Are Smart Investors Making the Right Decision? Scotts Miracle-Gro Company (SMG)

With 0.59 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.82 million shares. During the session, the Agricultural Inputs company that operates in wider Basic Materials sector, reached to the highest price of $86.465 whereas the lowest price it dropped to was $84.6575. The 52-week range on SMG shows that it touched its highest point at $88.35 and its lowest point at $43.67 during that stretch. It currently has a 1-year price target of $82.00. With its current market cap of 4.91 billion, SMG has annualized dividend of $2.64 while the current yield stands at 3.06%. Beta for the stock currently stands at 1.76.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of SMG was up-trending over the past week, with a rise of 3.61%, but this was up by 29.96% over a month. Three-month performance surged to 39.24% while six-month performance rose 24.38%. The stock gained 77.57% in the past year, while it has gained 35.48% so far this year. A look at the trailing 12-month EPS for SMG yields -4.73 with Next year EPS estimates of 3.75. For the next quarter, that number is -1.95. This implies an EPS growth rate of 115.35% for this year and 43.92% for next year.

Float and Shares Shorts:

At present, 56.50 million SMG shares are outstanding with a float of 42.73 million shares on hand for trading. On 2024-09-30, short shares totaled 5.0 million, which was 879.9999999999999 higher than short shares on 1724976000. In addition to Mr. James S. Hagedorn as the firm’s President, CEO & Chairman of the Board, Mr. Matthew E. Garth serves as its Executive VP, CFO & Chief Administrative Officer.

Institutional Ownership:

Through their ownership of 0.82846 of SMG’s outstanding shares, institutional investors have minority control over the company.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-06-29, SMG reported revenue of $1202200000.0 and operating income of $199300000.0. The EBITDA in the recently reported quarter was $241400000.0 and diluted EPS was $2.28.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for SMG since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.