The Scotts Miracle-Gro (NYSE:SMG) Releases FY 2021 Earnings Guidance


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The Scotts Miracle-Gro (NYSE:SMG) issued an update on its FY 2021 earnings guidance on Tuesday morning. The company provided EPS guidance of 8.600-9.000 for the period, compared to the Thomson Reuters consensus EPS estimate of $8.800. The company issued revenue guidance of $4.46 billion-$4.63 billion, compared to the consensus revenue estimate of $4.51 billion.

Several research firms have commented on SMG. Truist Financial increased their target price on The Scotts Miracle-Gro from $250.00 to $270.00 in a research report on Thursday, February 4th. Raymond James raised their price objective on The Scotts Miracle-Gro from $290.00 to $300.00 and gave the stock a strong-buy rating in a research report on Thursday, April 15th. Truist raised their price objective on The Scotts Miracle-Gro from $270.00 to $275.00 in a research report on Friday, April 9th. William Blair reaffirmed an outperform rating on shares of The Scotts Miracle-Gro in a research note on Wednesday, February 3rd. Finally, Truist Securities lifted their target price on The Scotts Miracle-Gro from $270.00 to $275.00 in a research report on Friday, April 9th. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The Scotts Miracle-Gro has an average rating of Buy and a consensus target price of $239.71.

Shares of SMG stock traded down $3.13 during trading on Tuesday, hitting $227.98. The company had a trading volume of 467,850 shares, compared to its average volume of 393,697. The company has a quick ratio of 0.63, a current ratio of 1.28 and a debt-to-equity ratio of 2.07. The Scotts Miracle-Gro has a 52 week low of $126.75 and a 52 week high of $254.34. The stock has a market capitalization of $12.70 billion, a price-to-earnings ratio of 33.94 and a beta of 1.13. The stock’s 50-day moving average is $238.61 and its two-hundred day moving average is $208.45.

The Scotts Miracle-Gro (NYSE:SMG) last released its quarterly earnings results on Tuesday, February 2nd. The basic materials company reported $0.39 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.73) by $1.12. The business had revenue of $748.60 million for the quarter, compared to the consensus estimate of $623.98 million. The Scotts Miracle-Gro had a return on equity of 52.60% and a net margin of 9.38%. The company’s revenue for the quarter was up 104.6% on a year-over-year basis. During the same quarter last year, the business posted ($1.12) earnings per share. On average, research analysts predict that The Scotts Miracle-Gro will post 8.24 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 10th. Shareholders of record on Thursday, May 27th will be paid a $0.62 dividend. This represents a $2.48 annualized dividend and a yield of 1.09%. The ex-dividend date is Wednesday, May 26th. The Scotts Miracle-Gro’s dividend payout ratio is currently 34.25%.

In other The Scotts Miracle-Gro news, CEO James Hagedorn sold 14,544 shares of the company’s stock in a transaction on Thursday, February 4th. The shares were sold at an average price of $234.41, for a total value of $3,409,259.04. Also, EVP Denise Stump sold 2,418 shares of the company’s stock in a transaction on Friday, February 12th. The stock was sold at an average price of $244.00, for a total transaction of $589,992.00. Following the completion of the transaction, the executive vice president now owns 8,062 shares of the company’s stock, valued at $1,967,128. The disclosure for this sale can be found here. Insiders have sold 82,784 shares of company stock worth $19,619,256 over the last quarter. Company insiders own 27.17% of the company’s stock.

About The Scotts Miracle-Gro

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 The Scotts Miracle-Gro (NYSE:SMG)

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