Raising Our Scotts Miracle Gro FVE to $88 on Increased 2019 Guidance; Shares Fairly Valued
On June 5, Scotts Miracle-Gro raised its fiscal 2019 guidance, with management now guiding to adjusted EPS of a range of $4.20-$4.40, up from the previous range of $4.10-$4.30. The increased guidance comes largely from the expectation for greater sales growth in the U.S. Consumer segment, partially offset by a mix shift to lower-margin items as management called out greater-than-expected mulch sales. Having updated our model to incorporate the increased outlook, we raise our Scotts Miracle-Gro f...Scotts Miracle-Gro is a manufacturer and marketer of consumer lawn and garden products in North America. The company's segments are: United States Consumer, which consists of the company's consumer lawn and garden business located in United States; Hawthorne, which consists of the company's indoor, urban and hydroponic gardening business; and Other, which consists of the company's consumer lawn and garden business in geographies other than the United States and the company's product sales to nurseries, greenhouses and other customers. The company manufactures, markets and sells lawn and garden products in the following categories: lawn care, gardening and landscape, hydroponics, and controls.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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