<div id="readability-page-1"><p>Scotts Miracle-Gro (NYSE:SMG - Get Free Report) released its earnings results on Wednesday. The basic materials company reported ($0.77) earnings per share for the quarter, topping analysts' consensus estimates of ($0.97) by $0.20, FiscalAI reports. The company had revenue of $354.40 million during the quarter, compared to the consensus estimate of $353.25 million. Scotts Miracle-Gro had a negative return on equity of 67.74% and a net margin of 4.26%.Scotts Miracle-Gro's quarterly revenue was down 3.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.89) EPS.</p><div><p><span></span><span>Get <strong>Scotts Miracle-Gro</strong> alerts:</span></p></div><h2>Scotts Miracle-Gro Trading Down 4.1%</h2><ul><li>Why Analysts Still Predict Double-Digit Upside for Mosaic Stock</li></ul><p>NYSE:SMG opened at $60.63 on Wednesday. The company has a market cap of $3.52 billion, a P/E ratio of 24.88 and a beta of 1.95. Scotts Miracle-Gro has a twelve month low of $45.61 and a twelve month high of $79.11. The company's 50-day moving average price is $58.45 and its 200-day moving average price is $59.36. </p><h2>Scotts Miracle-Gro Announces Dividend</h2><p>The company also recently declared a quarterly dividend, which will be paid on Friday, March 6th. Stockholders of record on Friday, February 20th will be paid a $0.66 dividend. The ex-dividend date of this dividend is Friday, February 20th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 4.4%. Scotts Miracle-Gro's payout ratio is currently 109.09%. </p><h2>Analysts Set New Price Targets</h2><ul><li>ScottsMiracle-Gro Stock Blooms After Investor Day Optimism </li></ul><p>SMG has been the subject of a number of research analyst reports. Weiss Ratings  restated a &#34;hold (c-)&#34; rating on shares of Scotts Miracle-Gro in a research note on Wednesday, January 21st. UBS Group lifted their price target on shares of Scotts Miracle-Gro from $61.00 to $66.00 and gave the stock a &#34;neutral&#34; rating in a research note on Wednesday, January 14th. Jefferies Financial Group boosted their price objective on Scotts Miracle-Gro from $71.00 to $74.00 and gave the company a &#34;buy&#34; rating in a research note on Wednesday, November 5th. Stifel Nicolaus  set a $70.00 target price on shares of Scotts Miracle-Gro and gave the stock a &#34;buy&#34; rating in a report on Thursday, November 6th. Finally, Wall Street Zen lowered shares of Scotts Miracle-Gro from a &#34;buy&#34; rating to a &#34;hold&#34; rating in a research report on Saturday, October 25th. Five investment analysts have rated the stock with a Buy rating and three have assigned  a Hold rating to the stock. Based on data from MarketBeat, Scotts Miracle-Gro presently has a consensus rating of &#34;Moderate Buy&#34; and an average target price of $70.33.</p><p><b>Check Out Our Latest Analysis on Scotts Miracle-Gro</b></p><h2>Institutional Trading of Scotts Miracle-Gro</h2><ul><li>CF Industries stock leaves competitors in the dust</li></ul><p>Several institutional investors have recently made changes to their positions in SMG. Empowered Funds LLC raised its position in  Scotts Miracle-Gro by 26.3% in the first quarter. Empowered Funds LLC now owns 7,524 shares of the basic materials company's stock valued at $413,000 after purchasing an additional 1,569 shares during the period.  UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of  Scotts Miracle-Gro by 18.5% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 149,882 shares of the basic materials company's stock worth $8,227,000 after purchasing an additional 23,446 shares during the last quarter.  Prudential Financial Inc. boosted its position in shares of  Scotts Miracle-Gro by 34.6% during the 2nd quarter. Prudential Financial Inc. now owns 4,745 shares of the basic materials company's stock worth $342,000 after acquiring an additional 1,219 shares in the last quarter.  Invesco Ltd. increased its stake in  Scotts Miracle-Gro by 71.2% in the second quarter. Invesco Ltd. now owns 247,749 shares of the basic materials company's stock valued at $16,342,000 after purchasing an additional 102,997 shares during the last quarter.  Finally, Baird Financial Group Inc. purchased a new position in shares of  Scotts Miracle-Gro in the 2nd quarter valued at $309,000. Hedge funds and other institutional investors own  74.07% of the company's stock. </p><h2>About Scotts Miracle-Gro</h2> (Get Free Report)<p>Scotts Miracle-Gro Company is a leading developer, manufacturer and distributor of consumer lawn and garden products. The firm serves both retail and professional customers through an array of branded offerings that include lawn fertilizers, grass seed, pest and disease control solutions, plant foods and specialty products for indoor and outdoor gardening. Its portfolio spans well-known names such as Scotts®, Miracle-Gro®, Ortho® and various hydroponic and specialty garden brands.  </p><p>Headquartered in Marysville, Ohio, the company traces its roots to O.M.</p><h2>Further Reading</h2><ul><li>Five stocks we like better than Scotts Miracle-Gro</li><li>America's Next Power Move Starts Underground</li><li>Your Signature Is Missing – Act Before It’s Too Late</li><li>NEW LAW: Congress Approves Setup For Digital Dollar?</li><li>Refund From 1933: Trump’s Reset May Create Instant Wealth</li><li>The biggest scam in the history of gold markets is unwinding</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/EarningsChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPVNNRw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="325" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/EarningsChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPVNNRw"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Scotts Miracle-Gro Right Now?</h2><p>Before you consider Scotts Miracle-Gro, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Scotts Miracle-Gro wasn't on the list.</p><p>While Scotts Miracle-Gro currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

FTAG

VEGI

<p>Scotts Miracle-Gro (NYSE:SMG) reported quarterly earnings of ($0.77) per share, surpassing analysts' expectations of ($0.97). The company generated revenue of $354.40 million, slightly above the forecast of $353.25 million, but experienced a 3.3% decline year-over-year. The firm declared a quarterly dividend of $0.66, with a yield of 4.4%. Analysts maintain a consensus rating of "Moderate Buy" with an average target price of $70.33. Institutional investors hold 74.07% of the company's stock, reflecting strong interest in the firm.</p>

Scotts Miracle-Gro (NYSE:SMG) Issues Quarterly Earnings Results