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S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
Sinema took Wall Street money while killing tax on investors
Biden's Plan to Confiscate Your Cash? (Ad)
Expanded IRS free-file system one step closer in Dems' bill
Climate bill: Could coal communities shift to nuclear?
Germans urged to cap heat in offices this winter to save gas
The 3-Stock Retirement Blueprint (Ad)
'Everyone's Got a Story of How the Healthcare System Has Fallen Short.' This Founder Is on a Mission to Change That.
Former Deutsche Bank Co-CEO Anshu Jain dies
High oil prices help Saudi Aramco earn $88B in first half
The 3-Stock Retirement Blueprint (Ad)
S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
Sinema took Wall Street money while killing tax on investors
Biden's Plan to Confiscate Your Cash? (Ad)
Expanded IRS free-file system one step closer in Dems' bill
Climate bill: Could coal communities shift to nuclear?
Germans urged to cap heat in offices this winter to save gas
The 3-Stock Retirement Blueprint (Ad)
'Everyone's Got a Story of How the Healthcare System Has Fallen Short.' This Founder Is on a Mission to Change That.
Former Deutsche Bank Co-CEO Anshu Jain dies
High oil prices help Saudi Aramco earn $88B in first half
The 3-Stock Retirement Blueprint (Ad)
S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
Sinema took Wall Street money while killing tax on investors
Biden's Plan to Confiscate Your Cash? (Ad)
Expanded IRS free-file system one step closer in Dems' bill
Climate bill: Could coal communities shift to nuclear?
Germans urged to cap heat in offices this winter to save gas
The 3-Stock Retirement Blueprint (Ad)
'Everyone's Got a Story of How the Healthcare System Has Fallen Short.' This Founder Is on a Mission to Change That.
Former Deutsche Bank Co-CEO Anshu Jain dies
High oil prices help Saudi Aramco earn $88B in first half
The 3-Stock Retirement Blueprint (Ad)
NYSE:SMG

Scotts Miracle-Gro - SMG Stock Forecast, Price & News

$81.59
-0.42 (-0.51%)
(As of 08/12/2022 12:00 AM ET)
Add
Compare
Today's Range
$80.55
$82.79
50-Day Range
$74.69
$102.18
52-Week Range
$72.58
$180.43
Volume
458,864 shs
Average Volume
487,140 shs
Market Capitalization
$4.52 billion
P/E Ratio
N/A
Dividend Yield
3.24%
Price Target
$113.88

Scotts Miracle-Gro MarketRank™ Forecast

Analyst Rating
Hold
2.38 Rating Score
Upside/​Downside
39.6% Upside
$113.88 Price Target
Short Interest
Healthy
4.79% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-5.41
Upright™ Environmental Score
News Sentiment
-0.35mentions of Scotts Miracle-Gro in the last 14 days
Based on 10 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
5.10%
From $4.12 to $4.33 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.87 out of 5 stars

Basic Materials Sector

12th out of 175 stocks

Agricultural Chemicals Industry

2nd out of 10 stocks

SMG stock logo

About Scotts Miracle-Gro (NYSE:SMG) Stock

The Scotts Miracle-Gro Company engages in the manufacture, marketing, and sale of products for lawn, garden care, and indoor and hydroponic gardening in the United States and internationally. The company operates through three segments: U.S. Consumer, Hawthorne, and Other. It provides lawn care products comprising lawn fertilizers, grass seed products, spreaders, other durable products, and outdoor cleaners, as well as lawn-related weed, pest, and disease control products; gardening and landscape products include water-soluble and continuous-release plant foods, potting mixes and garden soils, mulch and decorative groundcover products, plant-related pest and disease control products, organic garden products, and lives goods and seeding solutions. The company also offers hydroponic products that help users to grow plants, flowers, and vegetables using little or no soil; lighting systems and components for use in hydroponic and indoor gardening applications; insect, rodent, and weed control products for home areas; and non-selective weed killer products. It sells its products under the Scotts, Turf Builder, EZ Seed, PatchMaster, Thick'R Lawn, GrubEx, EdgeGuard, Handy Green II, Miracle-Gro, LiquaFeed, Osmocote, Shake 'N Feed, Hyponex, Earthgro, SuperSoil, Fafard, Nature Scapes, Ortho, Miracle-Gro Performance Organics, Miracle-Gro Organic Choice, Whitney Farms, EcoScraps, Mother Earth, Botanicare, Hydroponics, Vermicrop, Gavita, Agrolux, Can-Filters, Sun System, Gro Pro, Hurricane, AeroGarden, Titan, Tomcat, Ortho Weed B Gon, Roundup, Groundclear, and Alchemist brands. The company serves home centers, mass merchandisers, warehouse clubs, large hardware chains, independent hardware stores, nurseries, garden centers, e-commerce platforms, and food and drug stores, as well as indoor gardening and hydroponic distributors, retailers, and growers. The Scotts Miracle-Gro Company was founded in 1868 and is headquartered in Marysville, Ohio.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Raymond James decreased their target price on Scotts Miracle-Gro from $110.00 to $100.00 and set a "strong-buy" rating for the company in a research note on Thursday, August 4th. Truist Financial cut Scotts Miracle-Gro from a "buy" rating to a "hold" rating and cut their price target for the company from $185.00 to $85.00 in a report on Wednesday, June 8th. Wells Fargo & Company cut Scotts Miracle-Gro from an "overweight" rating to an "equal weight" rating and cut their price target for the company from $115.00 to $85.00 in a report on Wednesday, June 22nd. UBS Group cut their price target on Scotts Miracle-Gro from $92.00 to $86.00 and set a "neutral" rating for the company in a report on Wednesday, August 3rd. Finally, Stifel Nicolaus cut their price target on Scotts Miracle-Gro from $116.00 to $93.00 in a report on Tuesday, June 14th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $113.88.

