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

Scotts Miracle-Gro (NYSE:SMG - Get Free Report) is scheduled to release its earnings data before the market opens on Wednesday, November 6th. Analysts expect the company to announce earnings of ($1.94) per share for the quarter. Investors interested in registering for the company's conference call can do so using this link.

Scotts Miracle-Gro (NYSE:SMG - Get Free Report) last issued its quarterly earnings data on Wednesday, July 31st. The basic materials company reported $2.31 EPS for the quarter, topping analysts' consensus estimates of $1.89 by $0.42. Scotts Miracle-Gro had a negative net margin of 7.38% and a negative return on equity of 41.19%. The firm had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.20 billion. During the same quarter in the prior year, the firm earned $1.17 EPS. The company's revenue was up 7.5% on a year-over-year basis. 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 Stock Performance

Shares of NYSE SMG traded up $0.43 during trading on Wednesday, reaching $88.36. The company had a trading volume of 67,360 shares, compared to its average volume of 789,195. Scotts Miracle-Gro has a 52 week low of $43.98 and a 52 week high of $91.09. The business's 50 day moving average price is $78.85 and its 200-day moving average price is $71.60. The stock has a market cap of $5.02 billion, a PE ratio of -18.59 and a beta of 1.76.

Wall Street Analyst Weigh In

Several research firms have recently commented on SMG. Stifel Nicolaus lifted their target price on Scotts Miracle-Gro from $70.00 to $75.00 and gave the company a "hold" rating in a research note on Friday, August 2nd. Wells Fargo & Company raised their price target on Scotts Miracle-Gro from $75.00 to $85.00 and gave the company an "overweight" rating in a report on Thursday, August 1st. Finally, Truist Financial upped their target price on shares of Scotts Miracle-Gro from $65.00 to $90.00 and gave the company a "hold" rating in a research report on Wednesday, October 16th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, Scotts Miracle-Gro presently has a consensus rating of "Hold" and an average target price of $83.75.

Insider Activity

In other Scotts Miracle-Gro news, Director Stephen L. Johnson sold 960 shares of the stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $77.95, for a total value of $74,832.00. Following the completion of the sale, the director now directly owns 22,940 shares in the company, valued at $1,788,173. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Stephen L. Johnson sold 960 shares of the business's stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $77.95, for a total value of $74,832.00. Following the sale, the director now directly owns 22,940 shares of the company's stock, valued at approximately $1,788,173. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Hagedorn Partnership, L.P. sold 85,130 shares of the stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $70.93, for a total value of $6,038,270.90. Following the transaction, the insider now owns 13,608,238 shares of the company's stock, valued at approximately $965,232,321.34. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 89,078 shares of company stock valued at $6,325,042 in the last quarter. Company insiders own 26.46% of the company's stock.

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.