Equities research analysts expect Scotts Miracle-Gro Co (NYSE:SMG) to announce $442.64 million in sales for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for Scotts Miracle-Gro’s earnings, with the lowest sales estimate coming in at $409.90 million and the highest estimate coming in at $461.10 million. Scotts Miracle-Gro posted sales of $376.70 million in the same quarter last year, which suggests a positive year over year growth rate of 17.5%. The company is scheduled to issue its next quarterly earnings report before the market opens on Tuesday, November 6th.

According to Zacks, analysts expect that Scotts Miracle-Gro will report full-year sales of $2.67 billion for the current fiscal year, with estimates ranging from $2.64 billion to $2.69 billion. For the next financial year, analysts anticipate that the business will report sales of $2.97 billion, with estimates ranging from $2.92 billion to $3.00 billion. Zacks Investment Research’s sales averages are an average based on a survey of analysts that cover Scotts Miracle-Gro.

Scotts Miracle-Gro (NYSE:SMG) last posted its earnings results on Tuesday, July 31st. The basic materials company reported $2.67 earnings per share for the quarter, topping analysts’ consensus estimates of $2.55 by $0.12. The business had revenue of $994.60 million for the quarter, compared to analyst estimates of $996.40 million. Scotts Miracle-Gro had a return on equity of 43.37% and a net margin of 6.80%. During the same period in the previous year, the firm earned $2.57 EPS.

A number of research analysts recently weighed in on the company. Bank of America decreased their target price on Scotts Miracle-Gro from $80.00 to $77.00 and set a “sell” rating on the stock in a report on Tuesday, July 17th. ValuEngine raised Scotts Miracle-Gro from a “sell” rating to a “hold” rating in a report on Friday, September 21st. Zacks Investment Research raised Scotts Miracle-Gro from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 18th. Finally, JPMorgan Chase & Co. decreased their target price on Scotts Miracle-Gro from $85.00 to $70.00 and set an “underweight” rating on the stock in a report on Friday, August 24th. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $85.00.

Shares of SMG stock traded down $1.79 during trading on Tuesday, reaching $67.28. 449,727 shares of the company’s stock were exchanged, compared to its average volume of 434,228. The company has a current ratio of 1.60, a quick ratio of 0.99 and a debt-to-equity ratio of 3.72. The firm has a market capitalization of $3.73 billion, a PE ratio of 17.08, a PEG ratio of 3.58 and a beta of 0.23. Scotts Miracle-Gro has a twelve month low of $66.54 and a twelve month high of $110.12.

In related news, Director Nancy G. Mistretta sold 6,300 shares of the business’s stock in a transaction on Friday, September 14th. The stock was sold at an average price of $76.93, for a total value of $484,659.00. Following the completion of the sale, the director now directly owns 20,824 shares in the company, valued at approximately $1,601,990.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Hagedorn Partnership, L.P. sold 44,793 shares of the business’s stock in a transaction on Tuesday, August 7th. The shares were sold at an average price of $77.76, for a total value of $3,483,103.68. Following the completion of the sale, the insider now owns 15,652,099 shares of the company’s stock, valued at $1,217,107,218.24. The disclosure for this sale can be found here. Insiders sold a total of 91,422 shares of company stock valued at $7,103,746 over the last 90 days. 29.14% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. bought a new stake in Scotts Miracle-Gro in the 3rd quarter valued at $6,913,000. Alpha Cubed Investments LLC boosted its stake in Scotts Miracle-Gro by 11.7% in the 3rd quarter. Alpha Cubed Investments LLC now owns 17,123 shares of the basic materials company’s stock valued at $1,237,000 after purchasing an additional 1,800 shares during the period. Palo Capital Inc. boosted its stake in Scotts Miracle-Gro by 18.5% in the 3rd quarter. Palo Capital Inc. now owns 12,918 shares of the basic materials company’s stock valued at $1,017,000 after purchasing an additional 2,021 shares during the period. Cambiar Investors LLC bought a new stake in Scotts Miracle-Gro in the 3rd quarter valued at $5,167,000. Finally, Skylands Capital LLC boosted its stake in Scotts Miracle-Gro by 49.3% in the 3rd quarter. Skylands Capital LLC now owns 20,900 shares of the basic materials company’s stock valued at $1,645,000 after purchasing an additional 6,900 shares during the period. Institutional investors and hedge funds own 65.91% of the company’s stock.

About Scotts Miracle-Gro

The Scotts Miracle-Gro Company manufactures, markets, and sells consumer lawn and garden products. The company operates through three segments: U.S. Consumer, Hawthorne, and Other. It offers lawn care products, including 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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