Key Takeaways:
- Scotts Miracle-Gro Co (SMG, Financial) announces a quarterly dividend payout, reflecting financial stability.
- Analysts project a potential 32.15% upside in SMG stock over the next year.
- Brokerage firms maintain an "Outperform" rating for SMG, indicating investor confidence.
Scotts Miracle-Gro Co (NYSE: SMG), a prominent name in the lawn and garden industry, has once again demonstrated its commitment to shareholder value by declaring a quarterly cash dividend of $0.66 per share. Shareholders on record by May 23, 2025, will receive their dividends on June 6, 2025. This announcement underscores the company's financial health and its consistent approach to rewarding shareholders.
Wall Street Analysts Forecast
Examining the one-year price targets provided by seven analysts, The Scotts Miracle-Gro Co (SMG, Financial) showcases an average target price of $70.14. Price estimates range from a high of $82.00 to a low of $55.00, highlighting a potential upside of 32.15% from its current trading price of $53.08. Investors can access more in-depth estimate data on the The Scotts Miracle-Gro Co (SMG) Forecast page. This data reflects analysts' optimism regarding the stock's performance.
Further adding to investor confidence, the consensus recommendation from ten brokerage firms positions The Scotts Miracle-Gro Co's (SMG, Financial) average brokerage recommendation at 2.0, indicating an "Outperform" status. This consensus reinforces the positive outlook for the company's stock, as the rating scale from 1 to 5 marks 1 as Strong Buy and 5 as Sell, with SMG's rating close to the top.
According to GuruFocus estimates, the projected GF Value for The Scotts Miracle-Gro Co (SMG, Financial) in the coming year is $65.21. This estimation suggests a notable upside of 22.85% from the current price of $53.08. The GF Value represents GuruFocus' estimation of a stock's fair value, derived from historical trading multiples, past business growth, and future business performance forecasts. Investors seeking comprehensive data can visit the The Scotts Miracle-Gro Co (SMG) Summary page for more insights.
Investors keeping an eye on The Scotts Miracle-Gro Co (SMG, Financial) should consider the positive analyst forecasts and strong brokerage recommendations as key indicators of potential profitability and value retention in their investment portfolios.
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