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These unusual restrictions on legal marijuana show that the U.S. cannabis industry has a long way to go before becoming fully accepted.
The Scotts Miracle-Gro Company (SMG), the world’s largest marketer of branded consumer lawn and garden products, will release its third quarter financial results on Tuesday, July 31, 2018, following the closing of the U.S. financial markets. The Company will host a conference call to discuss those results at 4:30 p.m. ET. A live webcast of the call and the press release will be available on Company’s investor relations website at http://investor.scotts.com. An archive of the press release and any accompanying information will remain available for at least a 12-month period.
Second quarter earnings season will be tricky for investors to decode. On the one hand, the raw numbers from Corporate America are likely to look impressive. Profit margins are forecast to expand by 88 basis points to an all-time high of 10.9% says strategists at Goldman Sachs, aided by a 14 percentage point reduction in the statutory corporate tax rate.
Scotts Miracle-Gro (SMG) continues to have a lackluster year following its weak earnings results and analysts’ downgrades. In the above chart, we can see that SMG’s price target has consistently been revised downward since October 2017. The current consensus price target for the stock is $93, which would be an upside of 11% from the closing of $83.70 on July 3.
Marijuana definitely looks set to boom. California has already legalized recreational pot use, while Canada and New Jersey appear to be poised to allow it. For example, Trump could get impeached or resign, leaving the more traditional conservative, Mike Pence, who has been very much opposed to pot use in the past, in charge of the executive branch.
Much of the research that does exist on cannabis shows extremely promising results for medicinal effects, but much presumed knowledge people have of marijuana is based on hearsay. Take the terms indica and sativa, for example. How much do we actually know about what makes a strain of marijuana an indica and what makes another a sativa?
California’s move to open up its cannabis market to recreational users has had an unexpected result: A growing segment of the industry may be moving back into the shadows. Thousands of manufacturers, growers and retailers have lost their licenses amid tighter regulations on marijuana and more oversight from local authorities, some of which aren’t too keen on the plant. “Industry insiders have been referring to this as the moment of reckoning,” said Kenny Morrison, president of the California Cannabis Manufacturers Association.
First-of-its-kind campaign will provide home gardeners with tips on protecting honey bees and native pollinators. MARYSVILLE, Ohio, June 27, 2018 (GLOBE NEWSWIRE) -- To help home gardeners protect honey bees and other native pollinators Ortho®, a leading brand in lawn and garden, today announced a first-of-its-kind consumer education campaign with the Pollinator Stewardship Council. Titled “Bee Responsible,” the campaign shares tips for responsible pesticide use, including when and how to apply garden control products to avoid pollinators.
WallstEquities.com renavigates the Agricultural Chemicals space, which is a large and highly regulated sub-industry under the chemicals industry. Agrichemicals include a broad range of pesticides, herbicides, insecticides and fungicides, as well as synthetic fertilizers, hormones and other chemical growth agents. In this morning's lineup are these four stocks: The Scotts Miracle-Gro Co. (NYSE: SMG), Nutrien Ltd (NYSE: NTR), SenesTech Inc. (NASDAQ: SNES), and The Mosaic Co. (NYSE: MOS).
The tailwinds for Scotts Miracle-Gro Co (NYSE: SMG ) do not appear to outweigh the company's coming headwinds, according to Raymond James. The Analyst Raymond James analyst Joseph Altobello downgraded ...
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The world's top lithium producer, a biotech just hitting its stride, and America's top consumer lawn care specialist should be enticing for growth-seeking investors.
As the debate of legalizing marijuana continues to rage on, the difference between key compounds CBD and THC in cannabis is becoming increasingly important. You may have heard of cannabidiol oil (thanks to novelty products like CBD dog treats and vapes), but when talking about legal marijuana, it's important to note key distinctions. Despite varying public feeling on marijuana, these two separate compounds (CBD vs. THC) have very specific uses, most notably in the medical sphere.
For fiscal 2018, Scotts Miracle-Gro (SMG) expects adjusted earnings in the range of $3.70-$3.90 per share, including dilution associated with the Sunlight transaction.
Scotts Miracle-Gro Co. was downgraded to underperform from market perform at Raymond James on concerns that expectations are too high to overcome near-term challenges. Pricing, volumes and other factors are not expected to offset those headwinds. "[W]e should note that all of the year-over-year improvement relates to Scotts Miracle-Gro's recent acquisition of the Sunlight Supply hydroponics business, which is expected to be dilutive this year and accretive next," wrote Joseph Altobello in a note.
Scotts Miracle-Gro Co. (smg) was downgraded to underperform from market perform at Raymond James on concerns that expectations are too high to overcome near-term challenges. "[W]e should note that all of the year-over-year improvement relates to Scotts Miracle-Gro's recent acquisition of the Sunlight Supply hydroponics business, which is expected to be dilutive this year and accretive next," wrote Joseph Altobello in a note. "Conversely, we expect no meaningful base profitability improvement next year for the combined U.S. Consumer and legacy Hawthorne hydroponics businesses." Scotts Miracle-Gro shares are down 0.2% in Wednesday premarket trading, and down nearly 23% for 2018 so far.
NEW YORK, June 15, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Canopy ...
Scotts Miracle-Gro Co. posted its best-ever May sales of lawn and garden products, but still lowered revenue projections for the full year.