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Last $60.39 USD
Change Today -0.05 / -0.08%
Volume 349.6K
SMG On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 8:04 PM 07/31/15 All times are local (Market data is delayed by at least 15 minutes).

scotts miracle-gro co-cl a (SMG) Snapshot

Open
$60.50
Previous Close
$60.44
Day High
$60.93
Day Low
$60.19
52 Week High
03/18/15 - $69.27
52 Week Low
08/1/14 - $50.66
Market Cap
3.7B
Average Volume 10 Days
198.9K
EPS TTM
$3.18
Shares Outstanding
61.3M
EX-Date
05/22/15
P/E TM
19.0x
Dividend
$1.80
Dividend Yield
6.29%
Current Stock Chart for SCOTTS MIRACLE-GRO CO-CL A (SMG)

scotts miracle-gro co-cl a (SMG) Related Businessweek News

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scotts miracle-gro co-cl a (SMG) Details

The Scotts Miracle-Gro Company manufactures, markets, and sells consumer lawn and garden care products worldwide. The company’s Global Consumer segment provides lawn care products, such as lawn fertilizers, grass seed products, spreaders, and other durable products, as well as lawn-related weed, pest, and disease control products; gardening and landscape products, including a line of water soluble and continuous-release plant foods, potting mixes, garden soils, mulch and decorative groundcover products, landscape weed prevention products, plant-related pest and disease control products, organic garden products, and live goods and seeding solutions; and insect and rodent control products, and selective and non-selective weed control products that are used for home protection and external home area maintenance. This segment offers its products primarily under the Scotts, Turf Builder, EZ Seed, Water Smart, PatchMaster, EverGreen, Fertiligène, Substral, Miracle-Gro Patch Magic, Weedol, Pathclear, KB, Celaflor, EdgeGuard, Snap, Handy Green II, OxiClean, Miracle-Gro, Osmocote, Hyponex, Earthgro, SuperSoil, Ortho, Miracle-Gro Organic Choice, Nature's Care, Whitney Farms, Substral, ASEF, Scotts EcoSense, Naturen, Tomcat, Roundup, Groundclear, Nexa Lotte, and Home Defence brands. Its Scotts LawnService segment provides residential and commercial lawn care, tree and shrub care, and pest control services through the periodic applications of fertilizer and control products. As of September 30, 2014, this segment had 84 company-operated locations; and 95 independent franchisees operated locations. The company primarily offers its products to home centers, mass merchandisers, warehouse clubs, large hardware chains, independent hardware stores, nurseries, garden centers, and food and drug stores through a direct sales force and network of brokers and distributors. The Scotts Miracle-Gro Company was founded in 1868 and is headquartered in Marysville, Ohio.

6,700 Employees
Last Reported Date: 11/25/14
Founded in 1868

scotts miracle-gro co-cl a (SMG) Top Compensated Officers

Executive Chairman and Chief Executive Office...
Total Annual Compensation: $1.5M
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $496.8K
Chief Operating Officer and Executive Vice Pr...
Total Annual Compensation: $600.0K
Chief Ethics Officer and Executive Vice Presi...
Total Annual Compensation: $536.8K
Compensation as of Fiscal Year 2014.

scotts miracle-gro co-cl a (SMG) Key Developments

Monsanto Company and The Scotts Miracle-Gro Company Expand Long-Standing Partnership

Monsanto Company and The Scotts Miracle-Gro Company announced the two companies have extended their nearly two-decade long partnership in the lawn and garden consumer market. As part of the extension, Monsanto also renewed and expanded the terms of its marketing agreement with Scotts and provided preferred access to Monsanto’s R&D pipeline for lawn and garden. Under the agreement, Scotts will pay Monsanto a one-time upfront payment of $300 million in exchange for a Roundup® brand license, extended agency agreement and technology agreement.

The Scotts Miracle-Gro Company Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended March 28, 2015; Re-Affirms Earnings Guidance for the Fiscal Year 2015

The Scotts Miracle-Gro Company reported unaudited consolidated earnings results for the second quarter and six months ended March 28, 2015. For the quarter, the company reported net sales of $1,102.3 million compared to $1,081.0 million a year ago. Income from operations was $209.3 million compared to $217.1 million a year ago. Income from continuing operations before income taxes was $194.3 million compared to $194.4 million a year ago. Net income was $124.3 million or $2.01 per diluted share compared to $125.7 million or $2.00 per diluted share a year ago. Adjusted EBITDA was $232.7 million compared to $233.3 million a year ago. Adjusted income attributable to controlling interest from continuing operations for the second quarter was $127.9 million, or $2.06 per share, compared with $136.7 million, or $2.17 per share. For the six months period, the company reported net sales of $1,318.5 million compared to $1,270.6 million a year ago. The year-over-year change was attributable to a 4% increase in the Global Consumer segment to $1.23 billion, largely due to acquisitions and organic sales volume, partially offset by currency changes. Income from operations was $103.3 million compared to $127.4 million a year ago. Income from continuing operations before income taxes was $78.6 million compared to $90.8 million a year ago. Net income was $50.3 million or $0.81 per diluted share compared to $60.0 million or $0.95 per diluted share a year ago. Adjusted EBITDA was $142.5 million compared to $159.7 million a year ago. Adjusted income from continuing operations was $59.4 million, or $0.96 per share, compared with $71.1 million, or $1.13 per share for the same period a year ago. Those results exclude impairment, restructuring and other charges, as well as one-time costs related to financing. The company re-affirms fiscal year 2015 full-year adjusted earnings guidance of $3.40 to $3.60 per share. The company expects 4% to 5% sales growth for the full year 2015. The company expects 3% to 4% growth in SG&A, primarily from acquisitions.

The Scotts Miracle-Gro Company Approves Cash Dividend, Payable on June 10, 2015

The Scotts Miracle-Gro Company announced that its Board of Directors has approved the payment of a cash dividend of $0.45 per share. The dividend is payable June 10, 2015, to shareholders of record on May 27, 2015.

 

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Industry Analysis

SMG

Industry Average

Valuation SMG Industry Range
Price/Earnings 24.1x
Price/Sales 1.3x
Price/Book 6.6x
Price/Cash Flow 23.5x
TEV/Sales 0.7x
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