In the latest session, The Scotts Miracle-Gro Company (NYSE: SMG) closed at $65.18 down -2.28% from its previous closing price of $66.70. In other words, the price has decreased by -$0.86 from its previous closing price. On the day, 609839 shares were traded. SMG stock price reached its highest trading level at $67.13 during the session, while it also had its lowest trading level at $64.19.
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Ratios:
For a deeper understanding of The Scotts Miracle-Gro Company’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 147.78 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 18.52. For the most recent quarter (mrq), Quick Ratio is recorded 1.20 and its Current Ratio is at 2.10. In the meantime, Its Debt-to-Equity ratio is 25.99 whereas as Long-Term Debt/Eq ratio is at 22.82.
Upgrades & Downgrades
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on May 12 when HAGEDORN JAMES sold 25,000 shares for $67.00 per share. The transaction valued at 1,674,909 led to the insider holds 179,899 shares of the business.
STUMP DENISE sold 2,503 shares of SMG for $216,541 on Feb 16. The EVP, Global Human Resources now owns 39,875 shares after completing the transaction at $86.51 per share. On Feb 09, another insider, Hagedorn Partnership, L.P., who serves as the 10% Owner of the company, sold 23,000 shares for $80.16 each. As a result, the insider received 1,843,570 and left with 14,041,775 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, SMG now has a Market Capitalization of 3.88B and an Enterprise Value of 7.26B. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.99 while its Price-to-Book (P/B) ratio in mrq is 26.50. Its current Enterprise Value per Revenue stands at 1.94 whereas that against EBITDA is -11.42.
Stock Price History:
Over the past 52 weeks, SMG has reached a high of $102.25, while it has fallen to a 52-week low of $39.06. The 50-Day Moving Average of the stock is 69.97, while the 200-Day Moving Average is calculated to be 63.17.
Shares Statistics:
For the past three months, SMG has traded an average of 709.33K shares per day and 646.27k over the past ten days. A total of 56.00M shares are outstanding, with a floating share count of 40.18M. Insiders hold about 0.90% of the company’s shares, while institutions hold 70.00% stake in the company. Shares short for SMG as of May 14, 2023 were 3.3M with a Short Ratio of 3.30M, compared to 2.81M on Apr 13, 2023. Therefore, it implies a Short% of Shares Outstanding of 5.89% and a Short% of Float of 7.97%.
Dividends & Splits
According to the company, the forward annual dividend rate for SMG is 2.64, from 2.64 in the trailing year. Against a Trailing Annual Dividend Yield of 4.00%, it implies a Forward Annual Dividend Yield of 4.05%. The stock’s 5-year Average Dividend Yield is 2.43.
Earnings Estimates
There are 7 different market analysts currently analyzing its stock. On average, analysts expect EPS of $1.5 for the current quarter, with a high estimate of $1.88 and a low estimate of $1.04, while EPS last year was $1.98. The consensus estimate for the next quarter is -$1.72, with high estimates of -$1.37 and low estimates of -$2.21.
Analysts are recommending an EPS of between $3.14 and $2.5 for the fiscal current year, implying an average EPS of $2.69. EPS for the following year is $4.15, with 10 analysts recommending between $4.9 and $3.3.
Revenue Estimates
A total of 7 analysts believe the company’s revenue will be $1.17B this quarter.It ranges from a high estimate of $1.22B to a low estimate of $1.13B. As of the current estimate, The Scotts Miracle-Gro Company’s year-ago sales were $1.19B, an estimated decrease of -1.60% from the year-ago figure. For the next quarter, 7 analysts are estimating revenue of $458.16M, a decrease of -7.20% less than the figure of -$1.60% in the same quarter last year. There is a high estimate of $492M for the next quarter, whereas the lowest estimate is $409M.
A total of 9 analysts have provided revenue estimates for SMG’s current fiscal year. The highest revenue estimate was $3.75B, while the lowest revenue estimate was $3.62B, resulting in an average revenue estimate of $3.69B. In the same quarter a year ago, actual revenue was $3.92B, down -6.00% from the average estimate. Based on 9 analysts’ estimates, the company’s revenue will be $3.79B in the next fiscal year. The high estimate is $3.95B and the low estimate is $3.67B. The average revenue growth estimate for next year is up 2.70% from the average revenue estimate for this year.
