Scotts Miracle-Gro (SMG) Getting Somewhat Favorable Press Coverage, Study Shows

Press coverage about Scotts Miracle-Gro (NYSE:SMG) has been trending somewhat positive on Saturday, Accern reports. Accern identifies positive and negative press coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Scotts Miracle-Gro earned a news impact score of 0.14 on Accern’s scale. Accern also gave news stories about the basic materials company an impact score of 47.898727743193 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

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

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

Scotts Miracle-Gro (NYSE SMG) opened at $89.13 on Friday. Scotts Miracle-Gro has a 52-week low of $81.48 and a 52-week high of $110.12. The stock has a market capitalization of $5,016.18, a P/E ratio of 20.63, a PEG ratio of 1.91 and a beta of 0.20. The company has a debt-to-equity ratio of 3.34, a current ratio of 2.09 and a quick ratio of 0.61.

Scotts Miracle-Gro (NYSE:SMG) last announced its earnings results on Tuesday, January 30th. The basic materials company reported ($1.08) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.92) by ($0.16). Scotts Miracle-Gro had a return on equity of 38.33% and a net margin of 9.11%. The firm had revenue of $221.50 million during the quarter, compared to the consensus estimate of $237.21 million. During the same period in the prior year, the company posted ($0.96) EPS. 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 company 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 $0.53 dividend. This represents a $2.12 annualized dividend and a dividend yield of 2.38%. The ex-dividend date is Thursday, February 22nd. Scotts Miracle-Gro’s dividend payout ratio is currently 49.07%.

In related news, Director Katherine Littlefield Hagedorn sold 2,892 shares of the firm’s stock in a transaction that occurred on Monday, February 5th. The stock was 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 owns 9,043 shares of the company’s stock, valued at approximately $809,348.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Ivan C. Smith sold 6,587 shares of the firm’s stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $97.74, for a total value of $643,813.38. The disclosure for this sale can be found here. 29.14% of the stock is currently 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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