Q3 EPS Estimate for Scotts Miracle-Gro Lowered by Analyst

The Scotts Miracle-Gro Company (NYSE:SMG) – Investment analysts at Zacks Research dropped their Q3 2026 earnings estimates for shares of Scotts Miracle-Gro in a report released on Tuesday, November 26th. Zacks Research analyst S. Rathi now expects that the basic materials company will earn $2.10 per share for the quarter, down from their prior forecast 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.

Other research analysts also recently issued research reports about the company. 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 note on Thursday, November 7th. UBS Group lowered their price target on Scotts Miracle-Gro from $90.00 to $77.00 and set a “neutral” rating for the company in a research note on Thursday, November 7th. Wells Fargo & Company cut their price objective on shares of Scotts Miracle-Gro from $95.00 to $85.00 and set an “overweight” rating on the stock in a research report on Thursday, November 7th. Stifel Nicolaus boosted their target price on shares of Scotts Miracle-Gro from $75.00 to $81.00 and gave the stock a “hold” rating in a research report on Monday, November 4th. Finally, Truist Financial cut their price target on shares of Scotts Miracle-Gro from $90.00 to $70.00 and set a “hold” rating on the stock in a report on Friday, November 8th. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $78.60.

Scotts Miracle-Gro Stock Down 2.6 %

Scotts Miracle-Gro stock opened at $75.80 on Thursday. Scotts Miracle-Gro has a 12 month low of $53.43 and a 12 month high of $93.90. The company’s fifty day simple moving average is $82.55 and its 200-day simple moving average is $73.10. The stock has a market cap of $4.31 billion, a P/E ratio of -109.86 and a beta of 1.76.

Scotts Miracle-Gro Announces Dividend

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Scientech Research LLC bought a new stake in Scotts Miracle-Gro during the 2nd quarter valued at approximately $866,000. Retirement Systems of Alabama boosted its position in shares of Scotts Miracle-Gro by 309.5% in the second quarter. Retirement Systems of Alabama now owns 215,717 shares of the basic materials company’s stock valued at $14,035,000 after acquiring an additional 163,037 shares during the period. Deprince Race & Zollo Inc. grew its stake in shares of Scotts Miracle-Gro by 2.2% in the second quarter. Deprince Race & Zollo Inc. now owns 672,556 shares of the basic materials company’s stock worth $43,756,000 after acquiring an additional 14,533 shares during the last quarter. AQR Capital Management LLC grew its stake in shares of Scotts Miracle-Gro by 194.2% in the second quarter. AQR Capital Management LLC now owns 761,063 shares of the basic materials company’s stock worth $49,515,000 after acquiring an additional 502,353 shares during the last quarter. Finally, Simplicity Wealth LLC increased its position in Scotts Miracle-Gro by 12.0% during the second quarter. Simplicity Wealth LLC now owns 71,412 shares of the basic materials company’s stock worth $4,646,000 after acquiring an additional 7,644 shares during the period. 74.07% of the stock is currently 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.