BGB Securities Comments On Scotts Miracle-Gro (SMG)

BGB Securities provided color on Scotts Miracle-Gro SMG in a research report published today. BGB Securities has previously given Scotts Miracle-Gro a Buy rating and $75 price target. In the report, BGB Securities states, " It seems that almost everything is going well at SMG this year—except for the weather. Despite the harsh headwind from the weather, the company did have a strong 2Q, with adj. EPS of $2.22, up from $1.71 last year, beating our $2.07 estimate. Revenue of $1.130 billion, up 7.5% YoY from $1.051 billion, also beat our revenue estimate of $1.102 billion." Shares of Scotts Miracle-Gro were trading at $56.96 at the time of posting, down 0.23% from Tuesday's market close.