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

Key Points

• Scotts Miracle-Gro set its FY 2025 earnings per share (EPS) guidance at $3.500 and recently announced a quarterly dividend of $0.66 per share, equating to an annualized yield of 3.89%.
• The stock is currently down 1.9% and has a market capitalization of $3.92 billion, with a 52-week trading range between $45.61 and $93.90.
• Analysts have mixed views on the stock, with ratings ranging from "buy" to "hold," and an average price target of $71.83.

Scotts Miracle-Gro (NYSE:SMG - Get Free Report) issued an update on its FY 2025 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 3.500- for the period. The company issued revenue guidance of -.

Scotts Miracle-Gro Price Performance

SMG traded down $2.07 during trading on Friday, hitting $60.59. 81,714 shares of the stock traded hands, compared to its average volume of 1,088,266. The firm has a 50-day moving average of $64.81 and a 200 day moving average of $61.84. Scotts Miracle-Gro has a 12-month low of $45.61 and a 12-month high of $93.90. The firm has a market capitalization of $3.50 billion, a P/E ratio of 79.49 and a beta of 2.01.

Scotts Miracle-Gro (NYSE:SMG - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The basic materials company reported $2.59 EPS for the quarter, beating analysts' consensus estimates of $2.19 by $0.40. The business had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.23 billion. Scotts Miracle-Gro had a negative return on equity of 60.46% and a net margin of 1.54%. Scotts Miracle-Gro's quarterly revenue was down 1.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.31 EPS. As a group, equities analysts predict that Scotts Miracle-Gro will post 3.42 EPS for the current fiscal year.

Scotts Miracle-Gro Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 5th. Stockholders of record on Friday, August 22nd will be given a $0.66 dividend. This represents a $2.64 annualized dividend and a dividend yield of 4.4%. The ex-dividend date of this dividend is Friday, August 22nd. Scotts Miracle-Gro's dividend payout ratio (DPR) is currently 347.37%.

Analysts Set New Price Targets

Several brokerages recently issued reports on SMG. JPMorgan Chase & Co. reduced their price target on shares of Scotts Miracle-Gro from $80.00 to $65.00 and set an "overweight" rating on the stock in a research report on Thursday, May 1st. UBS Group set a $68.00 price objective on Scotts Miracle-Gro and gave the company a "neutral" rating in a research report on Thursday. Stifel Nicolaus lowered Scotts Miracle-Gro from a "buy" rating to a "hold" rating and increased their target price for the stock from $70.00 to $71.00 in a research report on Monday, June 9th. Jefferies Financial Group upgraded Scotts Miracle-Gro from a "hold" rating to a "buy" rating and lowered their target price for the company from $72.00 to $69.00 in a research note on Monday, April 7th. Finally, Truist Financial set a $80.00 price target on Scotts Miracle-Gro and gave the stock a "buy" rating in a research note on Monday, July 14th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Scotts Miracle-Gro presently has an average rating of "Moderate Buy" and an average target price of $71.33.

Hedge Funds Weigh In On Scotts Miracle-Gro

An institutional investor recently raised its position in Scotts Miracle-Gro stock. Empowered Funds LLC increased its holdings in shares of The Scotts Miracle-Gro Company (NYSE:SMG - Free Report) by 26.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,524 shares of the basic materials company's stock after purchasing an additional 1,569 shares during the quarter. Empowered Funds LLC's holdings in Scotts Miracle-Gro were worth $413,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Hedge funds and other institutional investors own 74.07% of the company's stock.

About Scotts Miracle-Gro

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.