Scotts Miracle-Gro (NYSE:SMG) Releases FY 2026 Earnings Guidance

Scotts Miracle-Gro (NYSE:SMG) updated its FY 2026 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 4.150-4.350 for the period, compared to the consensus estimate of 4.280. The company issued revenue guidance of -, compared to the consensus revenue estimate of $3.3 billion.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on SMG. Stifel Nicolaus lifted their price target on Scotts Miracle-Gro from $70.00 to $79.00 and gave the stock a “buy” rating in a research note on Tuesday, March 3rd. Weiss Ratings reiterated a “hold (c-)” rating on shares of Scotts Miracle-Gro in a research report on Wednesday, January 21st. UBS Group set a $67.00 price objective on Scotts Miracle-Gro in a research report on Thursday, January 29th. Wells Fargo & Company cut their price objective on Scotts Miracle-Gro from $75.00 to $72.00 and set an “overweight” rating on the stock in a research report on Wednesday. Finally, JPMorgan Chase & Co. lowered Scotts Miracle-Gro from an “overweight” rating to a “neutral” rating and cut their price objective for the stock from $70.00 to $67.00 in a research report on Thursday, March 26th. Four research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $73.17.

Scotts Miracle-Gro Trading Down 0.2%

Shares of SMG stock traded down $0.12 during trading hours on Thursday, reaching $63.71. The company’s stock had a trading volume of 170,483 shares, compared to its average volume of 915,270. The stock has a market capitalization of $3.70 billion, a P/E ratio of 43.33 and a beta of 1.94. Scotts Miracle-Gro has a one year low of $45.61 and a one year high of $72.35. The firm’s fifty day simple moving average is $65.50 and its 200 day simple moving average is $60.26.

Scotts Miracle-Gro (NYSE:SMG) last issued its quarterly earnings data on Wednesday, January 28th. The basic materials company reported ($0.77) earnings per share for the quarter, topping analysts’ consensus estimates of ($1.04) by $0.27. Scotts Miracle-Gro had a negative return on equity of 68.59% and a net margin of 2.68%.The firm had revenue of $354.40 million for the quarter, compared to analyst estimates of $353.25 million. During the same period last year, the company earned ($0.89) EPS. The business’s quarterly revenue was down 3.3% compared to the same quarter last year. Scotts Miracle-Gro has set its FY 2026 guidance at 4.150-4.35 EPS. As a group, equities research analysts forecast that Scotts Miracle-Gro will post 3.42 earnings per share for the current fiscal year.

Scotts Miracle-Gro Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 6th. Investors of record on Friday, February 20th were given a dividend of $0.66 per share. The ex-dividend date was Friday, February 20th. This represents a $2.64 annualized dividend and a dividend yield of 4.1%. Scotts Miracle-Gro’s payout ratio is currently 179.59%.

Insider Activity at Scotts Miracle-Gro

In other news, EVP Mark J. Scheiwer purchased 693 shares of the company’s stock in a transaction that occurred on Tuesday, February 24th. The shares were bought at an average cost of $71.44 per share, for a total transaction of $49,507.92. Following the completion of the transaction, the executive vice president directly owned 15,370 shares of the company’s stock, valued at $1,098,032.80. This trade represents a 4.72% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Hagedorn Partnership, L.P. sold 50,000 shares of Scotts Miracle-Gro stock in a transaction that occurred on Thursday, February 12th. The shares were sold at an average price of $66.40, for a total value of $3,320,000.00. Following the sale, the director owned 13,167,641 shares in the company, valued at $874,331,362.40. This represents a 0.38% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 24.40% of the company’s stock.

Institutional Investors Weigh In On Scotts Miracle-Gro

Several hedge funds have recently added to or reduced their stakes in the stock. State Street Corp boosted its holdings in Scotts Miracle-Gro by 1.1% in the second quarter. State Street Corp now owns 1,522,093 shares of the basic materials company’s stock worth $100,397,000 after acquiring an additional 16,298 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in Scotts Miracle-Gro by 29.5% in the third quarter. Ameriprise Financial Inc. now owns 1,165,367 shares of the basic materials company’s stock worth $66,368,000 after acquiring an additional 265,677 shares in the last quarter. Captrust Financial Advisors boosted its holdings in Scotts Miracle-Gro by 0.3% in the fourth quarter. Captrust Financial Advisors now owns 1,157,714 shares of the basic materials company’s stock worth $67,553,000 after acquiring an additional 2,899 shares in the last quarter. Jacobs Levy Equity Management Inc. boosted its holdings in Scotts Miracle-Gro by 26.3% in the third quarter. Jacobs Levy Equity Management Inc. now owns 898,519 shares of the basic materials company’s stock worth $51,171,000 after acquiring an additional 187,130 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in Scotts Miracle-Gro by 15.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 823,662 shares of the basic materials company’s stock worth $48,059,000 after acquiring an additional 108,428 shares in the last quarter. 74.07% of the stock is owned by institutional investors.

Scotts Miracle-Gro Company Profile

Scotts Miracle-Gro Company is a leading developer, manufacturer and distributor of consumer lawn and garden products. The firm serves both retail and professional customers through an array of branded offerings that include lawn fertilizers, grass seed, pest and disease control solutions, plant foods and specialty products for indoor and outdoor gardening. Its portfolio spans well-known names such as Scotts®, Miracle-Gro®, Ortho® and various hydroponic and specialty garden brands.

Headquartered in Marysville, Ohio, the company traces its roots to O.M.