Scotts Miracle-Gro (SMG) to Release Quarterly Earnings on Wednesday

Scotts Miracle-Gro (NYSE:SMGGet Free Report) is projected to announce its earnings results before the market opens on Wednesday, January 29th. Analysts expect the company to announce earnings of ($1.23) per share and revenue of $392,620.00 billion for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

Scotts Miracle-Gro Trading Up 1.9 %

Shares of SMG opened at $73.84 on Monday. The firm has a market capitalization of $4.24 billion, a price-to-earnings ratio of -107.01 and a beta of 1.73. The firm’s fifty day simple moving average is $71.51 and its 200-day simple moving average is $74.47. Scotts Miracle-Gro has a twelve month low of $53.43 and a twelve month high of $93.90.

Scotts Miracle-Gro Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Friday, November 22nd were issued a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a yield of 3.58%. The ex-dividend date of this dividend was Friday, November 22nd. Scotts Miracle-Gro’s dividend payout ratio (DPR) is -382.61%.

Insider Transactions at Scotts Miracle-Gro

In other Scotts Miracle-Gro news, COO Nathan Eric Baxter sold 11,359 shares of the business’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $75.37, for a total transaction of $856,127.83. Following the sale, the chief operating officer now directly owns 51,631 shares in the company, valued at approximately $3,891,428.47. The trade was a 18.03 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Hagedorn Partnership, L.P. sold 28,000 shares of Scotts Miracle-Gro stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $75.91, for a total value of $2,125,480.00. Following the transaction, the insider now directly owns 13,553,774 shares of the company’s stock, valued at $1,028,866,984.34. This trade represents a 0.21 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 58,227 shares of company stock worth $4,410,268 over the last ninety days. 25.37% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several brokerages have recently weighed in on SMG. Truist Financial cut their target price on Scotts Miracle-Gro from $90.00 to $70.00 and set a “hold” rating on the stock in a research report on Friday, November 8th. Wells Fargo & Company lowered their target price on shares of Scotts Miracle-Gro from $85.00 to $80.00 and set an “overweight” rating for the company in a report on Tuesday, January 7th. Stifel Nicolaus boosted their price target on shares of Scotts Miracle-Gro from $75.00 to $81.00 and gave the company a “hold” rating in a research report on Monday, November 4th. UBS Group decreased their price objective on shares of Scotts Miracle-Gro from $77.00 to $72.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Finally, JPMorgan Chase & Co. reduced their target price on Scotts Miracle-Gro from $85.00 to $80.00 and set an “overweight” rating for the company in a report on Thursday, November 7th. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $75.83.

Get Our Latest Report on SMG

About Scotts Miracle-Gro

(Get Free Report)

The Scotts Miracle-Gro Company, together with its subsidiaries, manufactures, markets, and sells products for lawn, garden care, and indoor and hydroponic gardening in the United States and internationally. It operates through three segments: U.S. Consumer, Hawthorne, and Other. The company provides lawn care products, comprising lawn fertilizers, grass seed products, spreaders, and other durable products, as well as lawn-related weed, pest, and disease control products; and gardening and landscape products, which include water-soluble and continuous-release plant foods, potting mixes, garden soils, mulches and ground cover products, plant-related pest and disease control products, organic garden products, and live goods and seeding solutions.

See Also

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

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