expect that Scotts Miracle-Gro will report full-year sales of $1.12 billion for the current fiscal year, with estimates ranging from $2.69 billion to $2.76 billion. For the next fiscal year, analysts anticipate that the firm will post sales of $2.81 billion per share, with estimates ranging from $2.77 billion to $2.84 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that follow Scotts Miracle-Gro.
Scotts Miracle-Gro (NYSE:SMG) last released its quarterly earnings data on Tuesday, January 30th. The basic materials company reported ($1.08) EPS for the quarter, missing analysts’ consensus estimates of ($0.92) by ($0.16). The firm had revenue of $221.50 million during the quarter, compared to analysts’ expectations of $237.21 million. Scotts Miracle-Gro had a return on equity of 38.33% and a net margin of 9.11%. The business’s revenue for the quarter was down 10.3% compared to the same quarter last year. During the same quarter last year, the business earned ($0.96) earnings per share.
In related news, Director Katherine Littlefield Hagedorn sold 2,892 shares of the firm’s stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $89.50, for a total transaction of $258,834.00. Following the sale, the director now directly owns 9,043 shares in the company, valued at approximately $809,348.50. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 29.14% of the company’s stock.
Several large investors have recently made changes to their positions in SMG. TimesSquare Capital Management LLC raised its holdings in shares of Scotts Miracle-Gro by 42.5% during the 3rd quarter. TimesSquare Capital Management LLC now owns 980,450 shares of the basic materials company’s stock valued at $95,437,000 after buying an additional 292,250 shares during the period. Carillon Tower Advisers Inc. purchased a new stake in shares of Scotts Miracle-Gro during the 4th quarter valued at about $27,573,000. Kayne Anderson Rudnick Investment Management LLC raised its holdings in shares of Scotts Miracle-Gro by 17.7% during the 3rd 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 buying an additional 157,174 shares during the period. Landscape Capital Management L.L.C. purchased a new stake in shares of Scotts Miracle-Gro during the 4th quarter valued at about $13,259,000. Finally, Public Employees Retirement Association of Colorado increased its holdings in Scotts Miracle-Gro by 1,207.1% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 119,380 shares of the basic materials company’s stock worth $12,772,000 after purchasing an additional 110,247 shares during the last quarter. Institutional investors and hedge funds own 66.66% of the company’s stock.
Scotts Miracle-Gro (NYSE SMG) opened at $92.17 on Tuesday. The company has a market capitalization of $5,250.00, a PE ratio of 23.16, a PEG ratio of 1.77 and a beta of 0.21. The company has a quick ratio of 0.61, a current ratio of 2.09 and a debt-to-equity ratio of 3.34. Scotts Miracle-Gro has a twelve month low of $81.48 and a twelve month high of $110.12.
The business also recently announced a quarterly dividend, which was paid on Friday, March 9th. Investors of record on Friday, February 23rd were issued a dividend of $0.53 per share. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $2.12 annualized dividend and a dividend yield of 2.30%. Scotts Miracle-Gro’s payout ratio is currently 53.27%.
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Scotts Miracle-Gro 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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