Scotts Miracle-Gro Sees FY EPS Of $3.75 To $3.95

(RTTNews) - The Scotts Miracle-Gro Co. (SMG), a marketer of branded consumer lawn and garden products, said it expects adjusted earnings per share of $3.75 to $3.95 in fiscal 2016. Analysts look for earnings of $3.88 per share.

For the fourth quarter, loss from continuing operations was $23.6 million, or $0.38 per share, compared with a loss of $14.9 million, or $0.24 per share, a year ago.

Adjusted loss from continuing operations was $0.12 per share, compared with a loss of $0.18 per share a year ago. On average, six analysts polled by Thomson Reuters expected a loss of $0.16 per share for the quarter. Analysts' estimates typically exclude special items.

Company-wide net sales increased 6 percent to $483.2 million from $454.3 million last year. Organic volume contributed 2 points of growth, acquisitions added another 7 points and foreign exchange rates had a negative impact of 3 points. Analysts expected revenues of $476.53 million.