The price of Scotts Miracle-Gro Company (NYSE: SMG) closed at $65.60 in the last session, down -1.28% from day before closing price of $66.45. In other words, the price has decreased by -$0.85 from its previous closing price. On the day, 733472 shares were traded.
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Ratios:
We take a closer look at SMG’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 357.58 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 7.18. For the most recent quarter (mrq), Quick Ratio is recorded 0.67 and its Current Ratio is at 2.20.
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.
On July 11, 2023, Truist Upgraded its rating to Buy which previously was Hold and also upped its target price recommendation from $65 to $80.
JP Morgan Upgraded its Neutral to Overweight on May 08, 2023, while the target price for the stock was maintained at $80.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Mar 04 ’24 when Hagedorn Partnership, L.P. sold 86,356 shares for $65.41 per share. The transaction valued at 5,648,846 led to the insider holds 13,777,012 shares of the business.
Hagedorn Partnership, L.P. sold 15,000 shares of SMG for $876,000 on Feb 23 ’24. The 10% Owner now owns 13,881,368 shares after completing the transaction at $58.40 per share. On Feb 20 ’24, another insider, Johnson Stephen L, who serves as the Director of the company, sold 1,394 shares for $57.35 each. As a result, the insider received 79,940 and left with 22,918 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 3.72B and an Enterprise Value of 6.73B. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.08. Its current Enterprise Value per Revenue stands at 1.96 whereas that against EBITDA is -32.43.
Stock Price History:
Over the past 52 weeks, SMG has reached a high of $78.25, while it has fallen to a 52-week low of $43.67. The 50-Day Moving Average of the stock is 60.24, while the 200-Day Moving Average is calculated to be 57.80.
Shares Statistics:
According to the various share statistics, SMG traded on average about 747.05K shares per day over the past 3-months and 905.08k shares per day over the past 10 days. A total of 56.50M shares are outstanding, with a floating share count of 42.25M. Insiders hold about 25.48% of the company’s shares, while institutions hold 75.73% stake in the company. Shares short for SMG as of Feb 29, 2024 were 4.74M with a Short Ratio of 6.34, compared to 3.92M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 8.36% and a Short% of Float of 11.18%.
Dividends & Splits
The forward annual dividend rate for SMG is 2.64, which was 2.64 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 3.97%, it implies a Forward Annual Dividend Yield of 4.02%. The stock’s 5-year Average Dividend Yield is 2.71.
Earnings Estimates
The company has 6 analysts who recommend its stock at the moment. On average, analysts expect EPS of $3.19 for the current quarter, with a high estimate of $3.39 and a low estimate of $3, while EPS last year was $3.78. The consensus estimate for the next quarter is $2.23, with high estimates of $2.67 and low estimates of $1.82.
Analysts are recommending an EPS of between $3.11 and $2.5 for the fiscal current year, implying an average EPS of $2.69. EPS for the following year is $3.68, with 8 analysts recommending between $4.47 and $2.67.
Revenue Estimates
A total of 7 analysts have provided revenue estimates for SMG’s current fiscal year. The highest revenue estimate was $3.73B, while the lowest revenue estimate was $3.47B, resulting in an average revenue estimate of $3.62B. In the same quarter a year ago, actual revenue was $3.55B, up 1.80% from the average estimate. Based on 7 analysts’ estimates, the company’s revenue will be $3.71B in the next fiscal year. The high estimate is $3.86B and the low estimate is $3.54B. The average revenue growth estimate for next year is up 2.70% from the average revenue estimate for this year.
