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

Scotts Miracle-Gro (NYSE:SMG) updated its FY 2026 earnings guidance on Thursday. The company provided EPS 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 0.5%

NYSE:SMG opened at $68.34 on Thursday. The company’s 50 day moving average is $63.28 and its two-hundred day moving average is $63.86. The company has a market cap of $3.98 billion, a PE ratio of 37.58 and a beta of 1.81. Scotts Miracle-Gro has a twelve month low of $52.00 and a twelve month high of $75.34.

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, topping analysts’ consensus estimates of $3.97 by $0.56. Scotts Miracle-Gro had a negative return on equity of 79.61% and a net margin of 3.27%.The company had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.41 billion. During the same quarter last year, the business posted $3.98 EPS. The firm’s quarterly revenue was up 2.7% on a year-over-year basis. As a group, analysts expect that Scotts Miracle-Gro will post 4.3 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Wall Street Zen upgraded shares of Scotts Miracle-Gro from a “hold” rating to a “buy” rating in a research report on Saturday, July 4th. JPMorgan Chase & Co. lowered shares of Scotts Miracle-Gro from an “overweight” rating to a “neutral” rating and cut their price target for the stock from $70.00 to $67.00 in a report on Thursday, March 26th. Wells Fargo & Company raised their price objective on Scotts Miracle-Gro from $72.00 to $74.00 and gave the company an “overweight” rating in a report on Wednesday, July 8th. Weiss Ratings reissued a “hold (c)” rating on shares of Scotts Miracle-Gro in a research note on Monday, May 4th. Finally, UBS Group upped their price objective on shares of Scotts Miracle-Gro from $63.00 to $70.00 and gave the company a “neutral” rating in a research note on Thursday, July 16th. Three equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, Scotts Miracle-Gro presently has an average rating of “Hold” and a consensus target price of $73.00.

Institutional Trading of Scotts Miracle-Gro

Hedge funds and other institutional investors have recently bought and sold shares of the company. Empowered Funds LLC increased its stake in Scotts Miracle-Gro by 26.3% in the first quarter. Empowered Funds LLC now owns 7,524 shares of the basic materials company’s stock valued at $413,000 after purchasing an additional 1,569 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Scotts Miracle-Gro by 18.5% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 149,882 shares of the basic materials company’s stock valued at $8,227,000 after purchasing an additional 23,446 shares during the last quarter. Prudential Financial Inc. increased its holdings in shares of Scotts Miracle-Gro by 34.6% during the 2nd quarter. Prudential Financial Inc. now owns 4,745 shares of the basic materials company’s stock worth $342,000 after buying an additional 1,219 shares during the last quarter. Invesco Ltd. boosted its holdings in Scotts Miracle-Gro by 71.2% in the second quarter. Invesco Ltd. now owns 247,749 shares of the basic materials company’s stock valued at $16,342,000 after acquiring an additional 102,997 shares during the last quarter. Finally, Baird Financial Group Inc. purchased a new stake in Scotts Miracle-Gro during the second quarter valued at about $309,000. 74.07% of the stock is owned by hedge funds and other 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.