Q2 EPS Forecast for Scotts Miracle-Gro Decreased by Analyst

The Scotts Miracle-Gro Company (NYSE:SMG) – Equities research analysts at Zacks Research reduced their Q2 2026 earnings per share (EPS) estimates for shares of Scotts Miracle-Gro in a report issued on Wednesday, July 16th. Zacks Research analyst R. Department now forecasts that the basic materials company will earn $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 posted its earnings results on Wednesday, April 30th. The basic materials company reported $3.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.95 by $0.03. The company had revenue of $1.42 billion for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period last year, the business posted $3.69 earnings per share.

Several other equities analysts have also recently weighed in on the company. UBS Group reaffirmed a “neutral” rating and set a $71.00 target price (up previously from $54.00) on shares of Scotts Miracle-Gro in a research note on Thursday. Truist Financial set a $80.00 price target on Scotts Miracle-Gro and gave the company a “buy” rating in a research note on Monday, July 14th. Stifel Nicolaus cut Scotts Miracle-Gro from a “buy” rating to a “hold” rating and boosted their price target for the company from $70.00 to $71.00 in a research note on Monday, June 9th. 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. Finally, Jefferies Financial Group raised Scotts Miracle-Gro from a “hold” rating to a “buy” rating and lowered their price target for the company from $72.00 to $69.00 in a research note on Monday, April 7th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Scotts Miracle-Gro currently has a consensus rating of “Moderate Buy” and an average price target of $71.83.

Scotts Miracle-Gro Trading Down 1.2%

Shares of Scotts Miracle-Gro stock opened at $66.67 on Friday. The company’s 50-day moving average price is $63.62 and its two-hundred day moving average price is $61.78. Scotts Miracle-Gro has a 52 week low of $45.61 and a 52 week high of $93.90. The stock has a market cap of $3.85 billion, a PE ratio of 133.34 and a beta of 2.01.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in SMG. Moors & Cabot Inc. lifted its position in shares of Scotts Miracle-Gro by 3.1% during the 1st quarter. Moors & Cabot Inc. now owns 6,415 shares of the basic materials company’s stock valued at $352,000 after acquiring an additional 191 shares during the period. Huntington National Bank lifted its position in shares of Scotts Miracle-Gro by 5.8% during the 4th quarter. Huntington National Bank now owns 3,664 shares of the basic materials company’s stock valued at $243,000 after acquiring an additional 200 shares during the period. Oregon Public Employees Retirement Fund lifted its position in shares of Scotts Miracle-Gro by 2.3% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 8,826 shares of the basic materials company’s stock valued at $484,000 after acquiring an additional 200 shares during the period. State of Michigan Retirement System lifted its position in shares of Scotts Miracle-Gro by 2.0% during the 1st quarter. State of Michigan Retirement System now owns 10,300 shares of the basic materials company’s stock valued at $565,000 after acquiring an additional 200 shares during the period. Finally, Sagespring Wealth Partners LLC lifted its position in shares of Scotts Miracle-Gro by 4.8% during the 1st quarter. Sagespring Wealth Partners LLC now owns 4,524 shares of the basic materials company’s stock valued at $248,000 after acquiring an additional 207 shares during the period. 74.07% of the stock is currently owned by institutional investors.

Scotts Miracle-Gro Dividend Announcement

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

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.