Scotts Miracle-Gro (SMG) Receives Coverage Optimism Score of 0.30

Media coverage about Scotts Miracle-Gro (NYSE:SMG) has been trending positive this week, according to Accern Sentiment Analysis. The research firm scores the sentiment of media coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Scotts Miracle-Gro earned a news sentiment score of 0.30 on Accern’s scale. Accern also gave media headlines about the basic materials company an impact score of 46.2739804943961 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

Here are some of the news stories that may have impacted Accern’s rankings:

SMG has been the subject of several analyst reports. J P Morgan Chase & Co cut Scotts Miracle-Gro from an “overweight” rating to a “neutral” rating and set a $99.00 target price for the company. in a report on Wednesday, November 8th. SunTrust Banks reaffirmed a “hold” rating and issued a $95.00 price target on shares of Scotts Miracle-Gro in a research note on Friday, November 10th. Bank of America upped their price target on Scotts Miracle-Gro from $107.00 to $110.00 and gave the company a “buy” rating in a research note on Wednesday, November 8th. Zacks Investment Research lowered Scotts Miracle-Gro from a “hold” rating to a “sell” rating in a research note on Wednesday, October 4th. Finally, KeyCorp reaffirmed a “hold” rating on shares of Scotts Miracle-Gro in a research note on Monday, August 28th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. Scotts Miracle-Gro presently has an average rating of “Hold” and a consensus price target of $101.33.

Shares of Scotts Miracle-Gro (NYSE:SMG) traded down $0.87 during trading on Wednesday, hitting $100.42. The stock had a trading volume of 236,454 shares, compared to its average volume of 421,257. Scotts Miracle-Gro has a twelve month low of $81.48 and a twelve month high of $102.50. The firm has a market cap of $5,791.56, a price-to-earnings ratio of 24.03, a PEG ratio of 2.38 and a beta of 0.36. The company has a current ratio of 1.62, a quick ratio of 0.87 and a debt-to-equity ratio of 1.90.

Scotts Miracle-Gro (NYSE:SMG) last announced its quarterly earnings results on Tuesday, November 7th. The basic materials company reported ($0.26) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.30) by $0.04. Scotts Miracle-Gro had a return on equity of 37.81% and a net margin of 7.51%. The business had revenue of $376.70 million for the quarter, compared to analyst estimates of $368.50 million. During the same quarter in the prior year, the company posted ($0.30) EPS. The company’s quarterly revenue was up 8.0% on a year-over-year basis. research analysts expect that Scotts Miracle-Gro will post 4.3 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Friday, November 24th will be paid a $0.53 dividend. This represents a $2.12 annualized dividend and a dividend yield of 2.11%. The ex-dividend date of this dividend is Wednesday, November 22nd. Scotts Miracle-Gro’s dividend payout ratio (DPR) is presently 58.89%.

In related news, major shareholder Paul Hagedorn sold 16,000 shares of the stock in a transaction dated Friday, September 8th. The stock was sold at an average price of $94.30, for a total transaction of $1,508,800.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Thomas Randal Coleman sold 1,226 shares of the stock in a transaction dated Thursday, October 5th. The stock was sold at an average price of $99.67, for a total value of $122,195.42. The disclosure for this sale can be found here. In the last ninety days, insiders sold 28,813 shares of company stock worth $2,775,359. Corporate insiders own 28.16% of the company’s stock.

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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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