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 Thursday morning. The company provided earnings per share (EPS) guidance of 4.150-4.350 for the period, compared to the consensus EPS estimate of 4.340. The company issued revenue guidance of -.

Wall Street Analyst Weigh In

Several equities analysts recently commented on SMG shares. JPMorgan Chase & Co. cut shares of Scotts Miracle-Gro from an “overweight” rating to a “neutral” rating and cut their target price for the company from $70.00 to $67.00 in a research note on Thursday, March 26th. Stifel Nicolaus decreased their price objective on Scotts Miracle-Gro from $76.00 to $75.00 and set a “buy” rating on the stock in a report on Monday, June 8th. Wells Fargo & Company upped their price objective on shares of Scotts Miracle-Gro from $72.00 to $74.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 8th. Jefferies Financial Group reiterated a “buy” rating and issued a $79.00 price objective on shares of Scotts Miracle-Gro in a research report on Wednesday, April 29th. Finally, UBS Group raised their target price on Scotts Miracle-Gro from $63.00 to $70.00 and gave the company a “neutral” rating in a research note on Thursday, July 16th. Three equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Scotts Miracle-Gro currently has an average rating of “Hold” and a consensus target price of $73.00.

Scotts Miracle-Gro Price Performance

Scotts Miracle-Gro stock opened at $68.78 on Thursday. The company has a market cap of $4.00 billion, a price-to-earnings ratio of 38.42 and a beta of 1.81. The firm has a 50-day moving average of $63.28 and a 200-day moving average of $63.86. Scotts Miracle-Gro has a one year low of $52.00 and a one year high of $75.34.

Scotts Miracle-Gro (NYSE:SMG) last released its earnings results on Wednesday, April 29th. The basic materials company reported $4.53 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.41 billion. During the same quarter in the prior year, the company posted $3.98 earnings per share. Scotts Miracle-Gro’s revenue was up 2.7% on a year-over-year basis. As a group, sell-side analysts expect that Scotts Miracle-Gro will post 4.3 earnings per share for the current year.

Hedge Funds Weigh In On Scotts Miracle-Gro

Several hedge funds and other institutional investors have recently made changes to their positions in SMG. Caitong International Asset Management Co. Ltd acquired a new stake in Scotts Miracle-Gro in the third quarter valued at $32,000. Aster Capital Management DIFC Ltd bought a new position in Scotts Miracle-Gro during the fourth quarter worth about $53,000. Quarry LP raised 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 buying an additional 1,006 shares during the period. CIBC Private Wealth Group LLC raised its stake in 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 valued at $82,000 after buying an additional 739 shares during the period. Finally, Advisory Services Network LLC bought a new position in shares of Scotts Miracle-Gro during the 3rd quarter worth approximately $121,000. 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.