Scotts Miracle-Gro (SMG) Earns Coverage Optimism Score of 0.16

Press coverage about Scotts Miracle-Gro (NYSE:SMG) has been trending somewhat positive on Sunday, Accern Sentiment reports. The research group ranks the sentiment of media coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Scotts Miracle-Gro earned a media sentiment score of 0.16 on Accern’s scale. Accern also assigned news articles about the basic materials company an impact score of 47.6917367851791 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

Here are some of the media stories that may have effected Accern Sentiment Analysis’s rankings:

A number of equities research analysts have issued reports on SMG shares. JPMorgan Chase & Co. downgraded shares of Scotts Miracle-Gro from an “overweight” rating to a “neutral” rating and set a $99.00 price objective for the company. in a research report on Wednesday, November 8th. Zacks Investment Research downgraded shares of Scotts Miracle-Gro from a “buy” rating to a “hold” rating in a research report on Saturday, January 27th. Bank of America set a $120.00 price objective on shares of Scotts Miracle-Gro and gave the stock a “buy” rating in a research report on Tuesday, January 30th. SunTrust Banks reaffirmed a “hold” rating and issued a $95.00 price objective on shares of Scotts Miracle-Gro in a research report on Friday, November 10th. Finally, KeyCorp reissued a “hold” rating on shares of Scotts Miracle-Gro in a research report on Saturday, November 25th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Scotts Miracle-Gro currently has an average rating of “Hold” and a consensus price target of $104.25.

Scotts Miracle-Gro (NYSE:SMG) traded up $0.24 during trading on Friday, hitting $91.55. 782,183 shares of the stock were exchanged, compared to its average volume of 971,372. Scotts Miracle-Gro has a 1 year low of $81.48 and a 1 year high of $110.12. The company has a market cap of $5,211.39, a P/E ratio of 21.19, a P/E/G ratio of 1.98 and a beta of 0.20. The company has a quick ratio of 0.61, a current ratio of 2.09 and a debt-to-equity ratio of 3.34.

Scotts Miracle-Gro (NYSE:SMG) last released its earnings results on Tuesday, January 30th. The basic materials company reported ($1.08) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.92) by ($0.16). Scotts Miracle-Gro had a net margin of 9.11% and a return on equity of 38.33%. The company had revenue of $221.50 million for the quarter, compared to the consensus estimate of $237.21 million. During the same period in the prior year, the company earned ($0.96) earnings per share. The firm’s revenue was down 10.3% on a year-over-year basis. research analysts expect that Scotts Miracle-Gro will post 4.7 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, March 9th. Stockholders of record on Friday, February 23rd will be given a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a dividend yield of 2.32%. The ex-dividend date is Thursday, February 22nd. Scotts Miracle-Gro’s dividend payout ratio is currently 49.07%.

In other news, Director Katherine Littlefield Hagedorn sold 2,892 shares of the stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $89.50, for a total transaction of $258,834.00. Following the completion of the transaction, the director now directly owns 9,043 shares of the company’s stock, valued at approximately $809,348.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 29.14% of the stock is owned by corporate insiders.

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About Scotts Miracle-Gro

The Scotts Miracle-Gro Company (Scotts Miracle-Gro) is a manufacturer and marketer of branded consumer lawn and garden products. The Company’s segments include Global Consumer. In North America, its brands include Scotts and Turf Builder lawn and grass seed products; Miracle-Gro, Nature’s Care, Scotts, LiquaFeed and Osmocote gardening and landscape products; and Ortho, Roundup, Home Defense and Tomcat branded insect control, weed control and rodent control products.

Insider Buying and Selling by Quarter for Scotts Miracle-Gro (NYSE:SMG)

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