After finishing at $52.96 in the prior trading day, The Scotts Miracle-Gro Company (NYSE: SMG) closed at $52.26, down -1.32%. In other words, the price has decreased by $-0.70 from its previous closing price. On the day, 508289 shares were traded. SMG stock price reached its highest trading level at $54.11 during the session, while it also had its lowest trading level at $51.92.
Our goal is to gain a better understanding of SMG by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 106.45 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 6.37. For the most recent quarter (mrq), Quick Ratio is recorded 1.00 and its Current Ratio is at 1.70. In the meantime, Its Debt-to-Equity ratio is 22.84 whereas as Long-Term Debt/Eq ratio is at 19.50.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Stifel on July 13, 2023, Downgraded its rating to Hold and sets its target price to $72 from $78 previously.
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Aug 21 when Hagedorn Partnership, L.P. sold 23,685 shares for $49.64 per share. The transaction valued at 1,175,723 led to the insider holds 13,970,295 shares of the business.
Hagedorn Partnership, L.P. sold 47,795 shares of SMG for $2,383,059 on Aug 18. The 10% Owner now owns 13,993,980 shares after completing the transaction at $49.86 per share. On Aug 07, another insider, HAGEDORN JAMES, who serves as the Chairman and CEO of the company, sold 6,451 shares for $55.43 each. As a result, the insider received 357,558 and left with 125,065 shares of the company.
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 2.93B and an Enterprise Value of 5.99B. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.79 while its Price-to-Book (P/B) ratio in mrq is 21.77. Its current Enterprise Value per Revenue stands at 1.63 whereas that against EBITDA is 56.69.
Stock Price History:
Over the past 52 weeks, SMG has reached a high of $88.61, while it has fallen to a 52-week low of $39.06. The 50-Day Moving Average of the stock is 57.85, while the 200-Day Moving Average is calculated to be 64.51.
The stock has traded on average 774.47K shares per day over the past 3-months and 778.97k shares per day over the last 10 days, according to various share statistics. A total of 56.20M shares are outstanding, with a floating share count of 41.55M. 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 Aug 30, 2023 were 3.06M with a Short Ratio of 3.06M, compared to 3.37M on Jul 30, 2023. Therefore, it implies a Short% of Shares Outstanding of 5.45% and a Short% of Float of 7.37%.
Dividends & Splits
In the trailing 12 months, SMG’s forward annual dividend rate was 2.64, compared to 2.64 this year. Against a Trailing Annual Dividend Yield of 4.98%, it implies a Forward Annual Dividend Yield of 4.90%. The stock’s 5-year Average Dividend Yield is 2.53.
Its stock is currently analyzed by 8 different market analysts. On average, analysts expect EPS of $-2.82 for the current quarter, with a high estimate of $-2.52 and a low estimate of $-3.01, while EPS last year was $-2.04. The consensus estimate for the next quarter is $-0.95, with high estimates of $-0.46 and low estimates of $-1.23.
Analysts are recommending an EPS of between $3.26 and $0.91 for the fiscal current year, implying an average EPS of $1.42. EPS for the following year is $3.21, with 11 analysts recommending between $3.79 and $2.55.
7 analysts predict $336.25M in revenue for the current quarter. It ranges from a high estimate of $356.54M to a low estimate of $311.5M. As of the current estimate, The Scotts Miracle-Gro Company’s year-ago sales were $493.6M, an estimated decrease of -31.90% from the year-ago figure.
A total of 9 analysts have provided revenue estimates for SMG’s current fiscal year. The highest revenue estimate was $3.61B, while the lowest revenue estimate was $3.49B, resulting in an average revenue estimate of $3.52B. In the same quarter a year ago, actual revenue was $3.92B, down -10.20% from the average estimate. Based on 9 analysts’ estimates, the company’s revenue will be $3.6B in the next fiscal year. The high estimate is $3.73B and the low estimate is $3.39B. The average revenue growth estimate for next year is up 2.20% from the average revenue estimate for this year.