Scotts Miracle-Gro (NYSE:SMG) Issues 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 -.

Wall Street Analysts Forecast Growth

SMG has been the subject of several analyst reports. JPMorgan Chase & Co. decreased their price objective on Scotts Miracle-Gro from $80.00 to $65.00 and set an "overweight" rating for the company in a report on Thursday, May 1st. Stifel Nicolaus upgraded Scotts Miracle-Gro from a "hold" rating to a "buy" rating and decreased their price objective for the company from $78.00 to $70.00 in a report on Tuesday, March 4th. Wells Fargo & Company raised their price objective on Scotts Miracle-Gro from $65.00 to $67.00 and gave the company an "overweight" rating in a report on Tuesday, May 13th. UBS Group decreased their price objective on Scotts Miracle-Gro from $55.00 to $54.00 and set a "neutral" rating for the company in a report on Thursday, May 1st. Finally, Jefferies Financial Group upgraded Scotts Miracle-Gro from a "hold" rating to a "buy" rating and decreased their price objective for the company from $72.00 to $69.00 in a report on Monday, April 7th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, Scotts Miracle-Gro presently has an average rating of "Moderate Buy" and a consensus price target of $65.83.

Scotts Miracle-Gro Trading Up 10.9%

SMG stock traded up $6.39 during mid-day trading on Thursday, hitting $65.01. 2,886,520 shares of the company were exchanged, compared to its average volume of 972,820. The business has a 50 day simple moving average of $55.57 and a 200-day simple moving average of $63.35. The stock has a market capitalization of $3.75 billion, a PE ratio of -135.43 and a beta of 1.99. Scotts Miracle-Gro has a 1-year low of $45.61 and a 1-year high of $93.90.

Scotts Miracle-Gro (NYSE:SMG - Get Free Report) last announced its 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 analysts' expectations of $1.50 billion. During the same period last year, the firm earned $3.69 earnings per share. The business's revenue for the quarter was down 6.8% on a year-over-year basis. Equities research analysts expect that Scotts Miracle-Gro will post 3.42 earnings per share for the current year.

Scotts Miracle-Gro Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 23rd will be issued a dividend of $0.66 per share. The ex-dividend date is Friday, May 23rd. This represents a $2.64 annualized dividend and a dividend yield of 4.06%. Scotts Miracle-Gro's dividend payout ratio is presently 528.00%.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Scotts Miracle-Gro stock. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of The Scotts Miracle-Gro Company (NYSE:SMG - Free Report) by 18.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 at the end of the most recent reporting period. Institutional investors and hedge funds own 74.07% of the company's stock.

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.