Scotts Miracle-Gro Company (The) (NYSE:SMG) – Stock analysts at KeyCorp lifted their FY2017 earnings per share estimates for Scotts Miracle-Gro Company (The) in a research note issued to investors on Tuesday. KeyCorp analyst J. Gere now expects that the basic materials company will earn $4.16 per share for the year, up from their prior forecast of $4.15. KeyCorp also issued estimates for Scotts Miracle-Gro Company (The)’s Q4 2017 earnings at ($0.33) EPS, Q1 2018 earnings at ($1.03) EPS, Q2 2018 earnings at $2.90 EPS, Q3 2018 earnings at $2.83 EPS and Q4 2018 earnings at ($0.25) EPS.

A number of other research analysts have also issued reports on SMG. Zacks Investment Research lowered shares of Scotts Miracle-Gro Company (The) from a “hold” rating to a “sell” rating in a report on Wednesday, May 3rd. BidaskClub upgraded shares of Scotts Miracle-Gro Company (The) from a “sell” rating to a “hold” rating in a report on Thursday, July 13th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Scotts Miracle-Gro Company (The) presently has a consensus rating of “Buy” and a consensus target price of $101.00.

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Scotts Miracle-Gro Company (NYSE SMG) opened at 96.94 on Friday. Scotts Miracle-Gro Company has a 12-month low of $74.54 and a 12-month high of $99.91. The stock has a 50 day moving average of $91.45 and a 200 day moving average of $91.50. The company has a market capitalization of $5.74 billion, a PE ratio of 26.16 and a beta of 0.40.

Scotts Miracle-Gro Company (The) (NYSE:SMG) last posted its quarterly earnings data on Tuesday, August 1st. The basic materials company reported $2.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.51 by $0.12. The business had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.06 billion. Scotts Miracle-Gro Company (The) had a net margin of 7.85% and a return on equity of 36.28%. The business’s revenue was up 8.5% on a year-over-year basis. During the same period last year, the firm posted $2.16 earnings per share.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 8th. Shareholders of record on Friday, August 25th will be issued a dividend of $0.53 per share. This is a positive change from Scotts Miracle-Gro Company (The)’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Wednesday, August 23rd. This represents a $2.12 annualized dividend and a yield of 2.19%. Scotts Miracle-Gro Company (The)’s dividend payout ratio (DPR) is presently 52.49%.

In other Scotts Miracle-Gro Company (The) news, major shareholder Hagedorn Partnership, L.P. sold 4,259 shares of the firm’s stock in a transaction that occurred on Tuesday, May 9th. The shares were sold at an average price of $89.46, for a total transaction of $381,010.14. Following the completion of the transaction, the insider now owns 15,771,259 shares in the company, valued at approximately $1,410,896,830.14. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Denise Stump sold 22,615 shares of the firm’s stock in a transaction that occurred on Monday, July 24th. The stock was sold at an average price of $95.05, for a total transaction of $2,149,555.75. Following the transaction, the executive vice president now owns 19,444 shares of the company’s stock, valued at approximately $1,848,152.20. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 50,038 shares of company stock valued at $4,587,090. Company insiders own 28.16% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the stock. Sit Investment Associates Inc. raised its stake in Scotts Miracle-Gro Company (The) by 0.6% in the first quarter. Sit Investment Associates Inc. now owns 205,096 shares of the basic materials company’s stock valued at $19,154,000 after buying an additional 1,291 shares in the last quarter. Profund Advisors LLC raised its stake in Scotts Miracle-Gro Company (The) by 1.8% in the first quarter. Profund Advisors LLC now owns 9,353 shares of the basic materials company’s stock valued at $873,000 after buying an additional 164 shares in the last quarter. IFC Holdings Incorporated FL raised its stake in Scotts Miracle-Gro Company (The) by 1.9% in the first quarter. IFC Holdings Incorporated FL now owns 2,406 shares of the basic materials company’s stock valued at $223,000 after buying an additional 44 shares in the last quarter. Personal Capital Advisors Corp raised its stake in Scotts Miracle-Gro Company (The) by 8.7% in the first quarter. Personal Capital Advisors Corp now owns 317,350 shares of the basic materials company’s stock valued at $29,628,000 after buying an additional 25,425 shares in the last quarter. Finally, Nationwide Fund Advisors raised its stake in Scotts Miracle-Gro Company (The) by 8.2% in the first quarter. Nationwide Fund Advisors now owns 142,291 shares of the basic materials company’s stock valued at $13,289,000 after buying an additional 10,761 shares in the last quarter. Institutional investors own 68.02% of the company’s stock.

Scotts Miracle-Gro Company (The) Company Profile

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.

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

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