The Scotts Miracle-Gro Stock Forecast, Price & News

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for The Scotts Miracle-Gro in the last year. There are currently 1 hold rating, 6 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" The Scotts Miracle-Gro stock.
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The Scotts Miracle-Gro is scheduled to release its next quarterly earnings announcement on Wednesday, August 4th 2021.
View our earnings forecast for The Scotts Miracle-Gro.

The Scotts Miracle-Gro will be holding an earnings conference call on Wednesday, August 4th at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 888-203-1112 with passcode "2106695".

The Scotts Miracle-Gro Company (NYSE:SMG) posted its quarterly earnings data on Wednesday, May, 5th. The basic materials company reported $5.64 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $5.51 by $0.13. The basic materials company earned $1.83 billion during the quarter, compared to the consensus estimate of $1.72 billion. The Scotts Miracle-Gro had a trailing twelve-month return on equity of 67.91% and a net margin of 10.91%. The company's revenue was up 32.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $4.50 EPS.
View The Scotts Miracle-Gro's earnings history.

The Scotts Miracle-Gro's stock was trading at $104.24 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, SMG stock has increased by 67.4% and is now trading at $174.52.
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The Scotts Miracle-Gro announced a quarterly dividend on Monday, August 2nd. Stockholders of record on Friday, August 27th will be given a dividend of $0.66 per share on Friday, September 10th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 1.51%. The ex-dividend date is Thursday, August 26th. This is a positive change from The Scotts Miracle-Gro's previous quarterly dividend of $0.62.
View The Scotts Miracle-Gro's dividend history.

The Scotts Miracle-Gro pays an annual dividend of $2.48 per share and currently has a dividend yield of 1.40%. The Scotts Miracle-Gro has been increasing its dividend for 11 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio of The Scotts Miracle-Gro is 34.25%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, The Scotts Miracle-Gro will have a dividend payout ratio of 27.62% next year. This indicates that The Scotts Miracle-Gro will be able to sustain or increase its dividend.
View The Scotts Miracle-Gro's dividend history.

The Scotts Miracle-Gro issued an update on its FY 2021 earnings guidance on Tuesday, June, 29th. The company provided EPS guidance of $9.000-$9.300 for the period, compared to the Thomson Reuters consensus EPS estimate of $9.150. The company issued revenue guidance of $4.83 billion-$4.92 billion, compared to the consensus revenue estimate of $4.76 billion.

8 Wall Street analysts have issued 1-year price targets for The Scotts Miracle-Gro's stock. Their forecasts range from $198.00 to $270.00. On average, they anticipate The Scotts Miracle-Gro's stock price to reach $232.88 in the next twelve months. This suggests a possible upside of 33.4% from the stock's current price.
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284 employees have rated The Scotts Miracle-Gro CEO Jim Hagedorn on Glassdoor.com. Jim Hagedorn has an approval rating of 95% among The Scotts Miracle-Gro's employees. This puts Jim Hagedorn in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Some companies that are related to The Scotts Miracle-Gro include The Mosaic (MOS), CF Industries (CF), American Vanguard (AVD), Intrepid Potash (IPI) and Monument Circle Acquisition (MON).
View all of SMG's competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other The 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), (CGC), AutoZone (AZO) and Honeywell International (HON).

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

The Scotts Miracle-Gro's stock is owned by a variety of institutional and retail investors. Top institutional investors include Fisher Asset Management LLC (1.31%), New York State Common Retirement Fund (0.48%), RWC Asset Management LLP (0.20%), Alliancebernstein L.P. (0.13%), Scout Investments Inc. (0.13%) and Davy Global Fund Management Ltd (0.11%). Company insiders that own The Scotts Miracle-Gro 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, Susan Hagedorn and Thomas N Kelly Jr.
View institutional ownership trends for The Scotts Miracle-Gro.

SMG stock was sold by a variety of institutional investors in the last quarter, including Scout Investments Inc., Fisher Asset Management LLC, RWC Asset Management LLP, Calamos Advisors LLC, Alliancebernstein L.P., Advisor Group Holdings Inc., State of Michigan Retirement System, and New York State Common Retirement Fund. Company insiders that have sold The Scotts Miracle-Gro company stock in the last year include Denise Stump, Ivan C Smith, James D King, James Hagedorn, John R Vines, Katherine Littlefield Hagedorn, Michael C Lukemire, Peter E Shumlin, Stephen L Johnson, and Susan Hagedorn.
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SMG stock was acquired by a variety of institutional investors in the last quarter, including Davy Global Fund Management Ltd, DAVENPORT & Co LLC, Trinity Legacy Partners LLC, North Star Investment Management Corp., CHICAGO TRUST Co NA, Great Valley Advisor Group Inc., New Mexico Educational Retirement Board, and Emerald Advisers LLC.
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Shares of SMG 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 $174.52.

The Scotts Miracle-Gro has a market capitalization of $9.72 billion and generates $4.13 billion in revenue each year. The basic materials company earns $387.40 million in net income (profit) each year or $7.24 on an earnings per share basis.

The Scotts Miracle-Gro employs 5,932 workers across the globe.

The Scotts Miracle-Gro was founded in 1868.

The official website for The Scotts Miracle-Gro is www.scotts.com.

The Scotts Miracle-Gro is headquartered at 14111 SCOTTSLAWN ROAD, MARYSVILLE OH, 43041.

The Scotts Miracle-Gro's mailing address is 14111 SCOTTSLAWN ROAD, MARYSVILLE OH, 43041. The basic materials company can be reached via phone at 937-644-0011 or via email at [email protected]