Scotts Miracle-Gro (NYSE:SMG) Issues FY 2025 Earnings Guidance

Scotts Miracle-Gro (NYSE:SMG) updated its FY 2025 earnings guidance on Thursday. The company provided earnings per share guidance of 3.500- for the period, compared to the consensus earnings per share estimate of 3.470. The company issued revenue guidance of -.

Analysts Set New Price Targets

A number of research firms recently commented on SMG. Wells Fargo & Company increased their target price on shares of Scotts Miracle-Gro from $67.00 to $72.00 and gave the company an “overweight” rating in a research report on Friday. Jefferies Financial Group raised Scotts Miracle-Gro from a “hold” rating to a “buy” rating and dropped their price objective for the stock from $72.00 to $69.00 in a report on Monday, April 7th. UBS Group dropped their price objective on Scotts Miracle-Gro from $55.00 to $54.00 and set a “neutral” rating on the stock in a report on Thursday, May 1st. Stifel Nicolaus upgraded Scotts Miracle-Gro from a “hold” rating to a “buy” rating and dropped their price target for the stock from $78.00 to $70.00 in a research note on Tuesday, March 4th. Finally, Truist Financial raised their price target on Scotts Miracle-Gro from $70.00 to $75.00 and gave the stock a “buy” rating in a research note on Friday. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $67.50.

Scotts Miracle-Gro Stock Performance

Shares of Scotts Miracle-Gro stock opened at $66.60 on Friday. Scotts Miracle-Gro has a 1 year low of $45.61 and a 1 year high of $93.90. The company has a market capitalization of $3.84 billion, a P/E ratio of -138.75 and a beta of 1.99. The company’s fifty day moving average is $55.81 and its two-hundred day moving average is $63.29.

Scotts Miracle-Gro (NYSE:SMG) last released its quarterly earnings results on Wednesday, April 30th. The basic materials company reported $3.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.95 by $0.03. Scotts Miracle-Gro had a negative return on equity of 51.48% and a negative net margin of 0.67%. The firm had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same quarter last year, the company posted $3.69 earnings per share. The business’s revenue was down 6.8% on a year-over-year basis. As a group, equities analysts expect that Scotts Miracle-Gro will post 3.42 earnings per share for the current year.

Scotts Miracle-Gro Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Friday, May 23rd were given a $0.66 dividend. The ex-dividend date was Friday, May 23rd. This represents a $2.64 dividend on an annualized basis and a yield of 3.96%. Scotts Miracle-Gro’s dividend payout ratio (DPR) is 528.00%.

Hedge Funds Weigh In On Scotts Miracle-Gro

A hedge fund recently raised its stake in Scotts Miracle-Gro stock. Empowered Funds LLC raised its holdings in The Scotts Miracle-Gro Company (NYSE:SMG) by 26.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,524 shares of the basic materials company’s stock after purchasing an additional 1,569 shares during the quarter. Empowered Funds LLC’s holdings in Scotts Miracle-Gro were worth $413,000 as of its most recent filing with the Securities and Exchange Commission. 74.07% of the stock is owned by hedge funds and other institutional investors.

Scotts Miracle-Gro Company Profile

The Scotts Miracle-Gro Company, together with its subsidiaries, manufactures, markets, and sells products for lawn, garden care, and indoor and hydroponic gardening in the United States and internationally. It operates through three segments: U.S. Consumer, Hawthorne, and Other. The company provides lawn care products, comprising lawn fertilizers, grass seed products, spreaders, and other durable products, as well as lawn-related weed, pest, and disease control products; and gardening and landscape products, which include water-soluble and continuous-release plant foods, potting mixes, garden soils, mulches and ground cover products, plant-related pest and disease control products, organic garden products, and live goods and seeding solutions.