The Scotts Miracle-Gro Company (NYSE:SMG) is reporting third quarter financial results on Wednesday 29th July 2020, before market open.
According to analysts surveyed by Thomson Reuters, SMG is expected to report 3Q20 income of $ 3.37 per share from revenue of $ 1305.53 million.
For the full year, analysts anticipate top line of $ 3662.49 million, while looking forward to income of $ 5.79 per share bottom line.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 3.66 billion ~ $ 3.72 billion, where as bottomline are predicted in a range of $ 5.65 ~ $ 5.85 per share
Click Here For More Historical Outlooks Of The Scotts Miracle-Gro Company
Previous Quarter Performance
The Scotts Miracle-Gro Company came out with income for the second quarter of $ 4.50 per share, from the revenue of $ 1,383.00 million. The quarterly earnings increased 23.63 percent compared with the same quarter last year. Street analysts expected The Scotts Miracle-Gro Company to report income of $ 4.19 per share on revenue of $ 1335.34 million for the second quarter. The bottom line results beat street analysts by $ 0.31 or 7.40 percent, at the same time, top line results outshined analysts by $ 47.66 million or 3.57 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of SMG was $ 145.43, representing a 90.10 % increase from the 52 week low of $ 76.50 and a 3.71 % decrease over the 52 week high of $ 151.03.
The company has a market capital of $ 8.07 billion and is part of the Basic Materials sector and Agricultural Inputs industry.
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Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.58 per share on April 27, 2020. The dividend were payable on June 10, 2020 to holders of record as of the close of business on May 27, 2020 and ex-dividend date on May 26, 2020.
Conference Call
The Scotts Miracle-Gro Company will be hosting a conference call at 9:00 AM eastern time on 29th July 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.scotts.com
The Scotts Miracle-Gro Company manufactures, markets, and sells consumer lawn and garden products in the United States and internationally. The company operates through three segments: U.S. Consumer, Hawthorne, and Other.
