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

Scotts Miracle-Gro (NYSE:SMG) updated its FY 2026 earnings guidance on Thursday. The company provided earnings per share guidance of 4.150-4.350 for the period, compared to the consensus earnings per share estimate of 4.280. The company issued revenue guidance of -, compared to the consensus revenue estimate of $3.3 billion.

Analysts Set New Price Targets

Several brokerages have commented on SMG. Weiss Ratings restated a “hold (c-)” rating on shares of Scotts Miracle-Gro in a research note on Wednesday, January 21st. UBS Group set a $67.00 target price on Scotts Miracle-Gro in a research note on Thursday, January 29th. Wells Fargo & Company cut their target price on Scotts Miracle-Gro from $75.00 to $72.00 and set an “overweight” rating for the company in a research note on Wednesday. JPMorgan Chase & Co. downgraded Scotts Miracle-Gro from an “overweight” rating to a “neutral” rating and cut their target price for the stock from $70.00 to $67.00 in a research note on Thursday, March 26th. Finally, Stifel Nicolaus raised their target price on Scotts Miracle-Gro from $70.00 to $79.00 and gave the stock a “buy” rating in a research note on Tuesday, March 3rd. Four analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, Scotts Miracle-Gro presently has a consensus rating of “Moderate Buy” and an average target price of $73.17.

Scotts Miracle-Gro Price Performance

Shares of NYSE:SMG traded down $0.12 on Thursday, hitting $63.71. The company’s stock had a trading volume of 170,483 shares, compared to its average volume of 915,270. The company has a 50-day simple moving average of $65.50 and a 200 day simple moving average of $60.26. Scotts Miracle-Gro has a 1 year low of $45.61 and a 1 year high of $72.35. The company has a market capitalization of $3.70 billion, a PE ratio of 43.33 and a beta of 1.94.

Scotts Miracle-Gro (NYSE:SMG) last released its quarterly earnings results on Wednesday, January 28th. The basic materials company reported ($0.77) earnings per share for the quarter, beating the consensus estimate of ($1.04) by $0.27. Scotts Miracle-Gro had a negative return on equity of 68.59% and a net margin of 2.68%.The firm had revenue of $354.40 million for the quarter, compared to analysts’ expectations of $353.25 million. During the same quarter last year, the firm posted ($0.89) EPS. The company’s revenue was down 3.3% compared to the same quarter last year. Scotts Miracle-Gro has set its FY 2026 guidance at 4.150-4.35 EPS. On average, equities research analysts expect that Scotts Miracle-Gro will post 3.42 earnings per share for the current fiscal year.

Scotts Miracle-Gro Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 6th. Investors of record on Friday, February 20th were issued a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend was Friday, February 20th. Scotts Miracle-Gro’s dividend payout ratio (DPR) is currently 179.59%.

Insider Transactions at Scotts Miracle-Gro

In related news, Director Hagedorn Partnership, L.P. sold 50,000 shares of the firm’s stock in a transaction dated Thursday, February 12th. The stock was sold at an average price of $66.40, for a total transaction of $3,320,000.00. Following the transaction, the director directly owned 13,167,641 shares of the company’s stock, valued at approximately $874,331,362.40. This trade represents a 0.38% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Mark J. Scheiwer acquired 693 shares of the firm’s stock in a transaction that occurred on Tuesday, February 24th. The shares were purchased at an average cost of $71.44 per share, for a total transaction of $49,507.92. Following the completion of the acquisition, the executive vice president owned 15,370 shares in the company, valued at $1,098,032.80. This represents a 4.72% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 24.40% of the company’s stock.

Hedge Funds Weigh In On Scotts Miracle-Gro

Large investors have recently bought and sold shares of the stock. 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 position in Scotts Miracle-Gro in the 4th quarter worth approximately $53,000. Quarry LP increased its stake in Scotts Miracle-Gro by 314.4% in the 4th quarter. Quarry LP now owns 1,326 shares of the basic materials company’s stock worth $77,000 after purchasing an additional 1,006 shares during the period. CIBC Private Wealth Group LLC increased its stake in Scotts Miracle-Gro by 104.2% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 1,448 shares of the basic materials company’s stock worth $82,000 after purchasing an additional 739 shares during the period. Finally, Advisory Services Network LLC purchased a new position in Scotts Miracle-Gro in the 3rd quarter worth approximately $121,000. 74.07% of the stock is owned by hedge funds and other 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.