Scotts Miracle-Gro: Encouraging Update Boosts Credibility (Rating Upgrade) [Seeking Alpha]
Scotts Miracle-Gro Company (The) (SMG)
Last scotts miracle-gro company (the) earnings: 1/29 07:00 am
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US:NYSE Investor Relations:
phx.corporate-ir.net/phoenix.zhtml?c=98364&p=irol-irhome_pf
Company Research
Source: Seeking Alpha
The company's operational update shows impressive sales growth despite difficult industry conditions, suggesting a durable recovery. SMG's balance sheet and debt reduction efforts are improving, positioning the company for future growth and upside surprises. Shares of Scotts Miracle-Gro ( NYSE: SMG ) have been a roller coaster this year, trading basically flat over the past 12 months, but they are up about 2/3 from their low. Back in January , I downgraded Scotts to a "hold" from a "buy" as I did not view remaining upside to $72 as particularly compelling given its significant debt load and execution risk; plus after a 60% rally, I did not want to be greedy. In hindsight, this proved excessively cautious as shares have rallied 22%, ahead of the S&P's 9% return, even topping my optimistic price target. Given this performance and its operational update, we should revisit shares. I am returning to the bullish camp. On April 4th , SMG provided an update to guidance for Q2 ahead of
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SMG
News
- Global Organic Fertilizers Market Size To Exceed USD 19.5 Billion By 2033 | CAGR Of 7.01% [Yahoo! Finance]Yahoo! Finance
- The Scotts Miracle-Gro Company Announces Quarterly Dividend PaymentGlobeNewswire
- ScottsMiracle-Gro Partners with Central Ohio Beekeepers Association to Establish Apiary at Corporate Headquarters [Yahoo! Finance]Yahoo! Finance
- ScottsMiracle-Gro Partners with Central Ohio Beekeepers Association to Establish Apiary at Corporate HeadquartersGlobeNewswire
- ScottsMiracle-Gro Announces Timing of Second Quarter 2024 Financial Results and WebcastGlobeNewswire
SMG
Earnings
- 2/7/24 - Beat
SMG
Sec Filings
- 4/9/24 - Form 4
- 4/9/24 - Form 4
- 4/9/24 - Form 4
- SMG's page on the SEC website