Scotts Miracle-Gro Co (NYSE:SMG) – Research analysts at SunTrust Banks upped their FY2018 earnings estimates for shares of Scotts Miracle-Gro in a report issued on Monday, according to Zacks Investment Research. SunTrust Banks analyst W. Chappell now anticipates that the basic materials company will post earnings per share of $5.04 for the year, up from their prior forecast of $4.21. SunTrust Banks currently has a “Hold” rating and a $95.00 target price on the stock.
Other equities analysts have also issued research reports about the stock. KeyCorp reaffirmed a “hold” rating on shares of Scotts Miracle-Gro in a research report on Saturday, November 25th. Zacks Investment Research lowered shares of Scotts Miracle-Gro from a “hold” rating to a “sell” rating in a research report on Wednesday, October 4th. Bank of America raised their price objective on shares of Scotts Miracle-Gro from $107.00 to $110.00 and gave the company a “buy” rating in a research report on Wednesday, November 8th. Finally, JPMorgan Chase & Co. lowered shares of Scotts Miracle-Gro from an “overweight” rating to a “neutral” rating and set a $99.00 price objective on the stock. in a research report on Wednesday, November 8th. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Scotts Miracle-Gro has an average rating of “Hold” and an average price target of $106.25.
Scotts Miracle-Gro (SMG) traded up $0.48 during mid-day trading on Wednesday, hitting $106.47. 344,700 shares of the company traded hands, compared to its average volume of 546,291. The company has a debt-to-equity ratio of 1.90, a quick ratio of 0.87 and a current ratio of 1.62. The firm has a market capitalization of $6,120.00, a PE ratio of 32.76, a P/E/G ratio of 2.44 and a beta of 0.36. Scotts Miracle-Gro has a twelve month low of $81.48 and a twelve month high of $110.12.
Scotts Miracle-Gro (NYSE:SMG) last posted its quarterly earnings results on Tuesday, November 7th. The basic materials company reported ($0.26) EPS for the quarter, topping the consensus estimate of ($0.30) by $0.04. The business had revenue of $376.70 million during the quarter, compared to analysts’ expectations of $368.50 million. Scotts Miracle-Gro had a net margin of 7.51% and a return on equity of 37.81%. The firm’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same period last year, the company posted ($0.30) earnings per share.
Several large investors have recently added to or reduced their stakes in the company. Ameritas Investment Partners Inc. raised its position in shares of Scotts Miracle-Gro by 0.5% in the second quarter. Ameritas Investment Partners Inc. now owns 13,733 shares of the basic materials company’s stock valued at $1,228,000 after purchasing an additional 67 shares during the period. Zacks Investment Management raised its position in shares of Scotts Miracle-Gro by 0.4% in the second quarter. Zacks Investment Management now owns 24,176 shares of the basic materials company’s stock valued at $2,163,000 after purchasing an additional 108 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Scotts Miracle-Gro by 7.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,664 shares of the basic materials company’s stock worth $149,000 after acquiring an additional 116 shares during the last quarter. Northwestern Mutual Investment Management Company LLC grew its stake in shares of Scotts Miracle-Gro by 2.5% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 7,822 shares of the basic materials company’s stock worth $547,000 after acquiring an additional 191 shares during the last quarter. Finally, Private Advisor Group LLC grew its stake in shares of Scotts Miracle-Gro by 9.0% in the second quarter. Private Advisor Group LLC now owns 2,620 shares of the basic materials company’s stock worth $239,000 after acquiring an additional 216 shares during the last quarter. 69.18% of the stock is currently owned by institutional investors.
In other news, EVP Ivan C. Smith sold 6,587 shares of Scotts Miracle-Gro stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $97.74, for a total value of $643,813.38. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 29.14% of the stock is currently owned by company insiders.
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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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