Equities research analysts predict that Scotts Miracle-Gro Co (NYSE:SMG) will report earnings of $2.93 per share for the current fiscal quarter, Zacks Investment Research reports. Five analysts have issued estimates for Scotts Miracle-Gro’s earnings. The lowest EPS estimate is $2.59 and the highest is $3.02. Scotts Miracle-Gro reported earnings of $3.00 per share in the same quarter last year, which would indicate a negative year over year growth rate of 2.3%. The firm is expected to issue its next quarterly earnings results before the market opens on Tuesday, May 2nd.

On average, analysts expect that Scotts Miracle-Gro will report full-year earnings of $4.30 per share for the current year, with EPS estimates ranging from $4.25 to $4.40. For the next year, analysts anticipate that the business will post earnings of $4.80 per share, with EPS estimates ranging from $4.70 to $4.90. Zacks’ earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Scotts Miracle-Gro.

Scotts Miracle-Gro (NYSE:SMG) last posted its earnings results on Tuesday, January 31st. The basic materials company reported ($0.96) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($1.25) by $0.29. Scotts Miracle-Gro had a net margin of 11.64% and a return on equity of 34.31%. The company had revenue of $246.80 million for the quarter, compared to analyst estimates of $232.93 million. During the same quarter in the prior year, the business posted ($1.14) EPS. The firm’s revenue was up 26.9% compared to the same quarter last year.

A number of equities analysts have issued reports on SMG shares. Zacks Investment Research upgraded shares of Scotts Miracle-Gro from a “hold” rating to a “buy” rating and set a $104.00 price objective on the stock in a research report on Tuesday, February 14th. SunTrust Banks, Inc. cut shares of Scotts Miracle-Gro from a “buy” rating to a “hold” rating and set a $95.00 price objective on the stock. in a research report on Wednesday, January 11th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $97.00.

Scotts Miracle-Gro (NYSE:SMG) traded up 0.76% during midday trading on Thursday, hitting $95.33. 246,963 shares of the company were exchanged. Scotts Miracle-Gro has a 1-year low of $65.80 and a 1-year high of $98.82. The stock has a 50 day moving average of $92.30 and a 200 day moving average of $91.30. The firm has a market capitalization of $5.70 billion, a PE ratio of 17.76 and a beta of 0.64.

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Institutional investors have recently added to or reduced their stakes in the stock. FMR LLC boosted its position in Scotts Miracle-Gro by 218.0% in the fourth quarter. FMR LLC now owns 5,611,889 shares of the basic materials company’s stock worth $536,216,000 after buying an additional 3,847,358 shares during the last quarter. BlackRock Fund Advisors boosted its position in Scotts Miracle-Gro by 4.3% in the third quarter. BlackRock Fund Advisors now owns 1,706,689 shares of the basic materials company’s stock worth $142,116,000 after buying an additional 70,102 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC purchased a new position in Scotts Miracle-Gro during the third quarter worth about $50,939,000. Northern Trust Corp boosted its position in Scotts Miracle-Gro by 2.3% in the third quarter. Northern Trust Corp now owns 549,378 shares of the basic materials company’s stock worth $45,748,000 after buying an additional 12,602 shares during the last quarter. Finally, Norges Bank purchased a new position in Scotts Miracle-Gro during the fourth quarter worth about $40,584,000. Hedge funds and other institutional investors own 66.15% of the company’s stock.

About Scotts Miracle-Gro

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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