Equities Analysts Set Expectations for SMG Q1 Earnings

The Scotts Miracle-Gro Company (NYSE:SMG - Free Report) - Research analysts at William Blair issued their Q1 2025 earnings per share estimates for Scotts Miracle-Gro in a note issued to investors on Wednesday, November 6th. William Blair analyst J. Andersen expects that the basic materials company will earn ($1.27) per share for the quarter. The consensus estimate for Scotts Miracle-Gro's current full-year earnings is $3.69 per share. William Blair also issued estimates for Scotts Miracle-Gro's Q2 2025 earnings at $3.75 EPS, Q3 2025 earnings at $2.23 EPS and Q4 2025 earnings at ($1.40) EPS.

Scotts Miracle-Gro (NYSE:SMG - Get Free Report) last announced its quarterly earnings results on Wednesday, November 6th. The basic materials company reported ($2.31) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($1.94) by ($0.37). The company had revenue of $414.70 million during the quarter, compared to analysts' expectations of $392.95 million. Scotts Miracle-Gro had a negative net margin of 0.98% and a negative return on equity of 44.97%.

Several other equities analysts also recently weighed in on SMG. Stifel Nicolaus raised their price objective on Scotts Miracle-Gro from $75.00 to $81.00 and gave the company a "hold" rating in a research note on Monday. Wells Fargo & Company cut their price target on Scotts Miracle-Gro from $95.00 to $85.00 and set an "overweight" rating for the company in a research note on Thursday. UBS Group decreased their price objective 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. JPMorgan Chase & Co. dropped their target price on shares of Scotts Miracle-Gro from $85.00 to $80.00 and set an "overweight" rating for the company in a report on Thursday. Finally, 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 report on Friday. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, Scotts Miracle-Gro currently has a consensus rating of "Hold" and a consensus price target of $78.60.

Scotts Miracle-Gro Price Performance

Shares of SMG stock traded down $0.38 during midday trading on Friday, reaching $72.61. 1,515,543 shares of the company traded hands, compared to its average volume of 816,025. The firm's 50 day simple moving average is $80.84 and its two-hundred day simple moving average is $72.40. The firm has a market cap of $4.13 billion, a PE ratio of -106.83 and a beta of 1.76. Scotts Miracle-Gro has a 1-year low of $48.29 and a 1-year high of $93.90.

Scotts Miracle-Gro Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 22nd will be issued a $0.66 dividend. The ex-dividend date is Friday, November 22nd. This represents a $2.64 dividend on an annualized basis and a yield of 3.64%. Scotts Miracle-Gro's dividend payout ratio (DPR) is -382.61%.

Insiders Place Their Bets

In other news, COO Nathan Eric Baxter sold 2,988 shares of the business's stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $70.93, for a total value of $211,938.84. Following the completion of the transaction, the chief operating officer now owns 37,920 shares of the company's stock, valued at $2,689,665.60. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, major shareholder Hagedorn Partnership, L.P. sold 85,130 shares of the stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $70.93, for a total transaction of $6,038,270.90. Following the transaction, the insider now directly owns 13,608,238 shares in the company, valued at $965,232,321.34. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Nathan Eric Baxter sold 2,988 shares of the firm's stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $70.93, for a total transaction of $211,938.84. Following the completion of the sale, the chief operating officer now directly owns 37,920 shares in the company, valued at $2,689,665.60. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 26.46% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Scotts Miracle-Gro

Large investors have recently bought and sold shares of the stock. BNP Paribas Financial Markets raised its holdings in Scotts Miracle-Gro by 72.6% in the first quarter. BNP Paribas Financial Markets now owns 42,928 shares of the basic materials company's stock valued at $3,202,000 after buying an additional 18,060 shares during the period. Ontario Teachers Pension Plan Board raised its stake in shares of Scotts Miracle-Gro by 155.1% in the 1st quarter. Ontario Teachers Pension Plan Board now owns 37,172 shares of the basic materials company's stock valued at $2,773,000 after acquiring an additional 22,599 shares during the period. Scientech Research LLC purchased a new stake in Scotts Miracle-Gro during the 2nd quarter worth $866,000. Retirement Systems of Alabama grew its position in shares of Scotts Miracle-Gro by 309.5% during the second quarter. Retirement Systems of Alabama now owns 215,717 shares of the basic materials company's stock worth $14,035,000 after buying an additional 163,037 shares in the last quarter. Finally, Gamco Investors INC. ET AL increased its stake in shares of Scotts Miracle-Gro by 15.6% in the first quarter. Gamco Investors INC. ET AL now owns 241,875 shares of the basic materials company's stock worth $18,041,000 after buying an additional 32,700 shares during the last quarter. Hedge funds and other 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.