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In the latest session, Scotts Miracle-Gro Company (NYSE: SMG) closed at $66.35 down -0.97% from its previous closing price of $67.00. In other words, the price has decreased by -$0.97 from its previous closing price. On the day, 0.56 million shares were traded. SMG stock price reached its highest trading level at $67.3 during the session, while it also had its lowest trading level at $65.45.
Ratios:
For a deeper understanding of 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 13.47 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 3.78. For the most recent quarter (mrq), Quick Ratio is recorded 1.09 and its Current Ratio is at 1.80.
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, Truist on April 05, 2024, Downgraded its rating to Hold and sets its target price to $75 from $65 previously.
Stifel Downgraded its Buy to Hold on July 13, 2023, whereas the target price for the stock was revised from $78 to $72.
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 Aug 21 ’24 when Baxter Nathan Eric sold 2,988 shares for $70.93 per share. The transaction valued at 211,931 led to the insider holds 37,920 shares of the business.
Baxter Nathan Eric sold 928 shares of SMG for $65,490 on Aug 22 ’24. The EVP and COO now owns 36,993 shares after completing the transaction at $70.57 per share. On Aug 21 ’24, another insider, Hagedorn Partnership, L.P., who serves as the 10% Owner of the company, sold 85,130 shares for $70.93 each. As a result, the insider received 6,038,041 and left with 13,608,238 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 3807010304 and an Enterprise Value of 6271479808. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.07. Its current Enterprise Value per Revenue stands at 1.785 whereas that against EBITDA is 14.565.
Stock Price History:
Over the past 52 weeks, SMG has reached a high of $82.11, while it has fallen to a 52-week low of $43.67. The 50-Day Moving Average of the stock is -3.44%, while the 200-Day Moving Average is calculated to be 1.30%.
Shares Statistics:
For the past three months, SMG has traded an average of 874.15K shares per day and 552440 over the past ten days. A total of 56.50M shares are outstanding, with a floating share count of 42.73M. Insiders hold about 24.80% of the company’s shares, while institutions hold 83.06% stake in the company. Shares short for SMG as of 1723680000 were 5811168 with a Short Ratio of 6.65, compared to 1721001600 on 6405596. Therefore, it implies a Short% of Shares Outstanding of 5811168 and a Short% of Float of 13.669999999999998.
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 0.039402988The stock’s 5-year Average Dividend Yield is 2.85.
Earnings Estimates
Current recommendations for the stock of the company come from 7.0 analysts. The consensus estimate for the next quarter is -$1.18, with high estimates of -$1.03 and low estimates of -$1.3.
Analysts are recommending an EPS of between $3.58 and $2.5 for the fiscal current year, implying an average EPS of $2.7. EPS for the following year is $3.75, with 9.0 analysts recommending between $4.1 and $3.25.
Revenue Estimates
A total of 7 analysts believe the company’s revenue will be $399.78M this quarter.It ranges from a high estimate of $434M to a low estimate of $365.5M. As of the current estimate, Scotts Miracle-Gro Company’s year-ago sales were $374.5MFor the next quarter, 7 analysts are estimating revenue of $408.08M. There is a high estimate of $422.48M for the next quarter, whereas the lowest estimate is $373.62M.
A total of 8 analysts have provided revenue estimates for SMG’s current fiscal year. The highest revenue estimate was $3.57B, while the lowest revenue estimate was $3.5B, resulting in an average revenue estimate of $3.54B. In the same quarter a year ago, actual revenue was $3.55BBased on 8 analysts’ estimates, the company’s revenue will be $3.61B in the next fiscal year. The high estimate is $3.72B and the low estimate is $3.57B.