Scotts Miracle-Gro Stock Down 0.5 %

Shares of SMG opened at $81.59 on Friday. Scotts Miracle-Gro has a 1 year low of $72.58 and a 1 year high of $180.43. The company has a debt-to-equity ratio of 7.55, a current ratio of 2.42 and a quick ratio of 1.10. The stock has a 50 day simple moving average of $83.30 and a 200-day simple moving average of $106.40.

Scotts Miracle-Gro (NYSE:SMG - Get Rating) last issued its earnings results on Wednesday, August 3rd. The basic materials company reported $1.98 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.70 by $0.28. Scotts Miracle-Gro had a positive return on equity of 36.80% and a negative net margin of 6.36%. The business had revenue of $1.19 billion during the quarter, compared to analysts' expectations of $1.23 billion. During the same period in the prior year, the firm posted $3.98 EPS. Scotts Miracle-Gro's quarterly revenue was down 26.3% compared to the same quarter last year. As a group, equities research analysts expect that Scotts Miracle-Gro will post 4.12 earnings per share 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 9th. Stockholders of record on Friday, August 26th will be issued a $0.66 dividend. The ex-dividend date is Thursday, August 25th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 3.24%. Scotts Miracle-Gro's payout ratio is presently -54.66%.

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SMG Stock News Headlines

Scotts Miracle Gro SMG Trading Report
Why Shares in ScottsMiracle-Gro Slumped Today
Scotts Miracle-Gro (NYSE:SMG) Downgraded by TheStreet to D+
Scotts Miracle-Gro (NYSE:SMG) Price Target Cut to $86.00
Mosaic (MOS) Q2 Earnings and Revenues Miss Estimates
Bear of the Day: Scotts Miracle-Gro
UBS Group Downgrades Scotts Miracle-Gro (NYSE:SMG) to Neutral
UBS downgrades Scotts Miracle-Gro to neutral
See More Headlines
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SMG Company Calendar

Ex-Dividend for 6/10 Dividend
5/26/2022
Dividend Payable
6/10/2022
Last Earnings
8/03/2022
Today
8/14/2022
Ex-Dividend for 9/9 Dividend
8/25/2022
Dividend Payable
9/09/2022
Fiscal Year End
9/30/2022
Next Earnings (Estimated)
11/02/2022

Industry, Sector and Symbol

Industry
Agricultural chemicals
Sub-Industry
Fertilizers & Agricultural Chemicals
CUSIP
81018610
Employees
7,300
Year Founded
1868

Price Target and Rating

Average Stock Price Forecast
$113.88
High Stock Price Forecast
$257.00
Low Stock Price Forecast
$85.00
Forecasted Upside/Downside
+39.6%
Consensus Rating
Hold
Rating Score (0-4)
2.38
Research Coverage
8 Analysts

Profitability

Net Income
$512.50 million
Pretax Margin
-8.38%

Debt

Sales & Book Value

Annual Sales
$4.93 billion
Cash Flow
$11.13 per share
Book Value
$7.55 per share

Miscellaneous

Free Float
40,275,000
Market Cap
$4.52 billion
Optionable
Optionable
Beta
1.24

Social Links















SMG Stock - Frequently Asked Questions

Should I buy or sell Scotts Miracle-Gro stock right now?

8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Scotts Miracle-Gro in the last year. There are currently 6 hold ratings, 1 buy rating and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" SMG shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SMG, but not buy additional shares or sell existing shares.
View SMG analyst ratings
or view top-rated stocks.

What is Scotts Miracle-Gro's stock price forecast for 2022?

8 equities research analysts have issued 1-year target prices for Scotts Miracle-Gro's stock. Their SMG share price forecasts range from $85.00 to $257.00. On average, they anticipate the company's stock price to reach $113.88 in the next year. This suggests a possible upside of 39.6% from the stock's current price.
View analysts price targets for SMG
or view top-rated stocks among Wall Street analysts.

