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

Scotts Miracle-Gro (NYSE:SMG) issued an update on its FY 2026 earnings guidance on Wednesday morning. 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 -.

Scotts Miracle-Gro Stock Up 2.5%

Shares of SMG stock traded up $1.40 during mid-day trading on Wednesday, hitting $57.82. 384,748 shares of the stock were exchanged, compared to its average volume of 943,632. The firm has a fifty day moving average of $61.95 and a 200 day moving average of $61.65. Scotts Miracle-Gro has a 52-week low of $52.00 and a 52-week high of $72.35. The company has a market cap of $3.36 billion, a PE ratio of 32.30 and a beta of 1.84.

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

Scotts Miracle-Gro Announces Dividend

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

Analyst Upgrades and Downgrades

Several equities analysts recently commented on SMG shares. JPMorgan Chase & Co. lowered shares of Scotts Miracle-Gro from an “overweight” rating to a “neutral” rating and dropped their price target for the company from $70.00 to $67.00 in a research note on Thursday, March 26th. Wall Street Zen upgraded shares of Scotts Miracle-Gro from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Wells Fargo & Company dropped their price target on shares of Scotts Miracle-Gro from $75.00 to $72.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 8th. Jefferies Financial Group reiterated a “buy” rating and issued a $79.00 price target on shares of Scotts Miracle-Gro in a research note on Wednesday, April 29th. Finally, Stifel Nicolaus set a $76.00 price objective on Scotts Miracle-Gro in a report on Tuesday, May 12th. Four analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $72.83.

Institutional Investors Weigh In On Scotts Miracle-Gro

Large investors have recently bought and sold shares of the stock. Caitong International Asset Management Co. Ltd acquired a new position in shares of Scotts Miracle-Gro during the third quarter worth about $32,000. Aster Capital Management DIFC Ltd acquired a new position in shares of Scotts Miracle-Gro in the fourth quarter worth about $53,000. Quarry LP lifted its stake 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 worth $77,000 after acquiring an additional 1,006 shares in the last quarter. CIBC Private Wealth Group LLC lifted its stake in shares of Scotts Miracle-Gro by 104.2% in the third quarter. CIBC Private Wealth Group LLC now owns 1,448 shares of the basic materials company’s stock worth $82,000 after acquiring an additional 739 shares in the last quarter. Finally, Advisory Services Network LLC acquired a new stake in Scotts Miracle-Gro in the third quarter valued at $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.