Tag Archive : SMG

Eye Catching Stock News: The Scotts Miracle-Gro Company (NYSE:SMG)

The Scotts Miracle-Gro Company (NYSE:SMG) spotted trading -21.51% off 52-week high price. On the other end, the stock has been noted 29.96% away from the low price over the last 52-weeks. The stock changed 6.18% to recent value of $98.65. The stock transacted 663634 shares during most recent day however it has an average volume of 425.91K shares. The company has 62.38M of outstanding shares and 39.86M shares were floated in the market.

On March 12, 2020, The Scotts Miracle-Gro Company (NYSE:SMG) declared the expiration and results of its previously announced registered exchange offer to exchange any and all of its $450,000,000 aggregate principal amount of 4.500% Senior Notes due 2029, which were issued in a private placement on October 22, 2019  (the Original Notes), for an equal principal amount of its 4.500% Senior Notes due 2029, which have been registered under the Securities Act of 1933, as amended (the Exchange Notes).

The exchange offer expired at 11:59 p.m., New York City time, on March 11, 2020.  As of that time, $411,093,000 aggregate principal amount, or 91.4%, of the Original Notes had been validly tendered for exchange and not validly withdrawn.  All of the Original Notes validly tendered and not validly withdrawn were accepted for exchange in the exchange offer.  The Company expects that settlement of the exchange offer will occur on or about March 13, 2020.

The exchange offer was made to satisfy the Company’s obligations under a registration rights agreement entered into on October 22, 2019 in connection with the issuance of the Original Notes, and does not represent a new financing transaction.  The exchange offer was made upon the terms and conditions set forth in the exchange offer documents distributed to holders of the Original Notes, including a prospectus dated January 10, 2020 and the related letter of transmittal.

Its earnings per share (EPS) expected to touch remained 415.60% for this year while earning per share for the next 5-years is expected to reach at 9.90%. SMG has a gross margin of 32.40% and an operating margin of 13.40% while its profit margin remained 14.50% for the last 12 months.

According to the most recent quarter its current ratio was 2.2 that represents company’s ability to meet its current financial obligations. The price moved ahead of -14.43% from the mean of 20 days, -13.41% from mean of 50 days SMA and performed -6.12% from mean of 200 days price. Company’s performance for the week was -16.24%, -17.14% for month and YTD performance remained -7.09%.