Zacks Research Issues Pessimistic Outlook for SMG Earnings

The Scotts Miracle-Gro Company (NYSE:SMG) – Equities researchers at Zacks Research dropped their Q2 2026 EPS estimates for Scotts Miracle-Gro in a note issued to investors on Wednesday, July 16th. Zacks Research analyst R. Department now expects that the basic materials company will post earnings of $3.99 per share for the quarter, down from their prior forecast 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) last issued its quarterly earnings data 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. Scotts Miracle-Gro had a net margin of 1.04% and a negative return on equity of 56.15%. The company had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter last year, the company earned $3.69 earnings per share. Scotts Miracle-Gro’s revenue for the quarter was down 6.8% on a year-over-year basis.

A number of other analysts also recently weighed in on SMG. JPMorgan Chase & Co. decreased their price target on shares of Scotts Miracle-Gro from $80.00 to $65.00 and set an “overweight” rating for the company in a research report on Thursday, May 1st. Truist Financial set a $80.00 price target on shares of Scotts Miracle-Gro and gave the stock a “buy” rating in a research report on Monday, July 14th. UBS Group reissued a “neutral” rating and set a $71.00 price target (up previously from $54.00) on shares of Scotts Miracle-Gro in a research report on Thursday. Jefferies Financial Group raised shares of Scotts Miracle-Gro from a “hold” rating to a “buy” rating and decreased their price target for the stock from $72.00 to $69.00 in a research report on Monday, April 7th. Finally, Stifel Nicolaus downgraded shares of Scotts Miracle-Gro from a “buy” rating to a “hold” rating and raised their price target for the stock from $70.00 to $71.00 in a research report on Monday, June 9th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Scotts Miracle-Gro presently has a consensus rating of “Moderate Buy” and an average target price of $71.83.

Scotts Miracle-Gro Stock Down 1.2%

Shares of NYSE:SMG opened at $66.67 on Friday. Scotts Miracle-Gro has a 52-week low of $45.61 and a 52-week high of $93.90. The company has a 50 day moving average of $63.62 and a two-hundred day moving average of $61.81. The company has a market capitalization of $3.85 billion, a price-to-earnings ratio of 133.34 and a beta of 2.01.

Scotts Miracle-Gro Announces Dividend

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

Institutional Investors Weigh In On Scotts Miracle-Gro

A number of hedge funds and other institutional investors have recently modified their holdings of SMG. American National Bank & Trust bought a new stake in shares of Scotts Miracle-Gro during the second quarter valued at about $28,000. Spire Wealth Management raised its stake in shares of Scotts Miracle-Gro by 477.9% during the first quarter. Spire Wealth Management now owns 549 shares of the basic materials company’s stock valued at $30,000 after purchasing an additional 454 shares in the last quarter. UMB Bank n.a. raised its stake in shares of Scotts Miracle-Gro by 479.4% during the first quarter. UMB Bank n.a. now owns 562 shares of the basic materials company’s stock valued at $31,000 after purchasing an additional 465 shares in the last quarter. Avalon Trust Co bought a new stake in shares of Scotts Miracle-Gro during the first quarter valued at about $41,000. Finally, Frazier Financial Advisors LLC bought a new stake in shares of Scotts Miracle-Gro during the fourth quarter valued at about $45,000. 74.07% of the stock is currently owned by institutional investors.

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.