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

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Scotts Miracle-Gro in the last year. There are currently 6 hold ratings 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.
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7 analysts have issued 12-month price objectives for Scotts Miracle-Gro's stock. Their SMG share price forecasts range from $75.00 to $110.00. On average, they expect the company's stock price to reach $92.00 in the next year. This suggests a possible upside of 115.2% from the stock's current price.
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Scotts Miracle-Gro's stock was trading at $161.00 at the beginning of the year. Since then, SMG stock has decreased by 73.4% and is now trading at $42.75.
View the best growth stocks for 2022 here.

Scotts Miracle-Gro saw a increase in short interest in September. As of September 15th, there was short interest totaling 2,490,000 shares, an increase of 31.7% from the August 31st total of 1,890,000 shares. Based on an average daily volume of 593,800 shares, the days-to-cover ratio is currently 4.2 days. Approximately 6.2% of the company's stock are short sold.
View Scotts Miracle-Gro's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 2nd 2022.
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The Scotts Miracle-Gro Company (NYSE:SMG) issued its earnings results on Wednesday, August, 3rd. The basic materials company reported $1.98 earnings per share for the quarter, topping analysts' consensus estimates of $1.70 by $0.28. The basic materials company earned $1.19 billion during the quarter, compared to analyst estimates of $1.23 billion. Scotts Miracle-Gro had a positive trailing twelve-month return on equity of 36.80% and a negative net margin of 6.36%. The business's revenue was down 26.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.98 earnings per share.

Scotts Miracle-Gro declared 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 dividend on an annualized basis and a yield of 6.18%. The ex-dividend date of this dividend is Thursday, August 25th.
Read our dividend analysis for SMG.

Scotts Miracle-Gro (NYSE:SMG) pays an annual dividend of $2.64 per share and currently has a dividend yield of 5.98%. 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 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.

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 Honeywell International (HON).

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

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 $42.75.

Scotts Miracle-Gro (NYSE:SMG) has a market capitalization of $2.37 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.

The company employs 7,300 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.