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

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.

Scotts Miracle-Gro Trading Down 0.5 %

Scotts Miracle-Gro stock traded down $0.42 during midday trading on Friday, reaching $81.59. The stock had a trading volume of 458,864 shares, compared to its average volume of 487,140. The firm's fifty day simple moving average is $83.30 and its two-hundred day simple moving average is $106.69. Scotts Miracle-Gro has a twelve month low of $72.58 and a twelve month high of $180.43. The company has a current ratio of 2.42, a quick ratio of 1.10 and a debt-to-equity ratio of 7.55.

Scotts Miracle-Gro (NYSE:SMG - Get Rating) last posted its quarterly earnings data on Wednesday, August 3rd. The basic materials company reported $1.98 EPS for the quarter, topping analysts' consensus estimates of $1.70 by $0.28. The firm had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.23 billion. Scotts Miracle-Gro had a negative net margin of 6.36% and a positive return on equity of 36.80%. The company's revenue was down 26.3% on a year-over-year basis. During the same quarter last year, the business posted $3.98 EPS. As a group, sell-side analysts anticipate that Scotts Miracle-Gro will post 4.12 earnings per share for the current fiscal year.

Scotts Miracle-Gro Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 9th. Shareholders of record on Friday, August 26th will be paid a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a dividend yield of 3.24%. The ex-dividend date of this dividend is Thursday, August 25th. Scotts Miracle-Gro's dividend payout ratio (DPR) is currently -54.66%.

Analyst Ratings Changes

A number of brokerages have issued reports on SMG. JPMorgan Chase & Co. cut shares of Scotts Miracle-Gro from an "overweight" rating to a "neutral" rating and cut their target price for the stock from $130.00 to $95.00 in a report on Thursday, June 9th. Barclays lowered shares of Scotts Miracle-Gro from an "overweight" rating to an "equal weight" rating and lowered their price objective for the company from $150.00 to $110.00 in a research note on Thursday, April 21st. Raymond James lowered their price objective on shares of Scotts Miracle-Gro from $110.00 to $100.00 and set a "strong-buy" rating on the stock in a research note on Thursday, August 4th. UBS Group decreased their price target on shares of Scotts Miracle-Gro from $92.00 to $86.00 and set a "neutral" rating on the stock in a research report on Wednesday, August 3rd. Finally, Wells Fargo & Company lowered shares of Scotts Miracle-Gro from an "overweight" rating to an "equal weight" rating and decreased their price target for the stock from $115.00 to $85.00 in a research report on Wednesday, June 22nd. One research analyst has rated the stock with a sell rating, six have given a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $113.88.