Scotts Miracle-Gro (NYSE:SMG) issued an update on its FY 2020
After-Hours earnings guidance on Monday morning. The company provided EPS guidance of 7.25-7.25 for the period, compared to the Thomson Reuters consensus EPS estimate of $6.75. The company issued revenue guidance of $4.103 billion, compared to the consensus revenue estimate of $4.03 billion.
Shares of Scotts Miracle-Gro stock traded down $0.17 during midday trading on Monday, hitting $159.82. 306,529 shares of the company traded hands, compared to its average volume of 452,022. The firm’s fifty day moving average price is $161.03 and its 200-day moving average price is $133.58. The stock has a market cap of $8.91 billion, a price-to-earnings ratio of 28.07 and a beta of 1.05. Scotts Miracle-Gro has a 12 month low of $76.50 and a 12 month high of $176.08. The company has a debt-to-equity ratio of 1.51, a quick ratio of 1.16 and a current ratio of 1.61.
Scotts Miracle-Gro (NYSE:SMG) last issued its quarterly earnings data on Wednesday, July 29th. The basic materials company reported $3.80 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $3.37 by $0.43. The business had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.33 billion. Scotts Miracle-Gro had a net margin of 8.71% and a return on equity of 45.36%. The firm’s revenue was up 27.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.11 EPS. Equities research analysts forecast that Scotts Miracle-Gro will post 6.82 earnings per share for the current year.
The company also recently disclosed 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. This is an increase from Scotts Miracle-Gro’s previous quarterly dividend of $0.58. The ex-dividend date of this dividend was Wednesday, August 26th. This represents a $2.48 annualized dividend and a dividend yield of 1.55%. Scotts Miracle-Gro’s dividend payout ratio (DPR) is 55.48%.
A number of equities analysts have issued reports on the company. Raymond James reaffirmed a hold rating on shares of Scotts Miracle-Gro in a report on Thursday, August 6th. William Blair reaffirmed a buy rating on shares of Scotts Miracle-Gro in a research note on Tuesday, June 9th. Finally, SunTrust Banks lifted their target price on shares of Scotts Miracle-Gro from $155.00 to $180.00 and gave the stock a buy rating in a research report on Thursday, July 30th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company has an average rating of Hold and a consensus target price of $128.50.
In other Scotts Miracle-Gro news, Director Katherine Littlefield Hagedorn sold 289 shares of the business’s stock in a transaction on Monday, June 29th. The stock was sold at an average price of $130.24, for a total value of $37,639.36. Following the transaction, the director now owns 5,980 shares of the company’s stock, valued at $778,835.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Hagedorn Partnership, L.P. sold 82,379 shares of the business’s stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $132.68, for a total transaction of $10,930,045.72. Following the completion of the transaction, the insider now directly owns 14,874,809 shares in the company, valued at $1,973,589,658.12. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 147,685 shares of company stock valued at $19,761,267. 28.20% of the stock is currently owned by corporate insiders.
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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