Zacks Research Issues Negative Forecast for SMG Earnings

The Scotts Miracle-Gro Company (NYSE:SMG) – Investment analysts at Zacks Research dropped their Q3 2026 EPS estimates for Scotts Miracle-Gro in a research note issued to investors on Tuesday, November 26th. Zacks Research analyst S. Rathi now expects that the basic materials company will post earnings of $2.10 per share for the quarter, down from their previous estimate of $2.27. The consensus estimate for Scotts Miracle-Gro’s current full-year earnings is $3.36 per share. Zacks Research also issued estimates for Scotts Miracle-Gro’s FY2026 earnings at $3.90 EPS and FY2027 earnings at $2.96 EPS.

SMG has been the topic of several other reports. JPMorgan Chase & Co. lowered their target price on Scotts Miracle-Gro from $85.00 to $80.00 and set an “overweight” rating on the stock in a research report on Thursday, November 7th. Stifel Nicolaus raised their price target on Scotts Miracle-Gro from $75.00 to $81.00 and gave the company a “hold” rating in a report on Monday, November 4th. Wells Fargo & Company reduced their price objective on shares of Scotts Miracle-Gro from $95.00 to $85.00 and set an “overweight” rating for the company in a report on Thursday, November 7th. UBS Group lowered their target price on shares of Scotts Miracle-Gro from $90.00 to $77.00 and set a “neutral” rating on the stock in a research note on Thursday, November 7th. Finally, Truist Financial decreased their price objective on shares of Scotts Miracle-Gro from $90.00 to $70.00 and set a “hold” rating for the company in a report on Friday, November 8th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $78.60.

Scotts Miracle-Gro Trading Down 2.6 %

Shares of NYSE:SMG opened at $75.80 on Thursday. The firm’s 50 day moving average is $82.55 and its two-hundred day moving average is $73.10. The firm has a market capitalization of $4.31 billion, a P/E ratio of -109.86 and a beta of 1.76. Scotts Miracle-Gro has a 52 week low of $53.43 and a 52 week high of $93.90.

Scotts Miracle-Gro Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 22nd will be issued a $0.66 dividend. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $2.64 dividend on an annualized basis and a dividend yield of 3.48%. Scotts Miracle-Gro’s payout ratio is currently -382.61%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. OLD National Bancorp IN boosted its holdings in shares of Scotts Miracle-Gro by 2.7% in the third quarter. OLD National Bancorp IN now owns 5,049 shares of the basic materials company’s stock worth $438,000 after buying an additional 131 shares during the period. Nicollet Investment Management Inc. boosted its stake in Scotts Miracle-Gro by 1.1% in the 3rd quarter. Nicollet Investment Management Inc. now owns 12,845 shares of the basic materials company’s stock worth $1,114,000 after purchasing an additional 135 shares during the period. Hexagon Capital Partners LLC grew its position in Scotts Miracle-Gro by 41.3% during the 2nd quarter. Hexagon Capital Partners LLC now owns 551 shares of the basic materials company’s stock worth $36,000 after purchasing an additional 161 shares in the last quarter. Blue Trust Inc. raised its stake in Scotts Miracle-Gro by 83.6% during the 3rd quarter. Blue Trust Inc. now owns 369 shares of the basic materials company’s stock valued at $32,000 after purchasing an additional 168 shares during the period. Finally, Versant Capital Management Inc lifted its holdings in shares of Scotts Miracle-Gro by 80.1% in the second quarter. Versant Capital Management Inc now owns 389 shares of the basic materials company’s stock valued at $25,000 after purchasing an additional 173 shares in the last quarter. Institutional investors own 74.07% of the company’s stock.

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.