Revenue Update on Scotts Miracle-Gro Co(NYSE:SMG)

Scotts Miracle-Gro Co(NYSE:SMG) announced the earnings results for Fiscal Year 2016 and Q3. The results came in during Pre-market on Aug 3, 2016. Company reported revenue of $994.10M. Analysts estimated a revenue of $1.08B. Earnings per share were $2.16. Analysts had estimated an EPS of $2.13.

Scotts Miracle-Gro Co (SMG) made into the market gainers list on Fridays trading session with the shares advancing 0.39% or 0.32 points. Due to strong positive momentum, the stock ended at $82.53, which is also near the day’s high of $83.26. The stock began the session at $82.17 and the volume stood at 5,09,528 shares. The 52-week high of the shares is $83.26 and the 52 week low is $58.83. The company has a current market capitalization of $5,002 M and it has 6,06,06,902 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On May 13, 2016, James Hagedorn (Chairman and CEO) sold 44,630 shares at $66.90 per share price.Also, On Mar 16, 2016, Stephen L Johnson (director) sold 1,900 shares at $73.66 per share price.On Mar 15, 2016, Thomas Randal Coleman (EVP and CFO) sold 894 shares at $73.45 per share price, according to the Form-4 filing with the securities and exchange commission.

The Scotts Miracle-Gro Company (Scotts Miracle-Gro) is a manufacturer and marketer of branded consumer lawn and gardens products. The Company’s segments include Global Consumer which manufactures and markets consumer lawn and gardens products including lawn care Gardening and Landscape and Home Protection and Scotts LawnService which provides residential and commercial lawn care tree and shrub care and limited pest control services in the United States through periodic applications of fertilizer and control products. The Company sells its consumer products primarily to home centers mass merchandisers warehouse clubs large hardware chains independent hardware stores nurseries garden centers and food and drug stores through both a direct sales force and its network of brokers and distributors. The primary distribution centers for the Company’s Global Consumer business internationally are located in the United Kingdom France Germany Austria and Australia.

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