Wall Street brokerages expect Scotts Miracle-Gro Co (NYSE:SMG) to report earnings per share (EPS) of ($1.25) for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for Scotts Miracle-Gro’s earnings. The lowest EPS estimate is ($1.34) and the highest is ($1.18). Scotts Miracle-Gro posted earnings of ($1.39) per share in the same quarter last year, which suggests a positive year over year growth rate of 10.1%. The business is scheduled to issue its next quarterly earnings report on Wednesday, January 29th.

On average, analysts expect that Scotts Miracle-Gro will report full-year earnings of $5.02 per share for the current fiscal year, with EPS estimates ranging from $4.95 to $5.10. For the next financial year, analysts forecast that the firm will post earnings of $5.49 per share, with EPS estimates ranging from $5.35 to $5.55. Zacks’ earnings per share calculations are an average based on a survey of research firms that follow Scotts Miracle-Gro.

Scotts Miracle-Gro (NYSE:SMG) last announced its earnings results on Wednesday, November 6th. The basic materials company reported ($0.91) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.87) by ($0.04). Scotts Miracle-Gro had a net margin of 14.59% and a return on equity of 41.87%. The business had revenue of $497.70 million during the quarter, compared to analyst estimates of $451.49 million. During the same quarter last year, the business posted ($0.75) earnings per share. The business’s quarterly revenue was up 14.7% compared to the same quarter last year.

Several equities research analysts have weighed in on SMG shares. Zacks Investment Research cut shares of Scotts Miracle-Gro from a “buy” rating to a “hold” rating and set a $117.00 price objective for the company. in a research report on Tuesday, October 1st. Bank of America upgraded shares of Scotts Miracle-Gro from a “neutral” rating to a “buy” rating and set a $108.00 target price on the stock in a research report on Friday, October 25th. Finally, ValuEngine cut shares of Scotts Miracle-Gro from a “hold” rating to a “sell” rating in a research note on Tuesday. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company’s stock. Scotts Miracle-Gro has a consensus rating of “Hold” and an average price target of $98.42.

In related news, EVP Denise Stump sold 2,249 shares of the business’s stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $105.92, for a total transaction of $238,214.08. Following the completion of the sale, the executive vice president now directly owns 11,211 shares of the company’s stock, valued at $1,187,469.12. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Michael C. Lukemire sold 9,788 shares of the stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $106.26, for a total transaction of $1,040,072.88. Following the completion of the transaction, the chief operating officer now owns 45,321 shares in the company, valued at $4,815,809.46. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 14,537 shares of company stock valued at $1,548,237. 30.37% 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 business. Vanguard Group Inc. lifted its stake in shares of Scotts Miracle-Gro by 3.2% in the 2nd quarter. Vanguard Group Inc. now owns 3,943,112 shares of the basic materials company’s stock valued at $388,396,000 after purchasing an additional 121,764 shares during the period. BlackRock Inc. increased its stake in shares of Scotts Miracle-Gro by 1.4% in the 2nd quarter. BlackRock Inc. now owns 3,715,918 shares of the basic materials company’s stock valued at $366,019,000 after acquiring an additional 51,091 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its position in shares of Scotts Miracle-Gro by 2.6% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,618,470 shares of the basic materials company’s stock valued at $257,920,000 after acquiring an additional 65,413 shares during the period. Bank of New York Mellon Corp raised its position in shares of Scotts Miracle-Gro by 1.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 705,605 shares of the basic materials company’s stock valued at $69,502,000 after acquiring an additional 10,549 shares during the period. Finally, Macquarie Group Ltd. boosted its stake in Scotts Miracle-Gro by 1.8% during the 2nd quarter. Macquarie Group Ltd. now owns 508,160 shares of the basic materials company’s stock worth $50,054,000 after acquiring an additional 8,778 shares during the last quarter. 66.82% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE:SMG opened at $101.65 on Friday. Scotts Miracle-Gro has a 12 month low of $57.96 and a 12 month high of $114.63. The company’s 50-day moving average price is $101.51 and its two-hundred day moving average price is $101.11. The company has a quick ratio of 0.81, a current ratio of 1.68 and a debt-to-equity ratio of 2.11. The firm has a market cap of $5.67 billion, a P/E ratio of 22.74, a P/E/G ratio of 2.07 and a beta of 0.78.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 26th will be given a dividend of $0.58 per share. The ex-dividend date is Monday, November 25th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 2.28%. Scotts Miracle-Gro’s payout ratio is currently 51.90%.

About Scotts Miracle-Gro

The Scotts Miracle-Gro Company manufactures, markets, and sells consumer lawn and garden products in the United States and internationally. The company operates through three segments: U.S. Consumer, Hawthorne, and Other. It offers lawn care products, such as 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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