Scotts Miracle-Gro (NYSE:SMG) Updates FY19 Earnings Guidance

Scotts Miracle-Gro (NYSE:SMG) issued an update on its FY19 earnings guidance on Wednesday morning. The company provided EPS guidance of $4.20-$4.40 for the period, compared to the Thomson Reuters consensus EPS estimate of $4.28.

Scotts Miracle-Gro stock traded up $0.45 during trading hours on Friday, hitting $98.50. The company had a trading volume of 716,515 shares, compared to its average volume of 453,819. The stock has a market capitalization of $5.44 billion, a price-to-earnings ratio of 26.55, a PEG ratio of 2.14 and a beta of 0.82. The company has a current ratio of 1.59, a quick ratio of 1.00 and a debt-to-equity ratio of 3.28. Scotts Miracle-Gro has a one year low of $57.96 and a one year high of $99.47. The business’s 50-day moving average is $92.38.

Scotts Miracle-Gro (NYSE:SMG) last released 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. Scotts Miracle-Gro had a net margin of 8.67% and a return on equity of 53.15%. The firm had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.16 billion. During the same period in the prior year, the firm earned $2.88 EPS. The business’s revenue was up 17.4% on a year-over-year basis. Equities analysts expect that Scotts Miracle-Gro will post 4.33 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Tuesday, May 28th were issued a dividend of $0.55 per share. The ex-dividend date of this dividend was Friday, May 24th. This represents a $2.20 annualized dividend and a dividend yield of 2.23%. Scotts Miracle-Gro’s dividend payout ratio is presently 59.30%.

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

Scotts Miracle-Gro Company Profile

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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