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 6 hold ratings and 1 strong buy rating for the stock. The consensus among Wall Street 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 brokerages have issued 12-month price objectives for Scotts Miracle-Gro's shares. Their SMG share price forecasts range from $75.00 to $110.00. On average, they predict the company's stock price to reach $92.00 in the next year. This suggests a possible upside of 59.7% from the stock's current price.
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Scotts Miracle-Gro's stock was trading at $161.00 on January 1st, 2022. Since then, SMG shares have decreased by 64.2% and is now trading at $57.61.
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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) announced its quarterly earnings data on Wednesday, August, 3rd. The basic materials company reported $1.98 earnings per share (EPS) 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 the consensus estimate 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 company's revenue for the quarter was down 26.3% compared to the same quarter last year. During the same quarter in the prior year, the firm 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 dividend yield of 4.58%. The ex-dividend date 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 4.56%. 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 updated 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 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.

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."

Scotts Miracle-Gro's stock is owned by many different retail and institutional investors. Top institutional shareholders include Kayne Anderson Rudnick Investment Management LLC (9.12%), Price T Rowe Associates Inc. MD (3.00%), Macquarie Group Ltd. (2.16%), State Street Corp (2.16%), Wells Fargo & Company MN (1.73%) and Northern Trust Corp (1.30%). 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, Peter E Shumlin, Robert Hagedorn, 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 $57.61.

Scotts Miracle-Gro (NYSE:SMG) has a market capitalization of $3.19 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 was founded in 1868.

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.