Zacks Research Issues Negative Forecast for SMG Earnings

The Scotts Miracle-Gro Company (NYSE:SMG - Free Report) - Analysts at Zacks Research dropped their Q2 2026 earnings per share estimates for shares of Scotts Miracle-Gro in a research note issued to investors on Wednesday, July 16th. Zacks Research analyst R. Department now anticipates that the basic materials company will post earnings of $3.99 per share for the quarter, down from their previous estimate of $4.19. The consensus estimate for Scotts Miracle-Gro's current full-year earnings is $3.42 per share. Zacks Research also issued estimates for Scotts Miracle-Gro's FY2026 earnings at $3.44 EPS and Q2 2027 earnings at $4.45 EPS.

Scotts Miracle-Gro (NYSE:SMG - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The basic materials company reported $3.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.95 by $0.03. The business had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.50 billion. Scotts Miracle-Gro had a negative return on equity of 56.15% and a net margin of 1.04%. The firm's quarterly revenue was down 6.8% on a year-over-year basis. During the same period in the previous year, the company posted $3.69 EPS.

Several other analysts also recently issued reports on SMG. Wells Fargo & Company boosted their price target on Scotts Miracle-Gro from $72.00 to $75.00 and gave the company an "overweight" rating in a research note on Wednesday, July 9th. Jefferies Financial Group upgraded Scotts Miracle-Gro from a "hold" rating to a "buy" rating and reduced their price target for the company from $72.00 to $69.00 in a research note on Monday, April 7th. JPMorgan Chase & Co. reduced their price target on Scotts Miracle-Gro from $80.00 to $65.00 and set an "overweight" rating for the company in a research note on Thursday, May 1st. UBS Group restated a "neutral" rating and issued a $71.00 price target (up from $54.00) on shares of Scotts Miracle-Gro in a research note on Thursday. Finally, Stifel Nicolaus cut Scotts Miracle-Gro from a "buy" rating to a "hold" rating and lifted their price objective for the company from $70.00 to $71.00 in a report on Monday, June 9th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $71.83.

Scotts Miracle-Gro Price Performance

SMG traded down $0.82 during trading on Friday, hitting $66.67. The stock had a trading volume of 685,876 shares, compared to its average volume of 950,938. The company has a 50 day moving average price of $63.62 and a 200-day moving average price of $61.81. The firm has a market cap of $3.85 billion, a price-to-earnings ratio of 133.34 and a beta of 2.01. Scotts Miracle-Gro has a one year low of $45.61 and a one year high of $93.90.

Scotts Miracle-Gro Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 23rd were issued a $0.66 dividend. The ex-dividend date of this dividend was Friday, May 23rd. This represents a $2.64 annualized dividend and a yield of 3.96%. Scotts Miracle-Gro's dividend payout ratio is presently 528.00%.

Hedge Funds Weigh In On Scotts Miracle-Gro

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SMG. American National Bank & Trust acquired a new position in shares of Scotts Miracle-Gro during the 2nd quarter worth $28,000. Spire Wealth Management raised its holdings in shares of Scotts Miracle-Gro by 477.9% during the 1st quarter. Spire Wealth Management now owns 549 shares of the basic materials company's stock worth $30,000 after buying an additional 454 shares in the last quarter. UMB Bank n.a. raised its holdings in shares of Scotts Miracle-Gro by 479.4% during the 1st quarter. UMB Bank n.a. now owns 562 shares of the basic materials company's stock worth $31,000 after buying an additional 465 shares in the last quarter. Avalon Trust Co acquired a new position in shares of Scotts Miracle-Gro during the 1st quarter worth $41,000. Finally, Frazier Financial Advisors LLC acquired a new position in shares of Scotts Miracle-Gro during the 4th quarter worth $45,000. 74.07% of the stock is owned by institutional investors and hedge funds.

About Scotts Miracle-Gro

The Scotts Miracle-Gro Company, together with its subsidiaries, manufactures, markets, and sells products for lawn, garden care, and indoor and hydroponic gardening in the United States and internationally. It operates through three segments: U.S. Consumer, Hawthorne, and Other. The company provides lawn care products, comprising lawn fertilizers, grass seed products, spreaders, and other durable products, as well as lawn-related weed, pest, and disease control products; and gardening and landscape products, which include water-soluble and continuous-release plant foods, potting mixes, garden soils, mulches and ground cover products, plant-related pest and disease control products, organic garden products, and live goods and seeding solutions.