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

Scotts Miracle-Gro (NYSE:SMG) issued an update on 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 4.340. The company issued revenue guidance of -.

Scotts Miracle-Gro Trading Down 1.7%

Shares of NYSE:SMG opened at $67.51 on Friday. The company has a market cap of $3.93 billion, a price-to-earnings ratio of 37.71 and a beta of 1.81. The company has a 50-day moving average price of $63.44 and a 200-day moving average price of $63.92. Scotts Miracle-Gro has a 12 month low of $52.00 and a 12 month high of $75.34.

Scotts Miracle-Gro (NYSE:SMG) last posted its earnings results on Wednesday, April 29th. The basic materials company reported $4.53 earnings per share for the quarter, topping analysts’ consensus estimates of $3.97 by $0.56. Scotts Miracle-Gro had a net margin of 3.27% and a negative return on equity of 79.61%. The company had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.41 billion. During the same period in the prior year, the business posted $3.98 earnings per share. Scotts Miracle-Gro’s revenue for the quarter was up 2.7% on a year-over-year basis. As a group, research analysts forecast that Scotts Miracle-Gro will post 4.3 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently weighed in on SMG. Wells Fargo & Company lifted their price objective on Scotts Miracle-Gro from $72.00 to $74.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 8th. Jefferies Financial Group restated a “buy” rating and set a $79.00 target price on shares of Scotts Miracle-Gro in a report on Wednesday, April 29th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Scotts Miracle-Gro in a research note on Monday, May 4th. Wall Street Zen raised shares of Scotts Miracle-Gro from a “hold” rating to a “buy” rating in a research report on Saturday, July 4th. Finally, JPMorgan Chase & Co. cut shares of Scotts Miracle-Gro from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from $70.00 to $67.00 in a research report on Thursday, March 26th. Three equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $73.00.

Institutional Investors Weigh In On Scotts Miracle-Gro

Hedge funds have recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd purchased a new stake in Scotts Miracle-Gro in the third quarter worth about $32,000. Aster Capital Management DIFC Ltd purchased a new position in shares of Scotts Miracle-Gro during the fourth quarter valued at approximately $53,000. Quarry LP boosted its position in shares of 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 in the last quarter. CIBC Private Wealth Group LLC boosted its position in shares of 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 in the last quarter. Finally, Advisory Services Network LLC purchased a new stake in shares of Scotts Miracle-Gro in the 3rd quarter worth approximately $121,000. 74.07% of the stock is currently owned by 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.