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

Scotts Miracle-Gro (NYSE:SMG - Get Free Report) is expected to post its quarterly earnings results before the market opens on Wednesday, January 29th. Analysts expect Scotts Miracle-Gro to post earnings of ($1.23) per share and revenue of $392,620.00 billion for the quarter. Individual that are interested in participating in the company's earnings conference call can do so using this link.

Scotts Miracle-Gro Stock Up 0.7 %

Shares of SMG traded up $0.52 during trading hours on Wednesday, reaching $71.59. 70,005 shares of the company traded hands, compared to its average volume of 461,462. The company's fifty day moving average price is $71.59 and its two-hundred day moving average price is $74.24. The company has a market capitalization of $4.11 billion, a price-to-earnings ratio of -103.67 and a beta of 1.73. Scotts Miracle-Gro has a 12 month low of $53.43 and a 12 month high of $93.90.

Scotts Miracle-Gro Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Friday, November 22nd were given a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a yield of 3.69%. The ex-dividend date of this dividend was Friday, November 22nd. Scotts Miracle-Gro's dividend payout ratio is currently -382.61%.

Insider Transactions at Scotts Miracle-Gro

In other Scotts Miracle-Gro news, major shareholder Hagedorn Partnership, L.P. sold 500 shares of Scotts Miracle-Gro stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $77.14, for a total value of $38,570.00. Following the sale, the insider now owns 13,553,274 shares of the company's stock, valued at $1,045,499,556.36. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO James Hagedorn sold 18,368 shares of the stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $75.68, for a total transaction of $1,390,090.24. Following the transaction, the chief executive officer now owns 87,426 shares of the company's stock, valued at $6,616,399.68. This trade represents a 17.36 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 58,227 shares of company stock valued at $4,410,268 over the last 90 days. Company insiders own 25.37% of the company's stock.

Wall Street Analysts Forecast Growth

SMG has been the subject of a number of analyst reports. UBS Group decreased their target price 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. Wells Fargo & Company reduced their price target on Scotts Miracle-Gro from $85.00 to $80.00 and set an "overweight" rating for the company in a report on Tuesday, January 7th. Jefferies Financial Group initiated coverage on Scotts Miracle-Gro in a research report on Monday, December 9th. They set a "hold" rating and a $72.00 price objective on the stock. Stifel Nicolaus increased their price objective on Scotts Miracle-Gro from $75.00 to $81.00 and gave the company a "hold" rating in a research report on Monday, November 4th. Finally, Truist Financial dropped their price objective on shares of Scotts Miracle-Gro from $90.00 to $70.00 and set a "hold" rating on the stock in a report on Friday, November 8th. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $75.83.

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.