Scotts Miracle-Gro Co (NYSE:SMG) – Research analysts at William Blair lifted their FY2020 earnings per share (EPS) estimates for Scotts Miracle-Gro in a report released on Thursday, June 6th. William Blair analyst J. Andersen now expects that the basic materials company will post earnings of $4.55 per share for the year, up from their prior estimate of $4.50.

Other equities research analysts have also recently issued research reports about the stock. ValuEngine raised shares of Scotts Miracle-Gro from a “hold” rating to a “buy” rating in a research report on Thursday, May 30th. TheStreet raised shares of Scotts Miracle-Gro from a “c” rating to a “b” rating in a research report on Wednesday, May 1st. Raymond James cut shares of Scotts Miracle-Gro from an “outperform” rating to a “market perform” rating and set a $77.10 price target for the company. in a research report on Wednesday, March 27th. They noted that the move was a valuation call. Finally, Bank of America cut shares of Scotts Miracle-Gro from a “neutral” rating to an “underperform” rating and increased their price target for the company from $81.00 to $83.00 in a research report on Thursday, May 2nd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. Scotts Miracle-Gro has an average rating of “Hold” and an average target price of $76.03.

Shares of SMG opened at $93.01 on Monday. The firm has a market cap of $5.24 billion, a price-to-earnings ratio of 25.07, a PEG ratio of 2.06 and a beta of 0.82. The company has a debt-to-equity ratio of 3.28, a current ratio of 1.59 and a quick ratio of 1.00. Scotts Miracle-Gro has a twelve month low of $57.96 and a twelve month high of $94.70.

Scotts Miracle-Gro (NYSE:SMG) last announced its quarterly earnings results on Wednesday, May 1st. The basic materials company reported $3.64 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $3.42 by $0.22. The business had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.16 billion. Scotts Miracle-Gro had a net margin of 8.67% and a return on equity of 53.15%. The firm’s revenue for the quarter was up 17.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.88 EPS.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. BlackRock Inc. raised its holdings in Scotts Miracle-Gro by 0.9% in the 1st quarter. BlackRock Inc. now owns 3,664,827 shares of the basic materials company’s stock worth $287,982,000 after purchasing an additional 32,376 shares in the last quarter. FMR LLC raised its holdings in Scotts Miracle-Gro by 24.5% in the 1st quarter. FMR LLC now owns 2,941,892 shares of the basic materials company’s stock worth $231,173,000 after purchasing an additional 578,765 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its holdings in Scotts Miracle-Gro by 19.6% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,576,340 shares of the basic materials company’s stock worth $202,449,000 after purchasing an additional 422,350 shares in the last quarter. Wells Fargo & Company MN raised its holdings in Scotts Miracle-Gro by 19.9% in the 1st quarter. Wells Fargo & Company MN now owns 732,100 shares of the basic materials company’s stock worth $57,529,000 after purchasing an additional 121,489 shares in the last quarter. Finally, Northern Trust Corp raised its holdings in Scotts Miracle-Gro by 4.9% in the 1st quarter. Northern Trust Corp now owns 705,500 shares of the basic materials company’s stock worth $55,438,000 after purchasing an additional 32,714 shares in the last quarter. Institutional investors and hedge funds own 66.13% of the company’s stock.

The company also recently declared a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Tuesday, May 28th were given a dividend of $0.55 per share. The ex-dividend date was Friday, May 24th. This represents a $2.20 annualized dividend and a yield of 2.37%. Scotts Miracle-Gro’s payout ratio is currently 59.30%.

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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