Scotts Miracle-Gro (NYSE:SMG) Issues FY20 Earnings Guidance

Scotts Miracle-Gro (NYSE:SMG) updated its FY20 earnings guidance on Monday. The company provided EPS guidance of approx $7.25 for the period, compared to the Thomson Reuters consensus EPS estimate of $6.78. The company issued revenue guidance of at least $4.10 billion, compared to the consensus revenue estimate of $4.03 billion.Scotts Miracle-Gro also updated its FY 2020
After-Hours guidance to 7.25-7.25 EPS.

A number of research firms have weighed in on SMG. Raymond James reaffirmed a hold rating on shares of Scotts Miracle-Gro in a research report on Thursday, August 6th. William Blair reiterated a buy rating on shares of Scotts Miracle-Gro in a research note on Tuesday, June 9th. Finally, SunTrust Banks increased their price objective on shares of Scotts Miracle-Gro from $155.00 to $180.00 and gave the stock a buy rating in a research note on Thursday, July 30th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Scotts Miracle-Gro presently has a consensus rating of Hold and a consensus price target of $128.50.

Shares of Scotts Miracle-Gro stock traded down $0.17 during trading on Monday, hitting $159.82. 304,833 shares of the stock were exchanged, compared to its average volume of 452,022. The company has a current ratio of 1.61, a quick ratio of 1.16 and a debt-to-equity ratio of 1.51. The company has a fifty day moving average price of $161.03 and a 200-day moving average price of $133.58. The stock has a market capitalization of $8.91 billion, a price-to-earnings ratio of 28.07 and a beta of 1.05. Scotts Miracle-Gro has a 1-year low of $76.50 and a 1-year high of $176.08.

Scotts Miracle-Gro (NYSE:SMG) last posted its quarterly earnings results on Wednesday, July 29th. The basic materials company reported $3.80 EPS for the quarter, topping analysts’ consensus estimates of $3.37 by $0.43. The business had revenue of $1.49 billion during the quarter, compared to analysts’ expectations of $1.33 billion. Scotts Miracle-Gro had a return on equity of 45.36% and a net margin of 8.71%. Scotts Miracle-Gro’s quarterly revenue was up 27.5% on a year-over-year basis. During the same quarter last year, the company posted $3.11 earnings per share. Equities research analysts forecast that Scotts Miracle-Gro will post 6.82 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 10th. Investors of record on Thursday, August 27th were issued a dividend of $0.62 per share. The ex-dividend date of this dividend was Wednesday, August 26th. This is a positive change from Scotts Miracle-Gro’s previous quarterly dividend of $0.58. This represents a $2.48 dividend on an annualized basis and a dividend yield of 1.55%. Scotts Miracle-Gro’s payout ratio is presently 55.48%.

In related news, Director Adam Hanft sold 3,000 shares of the company’s stock in a transaction dated Tuesday, July 7th. The shares were sold at an average price of $138.00, for a total value of $414,000.00. Following the transaction, the director now owns 30,445 shares in the company, valued at approximately $4,201,410. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Katherine Littlefield Hagedorn sold 2,506 shares of the company’s stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $132.68, for a total transaction of $332,496.08. Following the completion of the transaction, the director now owns 5,980 shares in the company, valued at approximately $793,426.40. The disclosure for this sale can be found here. Insiders have sold a total of 147,685 shares of company stock valued at $19,761,267 in the last ninety days. Insiders own 28.20% of the company’s stock.

About Scotts Miracle-Gro

The Scotts Miracle-Gro Company manufactures, markets, and sells consumer lawn and garden products in the United States and internationally. The company operates through three segments: U.S. Consumer, Hawthorne, and Other. It offers lawn care products, such as lawn fertilizers, grass seed products, spreaders, other durable products, and outdoor cleaners, as well as lawn-related weed, pest, and disease control products.

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

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