Q3 2017 EPS Estimates for Scotts Miracle-Gro Company (The) (SMG) Reduced by SunTrust Banks

Scotts Miracle-Gro Company (The) (NYSE:SMG) – Stock analysts at SunTrust Banks reduced their Q3 2017 earnings per share estimates for shares of Scotts Miracle-Gro Company (The) in a report issued on Tuesday. SunTrust Banks analyst W. Chappell now anticipates that the basic materials company will post earnings per share of $2.50 for the quarter, down from their prior estimate of $2.59. SunTrust Banks also issued estimates for Scotts Miracle-Gro Company (The)’s Q4 2017 earnings at ($0.22) EPS, FY2017 earnings at $4.12 EPS, Q1 2018 earnings at ($1.10) EPS, Q2 2018 earnings at $3.08 EPS and Q3 2018 earnings at $2.84 EPS.

Separately, Zacks Investment Research raised shares of Scotts Miracle-Gro Company (The) from a “hold” rating to a “buy” rating and set a $103.00 price target for the company in a report on Wednesday, March 15th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $97.00.

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

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Scotts Miracle-Gro Company (SMG) opened at 87.72 on Thursday. Scotts Miracle-Gro Company has a 52-week low of $65.80 and a 52-week high of $98.82. The firm has a 50-day moving average of $88.11 and a 200 day moving average of $92.09. The company has a market cap of $5.23 billion, a PE ratio of 18.80 and a beta of 0.34.

Scotts Miracle-Gro Company (The) (NYSE:SMG) last posted its earnings results on Tuesday, May 2nd. The basic materials company reported $2.78 EPS for the quarter, missing the consensus estimate of $2.93 by $0.15. Scotts Miracle-Gro Company (The) had a return on equity of 31.76% and a net margin of 10.23%. The firm had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.28 billion. During the same quarter last year, the company posted $3.15 EPS. Scotts Miracle-Gro Company (The)’s revenue for the quarter was down 3.3% on a year-over-year basis.

The business also recently announced a quarterly dividend, which was paid on Friday, June 9th. Shareholders of record on Friday, May 26th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.28%. The ex-dividend date of this dividend was Wednesday, May 24th. Scotts Miracle-Gro Company (The)’s dividend payout ratio is presently 42.37%.

In other Scotts Miracle-Gro Company (The) news, Chairman James Hagedorn sold 33,104 shares of the business’s stock in a transaction dated Wednesday, May 3rd. The shares were sold at an average price of $88.49, for a total value of $2,929,372.96. Following the completion of the transaction, the chairman now directly owns 99,006 shares of the company’s stock, valued at $8,761,040.94. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Thomas Randal Coleman sold 5,112 shares of the business’s stock in a transaction dated Tuesday, May 16th. The stock was sold at an average price of $87.56, for a total transaction of $447,606.72. Following the completion of the transaction, the chief financial officer now directly owns 14,090 shares of the company’s stock, valued at $1,233,720.40. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 63,854 shares of company stock valued at $5,662,079. Insiders own 28.16% of the company’s stock.

Several institutional investors have recently made changes to their positions in the company. Palo Capital Inc. increased its position in shares of Scotts Miracle-Gro Company (The) by 0.3% in the first quarter. Palo Capital Inc. now owns 8,714 shares of the basic materials company’s stock worth $814,000 after buying an additional 28 shares in the last quarter. Glen Harbor Capital Management LLC increased its position in shares of Scotts Miracle-Gro Company (The) by 2.4% in the first quarter. Glen Harbor Capital Management LLC now owns 1,392 shares of the basic materials company’s stock worth $130,000 after buying an additional 32 shares in the last quarter. IFC Holdings Incorporated FL increased its position in shares of Scotts Miracle-Gro Company (The) by 1.9% in the first quarter. IFC Holdings Incorporated FL now owns 2,406 shares of the basic materials company’s stock worth $223,000 after buying an additional 44 shares in the last quarter. Tyers Asset Management LLC increased its position in shares of Scotts Miracle-Gro Company (The) by 2.4% in the first quarter. Tyers Asset Management LLC now owns 1,914 shares of the basic materials company’s stock worth $179,000 after buying an additional 44 shares in the last quarter. Finally, Delta Asset Management LLC TN increased its position in shares of Scotts Miracle-Gro Company (The) by 2.6% in the first quarter. Delta Asset Management LLC TN now owns 1,950 shares of the basic materials company’s stock worth $182,000 after buying an additional 50 shares in the last quarter. 68.55% of the stock is owned by institutional investors.

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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