Scotts Miracle-Gro Company (The) (NYSE:SMG) Given Price Target Of $79.5


As per Scotts Miracle-Gro Company (The) (NYSE:SMG)’s news release on 2016-08-03, its shareholders will get cash dividend of $0.5 per share. The recent press release updated on the record date and payout date, which stands at 2016-08-26 and 2016-09-09, respectively.

The stock will commence trading ex-dividend from 2016-08-24, until, which the shareholders are compelled to keep the holdings so as to qualify for the dividend. Evaluating the dividend distribution mode, it was noted that last year Scotts Miracle-Gro Company (The) (NYSE:SMG) disbursed $0.5 in dividend compared to distribution of $0.5, a year ago.

It highlights a sharp difference in cash payouts of the two years. This shows a major deviation of -51.6279%.

Analyst Perspective

The sell-side market professionals who track the firm’s financial and technical parameters have estimated Scotts Miracle-Gro Company (The) (NYSE:SMG) to attain a price target of $79.5. It is an average estimate figure given by 2 analysts tracking the stock. The estimates disclosed that the stock can move up on the chart and hit a high of $85. The low price range is set at $74 for next year while the arithmetic mean is seen at 2.5.

Eyeing Earnings Scotts Miracle-Gro Company (The) (NYSE:SMG) is likely to post quarterly numbers around 2016-11-01 for the quarter ending 2016-09-30. The quarterly EPS projection is set at $-0.24 for the period ending on 2016-09-30.

In last quarter ended 2015-09-30, Scotts Miracle-Gro Company (The) (NYSE:SMG) earnings came at $2.16 suggesting a deviation of $0.08. The brokerages targeted EPS of $2.08 for the quarter.

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