How have SMG shares performed in 2022?

Scotts Miracle-Gro's stock was trading at $161.00 at the start of the year. Since then, SMG shares have decreased by 49.3% and is now trading at $81.59.
View the best growth stocks for 2022 here
.

When is Scotts Miracle-Gro's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 2nd 2022.
View our SMG earnings forecast
.

How were Scotts Miracle-Gro's earnings last quarter?

The Scotts Miracle-Gro Company (NYSE:SMG) posted its earnings results on Wednesday, August, 3rd. The basic materials company reported $1.98 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.70 by $0.28. The basic materials company had revenue of $1.19 billion for the quarter, compared to analysts' expectations of $1.23 billion. Scotts Miracle-Gro had a negative net margin of 6.36% and a positive trailing twelve-month return on equity of 36.80%. The firm's revenue for the quarter was down 26.3% on a year-over-year basis. During the same quarter last year, the firm posted $3.98 earnings per share.

How often does Scotts Miracle-Gro pay dividends? What is the dividend yield for Scotts Miracle-Gro?

Scotts Miracle-Gro announced a quarterly dividend on Tuesday, August 2nd. Investors of record on Friday, August 26th will be given a dividend of $0.66 per share on Friday, September 9th. This represents a $2.64 annualized dividend and a yield of 3.24%. The ex-dividend date is Thursday, August 25th.
Read our dividend analysis for SMG
.

Is Scotts Miracle-Gro a good dividend stock?

Scotts Miracle-Gro (NYSE:SMG) pays an annual dividend of $2.64 per share and currently has a dividend yield of 3.22%.
Read our dividend analysis for SMG.

What guidance has Scotts Miracle-Gro issued on next quarter's earnings?

Scotts Miracle-Gro issued an update on its FY 2022 earnings guidance on Wednesday, August, 10th. The company provided earnings per share guidance of $4.00-$4.20 for the period, compared to the consensus earnings per share estimate of $4.93. The company issued revenue guidance of $4.48 billion-$4.53 billion, compared to the consensus revenue estimate of $4.12 billion.

What is Jim Hagedorn's approval rating as Scotts Miracle-Gro's CEO?

284 employees have rated Scotts Miracle-Gro Chief Executive Officer Jim Hagedorn on Glassdoor.com. Jim Hagedorn has an approval rating of 95% among the company's employees. This puts Jim Hagedorn in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Scotts Miracle-Gro own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Scotts Miracle-Gro investors own include Hawkins (HWKN), CA (CA), BlackRock (BLK), Endologix (ELGX), Chipotle Mexican Grill (CMG), Aegean Marine Petroleum Network (ANW), Micron Technology (MU), AutoZone (AZO) and Honeywell International (HON).

What is Scotts Miracle-Gro's stock symbol?

Scotts Miracle-Gro trades on the New York Stock Exchange (NYSE) under the ticker symbol "SMG."

Who are Scotts Miracle-Gro's major shareholders?

Scotts Miracle-Gro's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Kayne Anderson Rudnick Investment Management LLC (9.12%), Wells Fargo & Company MN (1.73%), Northern Trust Corp (1.30%), Personal Capital Advisors Corp (0.68%), Envestnet Asset Management Inc. (0.56%) and Landscape Capital Management L.L.C. (0.37%). Insiders that own company stock include Adam Hanft, Denise Stump, Hagedorn Partnership, LP, Ivan C Smith, James D King, James Hagedorn, John R Vines, Katherine Littlefield Hagedorn, Michael C Lukemire, Nancy G Mistretta, Peter E Shumlin, Robert Hagedorn, Stephen L Johnson and Susan Hagedorn.
View institutional ownership trends
.

How do I buy shares of Scotts Miracle-Gro?

Shares of SMG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Scotts Miracle-Gro's stock price today?

One share of SMG stock can currently be purchased for approximately $81.59.

How much money does Scotts Miracle-Gro make?

Scotts Miracle-Gro (NYSE:SMG) has a market capitalization of $4.52 billion and generates $4.93 billion in revenue each year. The basic materials company earns $512.50 million in net income (profit) each year or ($4.83) on an earnings per share basis.

How many employees does Scotts Miracle-Gro have?

The company employs 7,300 workers across the globe.

When was Scotts Miracle-Gro founded?

Scotts Miracle-Gro was founded in 1868.

How can I contact Scotts Miracle-Gro?

Scotts Miracle-Gro's mailing address is 14111 SCOTTSLAWN ROAD, MARYSVILLE OH, 43041. The official website for the company is www.scotts.com. The basic materials company can be reached via phone at (937) 644-0011, via email at investor@scotts.com, or via fax at 937-578-5754.

This page (NYSE:SMG) was last updated on 8/14/2022 by MarketBeat.com Staff

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