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 morning. 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.

Scotts Miracle-Gro Price Performance

Shares of SMG stock traded down $1.25 during trading hours on Thursday, reaching $62.57. 722,390 shares of the company were exchanged, compared to its average volume of 923,919. Scotts Miracle-Gro has a fifty-two week low of $45.61 and a fifty-two week high of $72.35. The stock’s fifty day moving average is $65.50 and its two-hundred day moving average is $60.26. The company has a market cap of $3.63 billion, a price-to-earnings ratio of 42.57 and a beta of 1.94.

Scotts Miracle-Gro (NYSE:SMG) last announced its earnings results on Wednesday, January 28th. The basic materials company reported ($0.77) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($1.04) by $0.27. The company had revenue of $354.40 million for the quarter, compared to analyst estimates 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 quarterly revenue was down 3.3% on a year-over-year basis. During the same period in the prior year, the business earned ($0.89) earnings per share. Scotts Miracle-Gro has set its FY 2026 guidance at 4.150-4.35 EPS. On average, research analysts anticipate that Scotts Miracle-Gro will post 3.42 earnings per share for the current year.

Scotts Miracle-Gro Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 6th. Investors of record on Friday, February 20th were paid a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date of this dividend was Friday, February 20th. Scotts Miracle-Gro’s payout ratio is 179.59%.

Wall Street Analyst Weigh In

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

Insider Buying and Selling at Scotts Miracle-Gro

In related news, Director Hagedorn Partnership, L.P. sold 50,000 shares of the stock in a transaction on Thursday, February 12th. The shares were sold at an average price of $66.40, for a total transaction of $3,320,000.00. Following the completion of the transaction, the director owned 13,167,641 shares in the company, valued at approximately $874,331,362.40. This represents a 0.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Mark J. Scheiwer bought 693 shares of Scotts Miracle-Gro stock in a transaction that occurred on Tuesday, February 24th. The shares were acquired at an average price of $71.44 per share, with a total value of $49,507.92. Following the acquisition, the executive vice president directly owned 15,370 shares of the company’s stock, valued at $1,098,032.80. The trade was a 4.72% increase in their position. The SEC filing for this purchase provides additional information. Corporate insiders own 24.40% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the business. Caitong International Asset Management Co. Ltd bought a new position in Scotts Miracle-Gro during the third quarter worth about $32,000. Aster Capital Management DIFC Ltd bought a new position in Scotts Miracle-Gro during the fourth quarter worth about $53,000. Quarry LP increased its position in 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 increased its position in 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 Scotts Miracle-Gro during the third quarter worth about $121,000. Institutional investors and hedge funds own 74.07% of the company’s stock.

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.