Scotts Miracle-Gro Co (NYSE:SMG) Forecasted to Post Q1 2020 Earnings of ($1.29) Per Share

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Scotts Miracle-Gro Co (NYSE:SMG) – Equities research analysts at William Blair issued their Q1 2020 EPS estimates for Scotts Miracle-Gro in a research note issued to investors on Wednesday, November 6th. William Blair analyst J. Andersen forecasts that the basic materials company will post earnings of ($1.29) per share for the quarter. William Blair also issued estimates for Scotts Miracle-Gro’s Q2 2020 earnings at $3.75 EPS, Q3 2020 earnings at $3.22 EPS and Q4 2020 earnings at ($0.73) EPS.

Other equities analysts have also issued reports about the stock. Bank of America upgraded shares of Scotts Miracle-Gro from a “neutral” rating to a “buy” rating and set a $108.00 price target on the stock in a research report on Friday, October 25th. ValuEngine upgraded shares of Scotts Miracle-Gro from a “sell” rating to a “hold” rating in a research report on Friday, November 8th. SunTrust Banks boosted their price target on shares of Scotts Miracle-Gro to $120.00 and gave the stock a “positive” rating in a research report on Thursday, August 1st. Finally, Zacks Investment Research lowered shares of Scotts Miracle-Gro from a “buy” rating to a “hold” rating and set a $117.00 price target on the stock. in a research report on Tuesday, October 1st. Four analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $98.42.

SMG traded up $0.43 on Monday, reaching $106.61. 374,833 shares of the company’s stock were exchanged, compared to its average volume of 480,166. The stock has a market cap of $5.89 billion, a PE ratio of 23.85, a P/E/G ratio of 2.13 and a beta of 0.79. Scotts Miracle-Gro has a twelve month low of $57.96 and a twelve month high of $114.63. The stock’s fifty day moving average price is $101.38 and its 200-day moving average price is $99.70. The company has a debt-to-equity ratio of 2.11, a current ratio of 1.68 and a quick ratio of 0.81.

Scotts Miracle-Gro (NYSE:SMG) last posted its quarterly earnings results on Wednesday, November 6th. The basic materials company reported ($0.91) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.87) by ($0.04). The business had revenue of $497.70 million for the quarter, compared to analyst estimates of $451.49 million. Scotts Miracle-Gro had a return on equity of 41.87% and a net margin of 14.59%. The business’s revenue was up 14.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.75) earnings per share.

A number of large investors have recently bought and sold shares of SMG. Park National Corp OH acquired a new position in Scotts Miracle-Gro in the 2nd quarter valued at about $236,000. WINTON GROUP Ltd boosted its holdings in Scotts Miracle-Gro by 52.1% in the 2nd quarter. WINTON GROUP Ltd now owns 276,520 shares of the basic materials company’s stock valued at $27,237,000 after purchasing an additional 94,772 shares during the last quarter. Curbstone Financial Management Corp boosted its holdings in Scotts Miracle-Gro by 1.7% in the 2nd quarter. Curbstone Financial Management Corp now owns 7,630 shares of the basic materials company’s stock valued at $752,000 after purchasing an additional 130 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its holdings in Scotts Miracle-Gro by 1.4% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 15,786 shares of the basic materials company’s stock valued at $1,555,000 after purchasing an additional 225 shares during the last quarter. Finally, NEXT Financial Group Inc boosted its holdings in Scotts Miracle-Gro by 806.7% in the 2nd quarter. NEXT Financial Group Inc now owns 272 shares of the basic materials company’s stock valued at $27,000 after purchasing an additional 242 shares during the last quarter. Institutional investors own 66.93% of the company’s stock.

In other Scotts Miracle-Gro news, Director Nancy G. Mistretta sold 2,500 shares of the business’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $107.98, for a total value of $269,950.00. Following the transaction, the director now directly owns 18,454 shares in the company, valued at approximately $1,992,662.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 30.37% of the company’s stock.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Tuesday, November 26th will be given a dividend of $0.58 per share. The ex-dividend date of this dividend is Monday, November 25th. This represents a $2.32 dividend on an annualized basis and a yield of 2.18%. Scotts Miracle-Gro’s payout ratio is presently 51.90%.

Scotts Miracle-Gro Company Profile

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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