Wall Street brokerages expect Scotts Miracle-Gro Co (NYSE:SMG) to post $1.12 billion in sales for the current fiscal quarter, Zacks reports. Five analysts have provided estimates for Scotts Miracle-Gro’s earnings, with the highest sales estimate coming in at $1.13 billion and the lowest estimate coming in at $1.10 billion. Scotts Miracle-Gro reported sales of $1.20 billion in the same quarter last year, which indicates a negative year-over-year growth rate of 6.7%. The business is expected to report its next quarterly earnings report on Tuesday, May 1st.

According to Zacks, analysts expect that Scotts Miracle-Gro will report full-year sales of $1.12 billion for the current year, with estimates ranging from $2.69 billion to $2.76 billion. For the next fiscal year, analysts anticipate that the business will report sales of $2.81 billion per share, with estimates ranging from $2.77 billion to $2.84 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Scotts Miracle-Gro.

Scotts Miracle-Gro (NYSE:SMG) last released its earnings results on Tuesday, January 30th. The basic materials company reported ($1.08) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.92) by ($0.16). Scotts Miracle-Gro had a return on equity of 38.33% and a net margin of 9.11%. The firm had revenue of $221.50 million during the quarter, compared to analysts’ expectations of $237.21 million. During the same period in the prior year, the business earned ($0.96) earnings per share. The business’s quarterly revenue was down 10.3% compared to the same quarter last year.

SMG has been the subject of a number of recent research reports. KeyCorp reissued a “hold” rating on shares of Scotts Miracle-Gro in a research report on Monday, October 16th. JPMorgan Chase & Co. cut Scotts Miracle-Gro from an “overweight” rating to a “neutral” rating and set a $99.00 price target for the company. in a research report on Wednesday, November 8th. Bank of America lifted their price target on Scotts Miracle-Gro from $107.00 to $110.00 and gave the company a “buy” rating in a research report on Wednesday, November 8th. SunTrust Banks reiterated a “hold” rating and issued a $95.00 price target on shares of Scotts Miracle-Gro in a research report on Friday, November 10th. Finally, Zacks Investment Research upgraded Scotts Miracle-Gro from a “sell” rating to a “hold” rating and set a $121.00 price target for the company in a research report on Wednesday, January 10th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $104.25.

In related news, Director Katherine Littlefield Hagedorn sold 2,892 shares of the business’s stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $89.50, for a total transaction of $258,834.00. Following the completion of the transaction, the director now directly owns 9,043 shares in the company, valued at $809,348.50. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Ivan C. Smith sold 6,587 shares of the business’s stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $97.74, for a total value of $643,813.38. The disclosure for this sale can be found here. 29.14% of the stock is currently owned by insiders.

Institutional investors have recently bought and sold shares of the stock. Caxton Associates LP purchased a new position in Scotts Miracle-Gro during the third quarter worth about $584,000. Assenagon Asset Management S.A. purchased a new position in Scotts Miracle-Gro during the third quarter worth about $487,000. California Public Employees Retirement System grew its position in Scotts Miracle-Gro by 10.7% during the third quarter. California Public Employees Retirement System now owns 133,233 shares of the basic materials company’s stock worth $12,969,000 after buying an additional 12,833 shares in the last quarter. Magnetar Financial LLC purchased a new position in Scotts Miracle-Gro during the third quarter worth about $2,218,000. Finally, Stifel Financial Corp grew its position in Scotts Miracle-Gro by 16.0% during the third quarter. Stifel Financial Corp now owns 38,950 shares of the basic materials company’s stock worth $3,793,000 after buying an additional 5,375 shares in the last quarter. Institutional investors and hedge funds own 69.18% of the company’s stock.

Scotts Miracle-Gro (SMG) traded up $1.01 during trading hours on Wednesday, reaching $89.13. The company’s stock had a trading volume of 795,167 shares, compared to its average volume of 893,401. The company has a quick ratio of 0.61, a current ratio of 2.09 and a debt-to-equity ratio of 3.34. Scotts Miracle-Gro has a twelve month low of $81.48 and a twelve month high of $110.12. The stock has a market capitalization of $5,016.18, a P/E ratio of 20.63, a P/E/G ratio of 1.91 and a beta of 0.20.

The business also recently declared a quarterly dividend, which will be paid on Friday, March 9th. Stockholders of record on Friday, February 23rd will be given a $0.53 dividend. This represents a $2.12 annualized dividend and a dividend yield of 2.38%. The ex-dividend date is Thursday, February 22nd. Scotts Miracle-Gro’s dividend payout ratio (DPR) is presently 49.07%.

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

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