Scotts Miracle-Gro (NYSE:SMG) Releases 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.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Scotts Miracle-Gro in a research report on Wednesday, January 21st. UBS Group set a $67.00 target price on shares of Scotts Miracle-Gro in a research note on Thursday, January 29th. JPMorgan Chase & Co. cut shares of Scotts Miracle-Gro from an “overweight” rating to a “neutral” rating and lowered their price target for the company from $70.00 to $67.00 in a report on Thursday, March 26th. Stifel Nicolaus increased their price objective on Scotts Miracle-Gro from $70.00 to $79.00 and gave the stock a “buy” rating in a report on Tuesday, March 3rd. Finally, Wells Fargo & Company reduced their price objective on Scotts Miracle-Gro from $75.00 to $72.00 and set an “overweight” rating for the company in a research report on Wednesday. Four analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $73.17.

Scotts Miracle-Gro Stock Down 3.0%

NYSE SMG opened at $60.65 on Friday. The stock has a market capitalization of $3.52 billion, a PE ratio of 41.26 and a beta of 1.94. Scotts Miracle-Gro has a 12-month low of $45.61 and a 12-month high of $72.35. The company has a 50 day moving average price of $65.38 and a two-hundred day moving average price of $60.29.

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 analysts’ consensus estimates of ($1.04) by $0.27. The business had revenue of $354.40 million for the quarter, compared to the consensus estimate of $353.25 million. Scotts Miracle-Gro had a net margin of 2.68% and a negative return on equity of 68.59%. Scotts Miracle-Gro’s revenue for the quarter was down 3.3% on a year-over-year basis. During the same quarter last year, the firm earned ($0.89) EPS. Scotts Miracle-Gro has set its FY 2026 guidance at 4.150-4.35 EPS. As a group, equities analysts anticipate that Scotts Miracle-Gro will post 3.42 EPS for the current year.

Scotts Miracle-Gro Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 6th. Investors of record on Friday, February 20th were paid a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date of this dividend was Friday, February 20th. Scotts Miracle-Gro’s dividend payout ratio (DPR) is presently 179.59%.

Insider Buying and Selling

In other Scotts Miracle-Gro news, Director Hagedorn Partnership, L.P. sold 50,000 shares of the stock in a transaction that occurred on 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 owned 13,167,641 shares in the company, valued at $874,331,362.40. This trade represents a 0.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Mark J. Scheiwer purchased 693 shares of the company’s stock in a transaction dated Tuesday, February 24th. The stock was purchased at an average cost of $71.44 per share, for a total transaction of $49,507.92. Following the transaction, the executive vice president owned 15,370 shares of the company’s stock, valued at approximately $1,098,032.80. This trade represents a 4.72% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 24.40% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Scotts Miracle-Gro

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Invesco Ltd. boosted its stake in Scotts Miracle-Gro by 25.6% during the 4th quarter. Invesco Ltd. now owns 254,087 shares of the basic materials company’s stock valued at $14,826,000 after purchasing an additional 51,738 shares during the period. Corient Private Wealth LLC increased its holdings in shares of Scotts Miracle-Gro by 50.5% during the 4th quarter. Corient Private Wealth LLC now owns 129,847 shares of the basic materials company’s stock worth $7,505,000 after purchasing an additional 43,571 shares during the period. Quadrature Capital Ltd acquired a new position in shares of Scotts Miracle-Gro during the fourth quarter valued at about $286,000. Man Group plc lifted its stake in shares of Scotts Miracle-Gro by 1.8% in the fourth quarter. Man Group plc now owns 44,389 shares of the basic materials company’s stock valued at $2,590,000 after buying an additional 806 shares during the period. Finally, Balyasny Asset Management L.P. grew its position in Scotts Miracle-Gro by 39.1% during the fourth quarter. Balyasny Asset Management L.P. now owns 613,693 shares of the basic materials company’s stock worth $35,809,000 after buying an additional 172,356 shares in the last quarter. 74.07% of the stock is owned by institutional investors and hedge funds.

About Scotts Miracle-Gro

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.