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

Scotts Miracle-Gro (NYSE:SMG) updated its FY 2026 earnings guidance on Wednesday. The company provided EPS guidance of 4.150-4.350 for the period, compared to the consensus EPS estimate of 4.370. The company issued revenue guidance of -.

Analyst Ratings Changes

Several research firms recently issued reports on SMG. Wells Fargo & Company dropped their target price on shares of Scotts Miracle-Gro from $75.00 to $72.00 and set an “overweight” rating on the stock in a report on Wednesday, April 8th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Scotts Miracle-Gro in a research note on Monday, May 4th. Stifel Nicolaus set a $76.00 price target on Scotts Miracle-Gro in a research note on Tuesday, May 12th. Wall Street Zen raised shares of Scotts Miracle-Gro from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Finally, JPMorgan Chase & Co. cut shares of Scotts Miracle-Gro from an “overweight” rating to a “neutral” rating and reduced their price target for the stock from $70.00 to $67.00 in a report on Thursday, March 26th. Four research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, Scotts Miracle-Gro currently has an average rating of “Moderate Buy” and an average price target of $72.83.

Scotts Miracle-Gro Price Performance

Shares of SMG traded up $1.38 on Wednesday, reaching $57.80. The company’s stock had a trading volume of 354,635 shares, compared to its average volume of 943,138. Scotts Miracle-Gro has a 12-month low of $52.00 and a 12-month high of $72.35. The stock has a market capitalization of $3.36 billion, a P/E ratio of 32.29 and a beta of 1.84. The stock’s 50 day simple moving average is $61.95 and its two-hundred day simple moving average is $61.65.

Scotts Miracle-Gro (NYSE:SMG) last issued its quarterly earnings data on Wednesday, April 29th. The basic materials company reported $4.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.97 by $0.56. Scotts Miracle-Gro had a net margin of 3.27% and a negative return on equity of 79.61%. The firm had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.41 billion. During the same quarter in the previous year, the firm posted $3.98 EPS. The company’s revenue for the quarter was up 2.7% compared to the same quarter last year. Analysts expect that Scotts Miracle-Gro will post 4.37 earnings per share for the current year.

Scotts Miracle-Gro Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 5th. Stockholders of record on Friday, May 22nd will be given a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date of this dividend is Friday, May 22nd. Scotts Miracle-Gro’s payout ratio is presently 147.49%.

Institutional Trading of Scotts Miracle-Gro

Hedge funds and other institutional investors have recently made changes to their positions in the business. Caitong International Asset Management Co. Ltd purchased a new position in Scotts Miracle-Gro in the 3rd quarter worth approximately $32,000. Aster Capital Management DIFC Ltd purchased a new stake in shares of Scotts Miracle-Gro in the fourth quarter valued at approximately $53,000. Quarry LP increased its holdings in shares of Scotts Miracle-Gro by 314.4% in the fourth quarter. Quarry LP now owns 1,326 shares of the basic materials company’s stock valued at $77,000 after purchasing an additional 1,006 shares during the last quarter. CIBC Private Wealth Group LLC lifted its position in Scotts Miracle-Gro by 104.2% during the third quarter. CIBC Private Wealth Group LLC now owns 1,448 shares of the basic materials company’s stock worth $82,000 after buying an additional 739 shares in the last quarter. Finally, Advisory Services Network LLC acquired a new position in Scotts Miracle-Gro during the third quarter worth $121,000. Institutional investors and hedge funds own 74.07% of the company’s stock.

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.