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 Tuesday. The company provided earnings per share guidance of 4.300-4.450 for the period, compared to the consensus EPS estimate of 4.410. The company issued revenue guidance of -.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Scotts Miracle-Gro in a research note on Friday, July 31st. Wells Fargo & Company upped their price target on Scotts Miracle-Gro from $74.00 to $77.00 and gave the company an “overweight” rating in a research report on Thursday, July 30th. Wall Street Zen cut Scotts Miracle-Gro from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Stifel Nicolaus increased their target price on shares of Scotts Miracle-Gro from $75.00 to $76.00 and gave the company a “buy” rating in a research report on Monday, August 3rd. Finally, UBS Group raised their price target on shares of Scotts Miracle-Gro from $70.00 to $78.00 and gave the stock a “neutral” rating in a report on Thursday, July 30th. Three investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $75.40.

Scotts Miracle-Gro Stock Down 2.2%

NYSE:SMG opened at $54.85 on Thursday. Scotts Miracle-Gro has a twelve month low of $52.00 and a twelve month high of $75.34. The firm has a market capitalization of $3.19 billion, a P/E ratio of 47.70 and a beta of 1.83. The company has a fifty day moving average of $63.12 and a 200-day moving average of $63.03.

Scotts Miracle-Gro (NYSE:SMG) last announced its quarterly earnings data on Wednesday, July 29th. The basic materials company reported $2.82 EPS for the quarter, beating analysts’ consensus estimates of $2.48 by $0.34. The firm had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.17 billion. Scotts Miracle-Gro had a negative return on equity of 81.90% and a net margin of 2.19%.The company’s revenue for the quarter was up 1.1% compared to the same quarter last year. During the same quarter last year, the firm posted $2.59 earnings per share. On average, analysts anticipate that Scotts Miracle-Gro will post 4.39 EPS for the current fiscal year.

Scotts Miracle-Gro Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 4th. Shareholders of record on Friday, August 21st were paid a dividend of $0.66 per share. The ex-dividend date was Friday, August 21st. This represents a $2.64 annualized dividend and a yield of 4.8%. Scotts Miracle-Gro’s dividend payout ratio (DPR) is 229.57%.

Insider Buying and Selling

In related news, Director Mark D. Kingdon sold 831 shares of the business’s stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $61.65, for a total value of $51,231.15. Following the transaction, the director directly owned 10,827 shares of the company’s stock, valued at approximately $667,484.55. The trade was a 7.13% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Stephen L. Johnson sold 1,171 shares of Scotts Miracle-Gro stock in a transaction dated Thursday, July 30th. The stock was sold at an average price of $68.32, for a total transaction of $80,002.72. Following the completion of the sale, the director directly owned 30,179 shares in the company, valued at approximately $2,061,829.28. This represents a 3.74% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 32,002 shares of company stock worth $2,154,734. 24.40% of the stock is owned by company insiders.

Key Scotts Miracle-Gro News

Here are the key news stories impacting Scotts Miracle-Gro this week:

• Positive Sentiment: Scotts reported that it achieved its $275 million fiscal 2026 free-cash-flow target, helping fund the redemption of $250 million of 5.250% senior notes due in 2026. The company also renewed its $750 million accounts receivable facility through August 2027, preserving liquidity and financial flexibility. ScottsMiracle-Gro Advances Debt Reduction and Capital Allocation
• Positive Sentiment: SMG began a $500 million share-repurchase program, buying back $25 million of stock in August. Buybacks could support per-share results and signal management’s confidence in the company’s long-term value, while management said debt reduction remains the priority. Scotts Miracle-Gro Redeems Notes, Renews Facility and Repurchases Shares
• Neutral Sentiment: The company reaffirmed fiscal 2026 expectations, including low-single-digit U.S. Consumer sales growth, mid-single-digit adjusted EBITDA growth, adjusted gross margin of at least 32%, and leverage in the high 3s. Analysts remain divided on SMG’s outlook, indicating uncertainty over the pace of improvement under its “SMG 2.0” strategy. Analysts Have Conflicting Sentiments on Ecolab and Scotts Miracle-Gro
• Negative Sentiment: Fiscal 2026 adjusted EPS guidance of $4.30-$4.45 has a midpoint slightly below the $4.41 analyst consensus. Additionally, the note redemption was funded partly with revolver debt, and projected sales growth remains limited, tempering the otherwise positive capital-allocation news. Scotts Miracle-Gro Redeems Senior Notes and Reaffirms Outlook

About Scotts Miracle-Gro

Scotts Miracle-Gro Company is a manufacturer and marketer of branded consumer lawn and garden products. Founded in 1868 and headquartered in Marysville, Ohio, the company serves homeowners and gardening enthusiasts through products designed for growing, feeding, protecting and maintaining plants and lawns.

Its portfolio includes lawn fertilizers, grass seed, gardening soils, plant foods, weed and pest controls, and related gardening products. Well-known brands include Scotts, Miracle-Gro, Turf Builder, Ortho, Tomcat and Earthgro.