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 earnings per share guidance of 4.150-4.350 for the period, compared to the consensus earnings per share estimate of 4.370. The company issued revenue guidance of -.

Scotts Miracle-Gro Stock Performance

Shares of SMG opened at $56.89 on Thursday. Scotts Miracle-Gro has a 52 week low of $52.00 and a 52 week high of $72.35. The stock has a market capitalization of $3.31 billion, a price-to-earnings ratio of 31.78 and a beta of 1.84. The stock has a fifty day moving average of $61.66 and a 200-day moving average of $61.63.

Scotts Miracle-Gro (NYSE:SMG) last announced its quarterly earnings results on Wednesday, April 29th. The basic materials company reported $4.53 EPS 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 during the quarter, compared to analysts’ expectations of $1.41 billion. During the same period in the prior year, the company earned $3.98 EPS. Scotts Miracle-Gro’s revenue was up 2.7% compared to the same quarter last year. As a group, equities analysts forecast that Scotts Miracle-Gro will post 4.37 EPS 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. Investors of record on Friday, May 22nd will be issued a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a yield of 4.6%. The ex-dividend date is Friday, May 22nd. Scotts Miracle-Gro’s dividend payout ratio is presently 147.49%.

Wall Street Analysts Forecast Growth

SMG has been the topic of a number of research analyst reports. Stifel Nicolaus set a $76.00 price target on shares of Scotts Miracle-Gro in a research report on Tuesday, May 12th. Jefferies Financial Group reaffirmed a “buy” rating and set a $79.00 price target on shares of Scotts Miracle-Gro in a research report on Wednesday, April 29th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Scotts Miracle-Gro in a research report on Monday, May 4th. Wells Fargo & Company cut their price objective on shares of Scotts Miracle-Gro from $75.00 to $72.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 8th. Finally, UBS Group reissued a “neutral” rating and set a $63.00 price objective on shares of Scotts Miracle-Gro in a research report on Tuesday. Four analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $72.83.

Institutional Investors Weigh In On Scotts Miracle-Gro

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd purchased a new position in Scotts Miracle-Gro in the third quarter valued at approximately $32,000. Aster Capital Management DIFC Ltd purchased a new position in Scotts Miracle-Gro in the fourth quarter valued at approximately $53,000. Quarry LP lifted its stake in 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 raised its holdings in Scotts Miracle-Gro by 104.2% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 1,448 shares of the basic materials company’s stock valued at $82,000 after acquiring an additional 739 shares during the period. Finally, Advisory Services Network LLC bought a new stake in Scotts Miracle-Gro during the 3rd quarter valued at $121,000. Hedge funds and other institutional investors own 74.07% of the company’s stock.

About Scotts Miracle-Gro

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.