Research Analysts Offer Predictions for SMG Q3 Earnings

The Scotts Miracle-Gro Company (NYSE:SMG) – Equities research analysts at Zacks Research reduced their Q3 2026 earnings estimates for shares of Scotts Miracle-Gro in a research report issued on Tuesday, November 26th. Zacks Research analyst S. Rathi now forecasts 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.

A number of other research analysts have also issued reports on the stock. UBS Group decreased 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 report on Thursday, November 7th. JPMorgan Chase & Co. decreased their target price on shares of 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 increased their price target 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. Truist Financial reduced 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 research report on Friday, November 8th. Finally, Wells Fargo & Company reduced their price target 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. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $78.60.

Scotts Miracle-Gro Stock Down 2.6 %

Shares of NYSE:SMG opened at $75.77 on Thursday. The company’s 50 day moving average price is $82.49 and its two-hundred day moving average price is $73.08. Scotts Miracle-Gro has a 12-month low of $53.43 and a 12-month high of $93.90. The firm has a market cap of $4.31 billion, a PE ratio of -109.81 and a beta of 1.76.

Scotts Miracle-Gro Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Investors 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 annualized dividend and a dividend yield of 3.48%. Scotts Miracle-Gro’s dividend payout ratio is -382.61%.

Hedge Funds Weigh In On Scotts Miracle-Gro

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Franklin Resources Inc. lifted its stake in Scotts Miracle-Gro by 13.9% in the 3rd quarter. Franklin Resources Inc. now owns 58,918 shares of the basic materials company’s stock valued at $5,171,000 after purchasing an additional 7,206 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in Scotts Miracle-Gro in the 3rd quarter valued at approximately $44,000. Anchor Investment Management LLC lifted its stake in Scotts Miracle-Gro by 5,300.0% in the 3rd quarter. Anchor Investment Management LLC now owns 702 shares of the basic materials company’s stock valued at $61,000 after purchasing an additional 689 shares during the last quarter. Geode Capital Management LLC lifted its stake in Scotts Miracle-Gro by 2.1% in the 3rd quarter. Geode Capital Management LLC now owns 708,558 shares of the basic materials company’s stock valued at $61,448,000 after purchasing an additional 14,730 shares during the last quarter. Finally, Public Employees Retirement System of Ohio lifted its stake in Scotts Miracle-Gro by 61.0% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 28,101 shares of the basic materials company’s stock valued at $2,436,000 after purchasing an additional 10,645 shares during the last quarter. Institutional investors 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.