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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)
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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
3.22%
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
-0.24mentions of Scotts Miracle-Gro in the last 14 days
Based on 14 Articles This Week
Insider Trading
Selling Shares
$5.86 M Sold Last Quarter
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.

2.96 out of 5 stars

Basic Materials Sector

12th out of 172 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.

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.

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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
8/13/2022
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
$11.09 per share
Book Value
$7.55 per share

Miscellaneous

Free Float
40,264,000
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 equities research analysts have issued "buy," "hold," and "sell" ratings for Scotts Miracle-Gro in the last twelve months. There are currently 6 hold ratings, 1 buy rating and 1 strong buy rating for the stock. The consensus among Wall Street equities 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 Wall Street analysts have issued 1-year target prices for Scotts Miracle-Gro's shares. Their SMG share price forecasts range from $85.00 to $257.00. On average, they anticipate the company's share 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 beginning of 2022. Since then, SMG stock has 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) issued its quarterly earnings data on Wednesday, August, 3rd. The basic materials company reported $1.98 earnings per share for the quarter, topping the consensus estimate 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 earned $3.98 EPS.

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. Stockholders of record on Friday, August 26th will be paid a dividend of $0.66 per share on Friday, September 9th. This represents a $2.64 dividend on an annualized basis and a yield of 3.24%. The ex-dividend date of this dividend 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 (EPS) guidance of $4.00-$4.20 for the period, compared to the consensus EPS 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 number 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, Susan Hagedorn and Thomas N Kelly Jr.
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 8/13/2022 by MarketBeat.com Staff

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