Scotts Miracle-Gro Company (The) (SMG) Earning Somewhat Positive News Coverage, Study Shows

Media stories about Scotts Miracle-Gro Company (The) (NYSE:SMG) have been trending somewhat positive on Wednesday, Accern reports. The research firm ranks the sentiment of media coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Scotts Miracle-Gro Company (The) earned a media sentiment score of 0.12 on Accern’s scale. Accern also gave news coverage about the basic materials company an impact score of 47.5706949389237 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

Here are some of the news articles that may have impacted Accern Sentiment’s analysis:

Shares of Scotts Miracle-Gro Company (SMG) opened at $98.15 on Wednesday. The firm has a market capitalization of $5,788.56, a P/E ratio of 23.65, a PEG ratio of 2.34 and a beta of 0.37. Scotts Miracle-Gro Company has a 1 year low of $81.48 and a 1 year high of $102.50. The company has a debt-to-equity ratio of 1.90, a current ratio of 1.62 and a quick ratio of 0.87.

Scotts Miracle-Gro Company (The) (NYSE:SMG) last issued its quarterly earnings data on Tuesday, November 7th. The basic materials company reported ($0.26) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.30) by $0.04. The firm had revenue of $376.70 million for the quarter, compared to analyst estimates of $368.50 million. Scotts Miracle-Gro Company (The) had a return on equity of 37.81% and a net margin of 7.51%. The business’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same period last year, the company earned ($0.30) EPS. equities research analysts anticipate that Scotts Miracle-Gro Company will post 4.3 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Friday, November 24th will be given a $0.53 dividend. The ex-dividend date is Wednesday, November 22nd. This represents a $2.12 dividend on an annualized basis and a dividend yield of 2.16%. Scotts Miracle-Gro Company (The)’s dividend payout ratio is currently 58.89%.

SMG has been the topic of several recent research reports. BidaskClub lowered Scotts Miracle-Gro Company (The) from a “hold” rating to a “sell” rating in a research report on Tuesday, July 25th. Zacks Investment Research lowered Scotts Miracle-Gro Company (The) from a “hold” rating to a “sell” rating in a research report on Wednesday, October 4th. KeyCorp restated a “hold” rating on shares of Scotts Miracle-Gro Company (The) in a research report on Monday, August 28th. J P Morgan Chase & Co lowered Scotts Miracle-Gro Company (The) from an “overweight” rating to a “neutral” rating and set a $99.00 price target on the stock. in a research report on Wednesday, November 8th. Finally, SunTrust Banks, Inc. restated a “hold” rating and set a $95.00 price target on shares of Scotts Miracle-Gro Company (The) in a research report on Friday, November 10th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $101.33.

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In other news, CFO Thomas Randal Coleman sold 1,226 shares of Scotts Miracle-Gro Company (The) stock in a transaction that occurred on Thursday, October 5th. The stock was sold at an average price of $99.67, for a total value of $122,195.42. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, major shareholder Hagedorn Partnership, L.P. sold 32,000 shares of Scotts Miracle-Gro Company (The) stock in a transaction that occurred on Monday, August 28th. The stock was sold at an average price of $94.37, for a total value of $3,019,840.00. Following the completion of the sale, the insider now owns 15,759,274 shares in the company, valued at $1,487,202,687.38. The disclosure for this sale can be found here. Over the last quarter, insiders sold 70,226 shares of company stock worth $6,661,305. Corporate insiders own 28.16% of the company’s stock.

About Scotts Miracle-Gro Company (The)

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.

Insider Buying and Selling by Quarter for Scotts Miracle-Gro Company (The) (NYSE:SMG)

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