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Stock Market & Financial Investment News

News Breaks
December 14, 2012
13:04 EDTSMGScotts Miracle-Gro sees about $20M in commodity inflation in FY13
With more than two thirds of its commodity costs now locked for the year - including about 90% of urea -- the company said it expects approximately $20M in commodity inflation in FY13, primarily due to higher-cost inventory carried into the fiscal year. Offsetting this headwind, the company said it will increase prices in the low single digits and that it expects a benefit of approximately $15M-$20M in savings related to its product cost-out initiatives.
News For SMG From The Last 14 Days
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August 4, 2015
07:30 EDTSMGScotts Miracle-Gro backs FY15 EPS view of $3.40-$3.60, consensus $3.44
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07:28 EDTSMGScotts Miracle-Gro reports Q3 adjusted EPS $2.68, consensus $2.55
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August 3, 2015
16:41 EDTSMGScotts Miracle-Gro increases quarterly dividend 4%
The Scotts Miracle-Gro Company announced that its board has approved an increase of the company's quarterly dividend payment to shareholders. The quarterly payment will increase 4% to 47c per share. The Q4 dividend is payable on Thursday, September 10 to shareholders of record as of Thursday, August 27.
July 28, 2015
09:20 EDTSMGScotts Miracle-Gro should be bought at current levels, says SunTrust
SunTrust expects Scotts-Miracle to report weaker than expected Q2 results and provide weaker than expected full-year guidance, due to recall and weather issues. However, the firm thinks that investors will quickly shift their focus to fiscal 2016, when it believes the company will benefit from easier comps, favorable commodities, and higher than expected earnings.

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