Scotts Miracle-Gro (NYSE:SMG) Releases 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 Price Performance

Shares of NYSE:SMG traded up $1.38 during midday trading on Wednesday, reaching $57.80. The company’s stock had a trading volume of 354,635 shares, compared to its average volume of 943,138. The company has a market capitalization of $3.36 billion, a P/E ratio of 32.29 and a beta of 1.84. The business’s fifty day simple moving average is $61.95 and its 200-day simple moving average is $61.65. Scotts Miracle-Gro has a fifty-two week low of $52.00 and a fifty-two week high of $72.35.

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

Scotts Miracle-Gro Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 5th. Stockholders of record on Friday, May 22nd will be given a dividend of $0.66 per share. The ex-dividend date of this dividend is Friday, May 22nd. This represents a $2.64 annualized dividend and a dividend yield of 4.6%. Scotts Miracle-Gro’s dividend payout ratio (DPR) is currently 147.49%.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. JPMorgan Chase & Co. downgraded shares of Scotts Miracle-Gro from an “overweight” rating to a “neutral” rating and cut their price target for the company from $70.00 to $67.00 in a report on Thursday, March 26th. Jefferies Financial Group restated a “buy” rating and set a $79.00 target price on shares of Scotts Miracle-Gro in a research report on Wednesday, April 29th. Weiss Ratings restated a “hold (c)” rating on shares of Scotts Miracle-Gro in a report on Monday, May 4th. 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. Finally, Wells Fargo & Company lowered 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 report on Wednesday, April 8th. Four investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $72.83.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of SMG. Caitong International Asset Management Co. Ltd bought a new stake in shares of Scotts Miracle-Gro during the 3rd quarter worth about $32,000. Aster Capital Management DIFC Ltd acquired a new stake in Scotts Miracle-Gro during the fourth quarter worth approximately $53,000. Quarry LP boosted its holdings in shares of Scotts Miracle-Gro by 314.4% during 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 during the period. CIBC Private Wealth Group LLC boosted its holdings in shares of Scotts Miracle-Gro by 104.2% during 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 during the period. Finally, Advisory Services Network LLC bought a new position in shares of Scotts Miracle-Gro during the third quarter worth approximately $121,000. 74.07% of the stock is owned by institutional investors and hedge funds.

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.