Q2 EPS Forecast for Scotts Miracle-Gro Lowered by Analyst

The Scotts Miracle-Gro Company (NYSE:SMG - Free Report) - Equities researchers at Zacks Research dropped their Q2 2026 EPS estimates for shares of Scotts Miracle-Gro in a note issued to investors on Tuesday, May 20th. Zacks Research analyst R. Department now forecasts that the basic materials company will post earnings of $4.19 per share for the quarter, down from their previous estimate of $4.52. 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 $3.62 EPS and FY2027 earnings at $4.44 EPS.

Several other equities research analysts also recently commented on SMG. Jefferies Financial Group upgraded shares of Scotts Miracle-Gro from a "hold" rating to a "buy" rating and cut their target price for the stock from $72.00 to $69.00 in a research report on Monday, April 7th. Stifel Nicolaus upgraded shares of Scotts Miracle-Gro from a "hold" rating to a "buy" rating and cut their target price for the stock from $78.00 to $70.00 in a research report on Tuesday, March 4th. Truist Financial upgraded shares of Scotts Miracle-Gro from a "hold" rating to a "buy" rating and set a $70.00 target price on the stock in a research report on Wednesday, April 2nd. UBS Group dropped their price target on shares of Scotts Miracle-Gro from $55.00 to $54.00 and set a "neutral" rating on the stock in a research report on Thursday, May 1st. Finally, Wells Fargo & Company boosted their price target on shares of Scotts Miracle-Gro from $65.00 to $67.00 and gave the stock an "overweight" rating in a research report on Tuesday, May 13th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $65.83.

Scotts Miracle-Gro Trading Up 2.8%

NYSE:SMG traded up $1.64 during mid-day trading on Thursday, hitting $61.06. 173,348 shares of the company's stock were exchanged, compared to its average volume of 961,641. The company has a 50 day simple moving average of $55.11 and a 200-day simple moving average of $63.99. Scotts Miracle-Gro has a fifty-two week low of $45.61 and a fifty-two week high of $93.90. The firm has a market capitalization of $3.52 billion, a P/E ratio of -127.03 and a beta of 1.98.

Scotts Miracle-Gro (NYSE:SMG - Get Free Report) last posted its earnings results on Wednesday, April 30th. The basic materials company reported $3.98 EPS for the quarter, topping the consensus estimate of $3.95 by $0.03. Scotts Miracle-Gro had a negative net margin of 0.67% and a negative return on equity of 51.48%. The business had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.50 billion. During the same period last year, the company earned $3.69 EPS. The firm's revenue was down 6.8% compared to the same quarter last year.

Scotts Miracle-Gro Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 23rd will be given a $0.66 dividend. The ex-dividend date of this dividend is Friday, May 23rd. This represents a $2.64 dividend on an annualized basis and a dividend yield of 4.32%. Scotts Miracle-Gro's dividend payout ratio (DPR) is currently 528.00%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Intech Investment Management LLC increased its stake in shares of Scotts Miracle-Gro by 154.4% in the 1st quarter. Intech Investment Management LLC now owns 69,065 shares of the basic materials company's stock valued at $3,791,000 after acquiring an additional 41,912 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Scotts Miracle-Gro by 18.5% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 149,882 shares of the basic materials company's stock valued at $8,227,000 after acquiring an additional 23,446 shares in the last quarter. Woodline Partners LP increased its stake in shares of Scotts Miracle-Gro by 174.2% in the 1st quarter. Woodline Partners LP now owns 170,628 shares of the basic materials company's stock valued at $9,366,000 after acquiring an additional 108,408 shares in the last quarter. Empowered Funds LLC increased its stake in shares of Scotts Miracle-Gro by 26.3% in the 1st quarter. Empowered Funds LLC now owns 7,524 shares of the basic materials company's stock valued at $413,000 after acquiring an additional 1,569 shares in the last quarter. Finally, Aristeia Capital L.L.C. bought a new stake in shares of Scotts Miracle-Gro in the 1st quarter valued at $302,000. Institutional investors and hedge funds own 74.07% of the company's stock.

Scotts Miracle-Gro Company Profile

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.