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

Scotts Miracle-Gro (NYSE:SMG - Get Free Report) will be releasing its earnings data before the market opens on Wednesday, May 1st. Analysts expect Scotts Miracle-Gro to post earnings of $3.33 per share for the quarter. Persons that are interested in registering for the company's earnings conference call can do so using this link.

Scotts Miracle-Gro (NYSE:SMG - Get Free Report) last released its quarterly earnings data on Wednesday, February 7th. The basic materials company reported ($1.45) earnings per share for the quarter, topping analysts' consensus estimates of ($1.62) by $0.17. Scotts Miracle-Gro had a negative net margin of 11.52% and a negative return on equity of 44.37%. The company had revenue of $410.40 million during the quarter, compared to analyst estimates of $412.83 million. During the same period in the prior year, the firm earned ($1.02) earnings per share. The firm's revenue for the quarter was down 22.1% compared to the same quarter last year. On average, analysts expect Scotts Miracle-Gro to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Scotts Miracle-Gro Price Performance

Shares of NYSE:SMG traded down $0.07 during trading hours on Wednesday, hitting $68.51. The company's stock had a trading volume of 394,159 shares, compared to its average volume of 734,949. The firm's fifty day moving average price is $67.61 and its 200 day moving average price is $60.19. Scotts Miracle-Gro has a 52 week low of $43.67 and a 52 week high of $77.95. The company has a market capitalization of $3.88 billion, a price-to-earnings ratio of -9.73 and a beta of 1.70.

Scotts Miracle-Gro Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 7th. Shareholders of record on Friday, May 24th will be issued a dividend of $0.66 per share. The ex-dividend date of this dividend is Thursday, May 23rd. This represents a $2.64 dividend on an annualized basis and a yield of 3.85%. Scotts Miracle-Gro's dividend payout ratio is currently -37.50%.

Insider Buying and Selling

In related news, Director Stephen L. Johnson sold 1,394 shares of Scotts Miracle-Gro stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $57.35, for a total transaction of $79,945.90. Following the completion of the sale, the director now owns 22,918 shares of the company's stock, valued at $1,314,347.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Stephen L. Johnson sold 1,394 shares of the business's stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $57.35, for a total value of $79,945.90. Following the completion of the transaction, the director now directly owns 22,918 shares in the company, valued at approximately $1,314,347.30. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Hagedorn Partnership, L.P. sold 86,356 shares of the stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $65.41, for a total value of $5,648,545.96. Following the transaction, the director now owns 13,777,012 shares in the company, valued at approximately $901,154,354.92. The disclosure for this sale can be found here. Insiders sold 102,750 shares of company stock worth $6,604,492 in the last 90 days. Insiders own 26.46% of the company's stock.

Analyst Ratings Changes

Several research firms have recently commented on SMG. JPMorgan Chase & Co. upped their price objective on Scotts Miracle-Gro from $70.00 to $85.00 and gave the stock an "overweight" rating in a research note on Friday, April 5th. Raymond James reaffirmed a "market perform" rating on shares of Scotts Miracle-Gro in a research report on Monday, March 25th. Truist Financial lowered shares of Scotts Miracle-Gro from a "buy" rating to a "hold" rating and lifted their price target for the stock from $65.00 to $75.00 in a report on Friday, April 5th. StockNews.com upgraded Scotts Miracle-Gro from a "sell" rating to a "hold" rating in a report on Thursday, April 4th. Finally, Stifel Nicolaus boosted their target price on Scotts Miracle-Gro from $55.00 to $65.00 and gave the stock a "hold" rating in a research note on Monday, March 4th. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $70.00.

Scotts Miracle-Gro Company Profile

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.