Scotts Miracle-Gro Company (The) (SMG) Earns Media Sentiment Rating of 0.21
Press coverage about Scotts Miracle-Gro Company (The) (NYSE:SMG) has trended somewhat positive recently, Accern Sentiment Analysis reports. The research firm ranks the sentiment of news coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Scotts Miracle-Gro Company (The) earned a news sentiment score of 0.21 on Accern’s scale. Accern also assigned news headlines about the basic materials company an impact score of 45.4568413164864 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
These are some of the news headlines that may have impacted Accern Sentiment Analysis’s scoring:
- Brokerages Expect Scotts Miracle-Gro Company (The) (SMG) Will Announce Quarterly Sales of $405.53 Million (americanbankingnews.com)
- Can The Scotts Miracle-Gro Company (NYSE:SMG) or Vectren Corporation (NYSE:VVC) Make a Ripple in the Market? – FLBC News (flbcnews.com)
- CenturyLink, Inc. (CTL) noted a price change of 2.41% and The Scotts Miracle-Gro Company (SMG) closes with a move … – Stocks Gallery (stocksgallery.com)
- Analyzing Scotts Miracle-Gro (SMG) and American Vanguard Corporation (AVD) (americanbankingnews.com)
- Investor Focus on Shares of Scotts Miracle-Gro Company (The) (NYSE:SMG) – Jonesboro Recorder (jonesbororecorder.com)
Shares of Scotts Miracle-Gro Company (SMG) opened at 94.73 on Monday. The stock has a market cap of $5.53 billion, a price-to-earnings ratio of 25.56 and a beta of 0.40. Scotts Miracle-Gro Company has a 12-month low of $78.73 and a 12-month high of $99.91. The stock has a 50 day moving average price of $94.66 and a 200-day moving average price of $91.86.
Scotts Miracle-Gro Company (The) (NYSE:SMG) last posted its quarterly earnings results on Tuesday, August 1st. The basic materials company reported $2.63 EPS for the quarter, topping analysts’ consensus estimates 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 quarterly revenue was up 8.5% on a year-over-year basis. During the same period last year, the company posted $2.16 earnings per share. Equities analysts anticipate that Scotts Miracle-Gro Company will post $4.15 EPS for the current fiscal year.
The business 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 $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a yield of 2.24%. This is a boost from Scotts Miracle-Gro Company (The)’s previous quarterly dividend of $0.50. The ex-dividend date is Wednesday, August 23rd. Scotts Miracle-Gro Company (The)’s dividend payout ratio (DPR) is presently 55.64%.
A number of analysts have recently issued reports on SMG shares. Zacks Investment Research upgraded Scotts Miracle-Gro Company (The) from a “sell” rating to a “hold” rating in a report on Saturday, August 5th. BidaskClub upgraded Scotts Miracle-Gro Company (The) from a “sell” rating to a “hold” rating in a report on Wednesday, August 2nd. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Scotts Miracle-Gro Company (The) currently has an average rating of “Buy” and an average target price of $101.00.
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In other news, Chairman James Hagedorn sold 92,357 shares of Scotts Miracle-Gro Company (The) stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $96.41, for a total transaction of $8,904,138.37. Following the completion of the transaction, the chairman now directly owns 115,867 shares in the company, valued at $11,170,737.47. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Thomas Randal Coleman sold 13,973 shares of Scotts Miracle-Gro Company (The) stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $96.14, for a total transaction of $1,343,364.22. Following the transaction, the chief financial officer now owns 19,959 shares of the company’s stock, valued at $1,918,858.26. The disclosure for this sale can be found here. Insiders sold 190,859 shares of company stock valued at $18,326,133 over the last 90 days. Corporate insiders own 28.16% 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.
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