Scotts Miracle-Gro (NYSE:SMG) Releases FY 2025 Earnings Guidance

Scotts Miracle-Gro (NYSE:SMG - Get Free Report) updated its FY 2025 earnings guidance on Thursday. The company provided EPS guidance of 3.500- for the period, compared to the consensus EPS estimate of 3.470. The company issued revenue guidance of -.

Scotts Miracle-Gro Stock Up 2.4%

Shares of SMG traded up $1.59 during mid-day trading on Friday, hitting $66.60. 1,685,715 shares of the company's stock were exchanged, compared to its average volume of 974,313. The firm has a fifty day moving average of $55.81 and a two-hundred day moving average of $63.11. Scotts Miracle-Gro has a twelve month low of $45.61 and a twelve month high of $93.90. The stock has a market cap of $3.84 billion, a price-to-earnings ratio of -138.75 and a beta of 1.99.

Scotts Miracle-Gro (NYSE:SMG - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The basic materials company reported $3.98 EPS for the quarter, topping the consensus estimate of $3.95 by $0.03. Scotts Miracle-Gro had a negative net margin of 0.67% and a negative return on equity of 51.48%. The company had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same quarter in the prior year, the business posted $3.69 EPS. Scotts Miracle-Gro's quarterly revenue was down 6.8% on a year-over-year basis. On average, equities analysts predict 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, June 6th. Stockholders of record on Friday, May 23rd were paid a dividend of $0.66 per share. The ex-dividend date was Friday, May 23rd. This represents a $2.64 annualized dividend and a dividend yield of 3.96%. Scotts Miracle-Gro's dividend payout ratio (DPR) is 528.00%.

Analysts Set New Price Targets

Several research firms recently issued reports on SMG. UBS Group decreased their price objective on shares of Scotts Miracle-Gro from $55.00 to $54.00 and set a "neutral" rating for the company in a report on Thursday, May 1st. Wells Fargo & Company upped their price objective on shares of Scotts Miracle-Gro from $67.00 to $72.00 and gave the stock an "overweight" rating in a report on Friday. Jefferies Financial Group raised shares of Scotts Miracle-Gro from a "hold" rating to a "buy" rating and decreased their price objective for the stock from $72.00 to $69.00 in a report on Monday, April 7th. JPMorgan Chase & Co. decreased their price objective on shares of Scotts Miracle-Gro from $80.00 to $65.00 and set an "overweight" rating for the company in a report on Thursday, May 1st. Finally, Stifel Nicolaus raised shares of Scotts Miracle-Gro from a "hold" rating to a "buy" rating and decreased their price objective for the stock from $78.00 to $70.00 in a report on Tuesday, March 4th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $67.50.

Institutional Trading of Scotts Miracle-Gro

An institutional investor recently raised its position in Scotts Miracle-Gro stock. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in The Scotts Miracle-Gro Company (NYSE:SMG - Free Report) by 18.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 149,882 shares of the basic materials company's stock after purchasing an additional 23,446 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned approximately 0.26% of Scotts Miracle-Gro worth $8,227,000 as of its most recent SEC filing. 74.07% of the stock is owned by institutional investors and hedge funds.

Scotts Miracle-Gro Company Profile

The Scotts Miracle-Gro Company, together with its subsidiaries, manufactures, markets, and sells products for lawn, garden care, and indoor and hydroponic gardening in the United States and internationally. It operates through three segments: U.S. Consumer, Hawthorne, and Other. The company provides lawn care products, comprising lawn fertilizers, grass seed products, spreaders, and other durable products, as well as lawn-related weed, pest, and disease control products; and gardening and landscape products, which include water-soluble and continuous-release plant foods, potting mixes, garden soils, mulches and ground cover products, plant-related pest and disease control products, organic garden products, and live goods and seeding solutions.