The Scotts Miracle-Gro Company stock starts a USD 500.0 million buyback program

Published on 09/29/2026 at 20:53 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

The Scotts Miracle-Gro Company stock is tied to fiscal 2026 adjusted EPS guidance of USD 4.30 to USD 4.45. A September 29, 2026 quote put the NYSE listing at USD 49.34, with a market value of USD 2.9 billion.

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Scotts Miracle-Gro stock is entering a USD 500.0 million repurchase program while management maintains fiscal 2026 adjusted EPS guidance of USD 4.30 to USD 4.45. The company also set November 4, 2026, for its full-year results, according to ScottsMiracle-Gro in its September 15, 2026 release.

Buyback starts alongside debt actions

The company repurchased USD 25.0 million of shares during August 2026, marking the start of the board-authorized USD 500.0 million program. It also redeemed USD 250.0 million of senior notes on September 11, 2026, while renewing a USD 750.0 million accounts receivable facility through August 31, 2027, according to ScottsMiracle-Gro.

The capital-allocation mix matters because management is pursuing shareholder returns while targeting a leverage ratio in the high 3s. The same release said fiscal 2026 free cash flow reached its USD 275.0 million target and that adjusted gross margin guidance remained at least 32.00 percent.

Quarterly earnings beat consensus

For fiscal third-quarter 2026, adjusted EPS came in at USD 2.82 versus a USD 2.48 consensus estimate, a USD 0.34 beat. Revenue reached USD 1.17 billion and increased 1.10 percent year over year, according to MarketBeat on September 15, 2026.

Analyst expectations remain divided on valuation. MarketBeat reported on September 29, 2026, that Stifel cut its target from USD 76.00 to USD 75.00 while retaining a Buy rating. The report cited a consensus target of USD 75.20.

NYSE quote stays near yearly low

The NYSE listing was trading at USD 49.34 on September 29, 2026, at 2:51 p.m. ET, with a market capitalization of USD 2.9 billion. Its 52-week range was USD 47.90 to USD 75.34, leaving the current quote USD 1.44 above the yearly low.