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

7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Scotts Miracle-Gro in the last year. There are currently 3 hold ratings, 3 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" SMG shares.
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7 brokerages have issued 1 year price targets for Scotts Miracle-Gro's shares. Their SMG share price forecasts range from $55.00 to $80.00. On average, they expect the company's share price to reach $67.86 in the next twelve months. This suggests a possible upside of 32.9% from the stock's current price.
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Scotts Miracle-Gro's stock was trading at $48.59 on January 1st, 2023. Since then, SMG shares have increased by 5.1% and is now trading at $51.0750.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 1st 2023.
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The Scotts Miracle-Gro Company (NYSE:SMG) released its quarterly earnings results on Wednesday, August, 2nd. The basic materials company reported $1.17 EPS for the quarter, missing the consensus estimate of $1.41 by $0.24. The basic materials company had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.15 billion. Scotts Miracle-Gro had a negative net margin of 3.59% and a positive trailing twelve-month return on equity of 91.85%. Scotts Miracle-Gro's revenue was down 5.7% compared to the same quarter last year. During the same period in the prior year, the business earned $1.98 earnings per share.

Scotts Miracle-Gro declared a quarterly dividend on Tuesday, August 1st. Stockholders of record on Friday, August 25th will be given a dividend of $0.66 per share on Friday, September 8th. This represents a $2.64 dividend on an annualized basis and a yield of 5.17%. The ex-dividend date of this dividend is Thursday, August 24th.
Read our dividend analysis for SMG.

ETFs with the largest weight of Scotts Miracle-Gro (NYSE:SMG) stock in their portfolio include AXS Cannabis ETF (THCX), Cambria Cannabis ETF (TOKE), Aztlan Global Stock Selection DM SMID ETF (AZTD), WisdomTree U.S. SmallCap Quality Dividend Growth Fund (DGRS), Invesco Dorsey Wright Basic Materials Momentum ETF (PYZ), Syntax Stratified MidCap ETF (SMDY), ETFMG Alternative Harvest ETF (MJ) and WisdomTree U.S. SmallCap Dividend Fund (DES).

Scotts Miracle-Gro (NYSE:SMG) pays an annual dividend of $2.64 per share and currently has a dividend yield of 5.05%. SMG has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer.
Read our dividend analysis for SMG.

Scotts Miracle-Gro issued an update on its FY 2023 earnings guidance on Wednesday, August, 2nd. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $3.49 billion-$3.53 billion, compared to the consensus revenue estimate of $3.68 billion.

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.

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

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

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 (8.81%), BlackRock Inc. (7.50%), Earnest Partners LLC (4.64%), State Street Corp (2.22%), Northern Trust Corp (1.59%) and Bank of New York Mellon Corp (1.29%). Insiders that own company stock include David C Evans, Denise Stump, Hagedorn Partnership, LP, Ivan C Smith, James D King, James Hagedorn, Katherine Littlefield Hagedorn, Michael C Lukemire, Peter E Shumlin, Stephen L Johnson and Susan Hagedorn.
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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.
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One share of SMG stock can currently be purchased for approximately $51.08.

Scotts Miracle-Gro (NYSE:SMG) has a market capitalization of $2.87 billion and generates $3.92 billion in revenue each year. The basic materials company earns $-437,500,000.00 in net income (profit) each year or ($2.43) on an earnings per share basis.

The company employs 6,100 workers across the globe.

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.