With 4.61 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.64 million shares. During the session, the Agricultural Inputs company that operates in wider Basic Materials sector, reached to the highest price of $85.175 whereas the lowest price it dropped to was $72.0701. The 52-week range on SMG shows that it touched its highest point at $93.90 and its lowest point at $48.29 during that stretch. It currently has a 1-year price target of $87.17. With its current market cap of 4.22 billion, SMG has annualized dividend of $2.64 while the current yield stands at 3.55%. 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 down-trending over the past week, with a drop of -16.11%, but this was down by -12.91% over a month. Three-month performance surged to 4.91% while six-month performance rose 11.65%. The stock gained 40.17% in the past year, while it has gained 16.53% so far this year. A look at the trailing 12-month EPS for SMG yields -4.73 with Next year EPS estimates of 4.68. For the next quarter, that number is -1.24. This implies an EPS growth rate of 62.41% for this year and 25.80% 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 2024-10-15, short shares totaled 5.25 million, which was 924.0 higher than short shares on 1726185600. 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 0.83015 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 4 analysts follow the stock currently. There are 2 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 2 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With SMG analysts setting a high price target of 95.0 and a low target of 81.0, the average target price over the next 12 months is 87.6. Based on these targets, SMG could surge 27.88% to reach the target high and rise by 9.03% to reach the target low. Reaching the average price target will result in a growth of 17.92% from current levels.
Analysts have provided yearly estimates in a range of $2.67382 being high and $2.47576 being low. For SMG, this leads to a yearly average estimate of $2.5946. The surprise factor in the prior quarter was $3.4. Based on analyst estimates, the high estimate for the next quarter is -$1.17 and the low estimate is -$1.3. The average estimate for the next quarter is thus -$1.23.
