What is Zacks Research’s Forecast for SMG FY2026 Earnings?

The Scotts Miracle-Gro Company (NYSE:SMG) – Stock analysts at Zacks Research raised their FY2026 earnings per share (EPS) estimates for Scotts Miracle-Gro in a research note issued to investors on Monday, August 17th. Zacks Research analyst Team now anticipates that the basic materials company will post earnings of $4.43 per share for the year, up from their prior estimate of $4.30. The consensus estimate for Scotts Miracle-Gro’s current full-year earnings is $4.39 per share. Zacks Research also issued estimates for Scotts Miracle-Gro’s Q2 2027 earnings at $4.38 EPS, FY2027 earnings at $4.60 EPS, Q2 2028 earnings at $4.39 EPS, Q3 2028 earnings at $2.90 EPS and FY2028 earnings at $4.95 EPS.

A number of other research firms have also weighed in on SMG. Stifel Nicolaus raised their target price on shares of Scotts Miracle-Gro from $75.00 to $76.00 and gave the company a “buy” rating in a report on Monday, August 3rd. Wall Street Zen downgraded shares of Scotts Miracle-Gro from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. UBS Group increased their price objective on shares of Scotts Miracle-Gro from $70.00 to $78.00 and gave the company a “neutral” rating in a research report on Thursday, July 30th. Weiss Ratings reissued a “hold (c)” rating on shares of Scotts Miracle-Gro in a research note on Friday, July 31st. Finally, Wells Fargo & Company lifted their price objective on shares of Scotts Miracle-Gro from $74.00 to $77.00 and gave the stock an “overweight” rating in a research note on Thursday, July 30th. Three investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $75.40.

Scotts Miracle-Gro Price Performance

Shares of SMG opened at $59.08 on Tuesday. The stock has a market capitalization of $3.44 billion, a price-to-earnings ratio of 51.37 and a beta of 1.82. Scotts Miracle-Gro has a 1 year low of $52.00 and a 1 year high of $75.34. The business’s 50 day simple moving average is $65.86 and its 200-day simple moving average is $64.28.

Scotts Miracle-Gro (NYSE:SMG) last released its quarterly earnings results on Wednesday, July 29th. The basic materials company reported $2.82 earnings per share for the quarter, beating the consensus estimate of $2.48 by $0.34. Scotts Miracle-Gro had a negative return on equity of 81.90% and a net margin of 2.19%.The business had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.17 billion. During the same quarter last year, the business posted $2.59 EPS. The firm’s revenue for the quarter was up 1.1% compared to the same quarter last year.

Hedge Funds Weigh In On Scotts Miracle-Gro

A number of large investors have recently bought and sold shares of SMG. Cassaday & Co Wealth Management LLC purchased a new stake in Scotts Miracle-Gro in the first quarter worth $26,000. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Scotts Miracle-Gro during the third quarter valued at $32,000. Elevation Wealth Partners LLC grew its holdings in shares of Scotts Miracle-Gro by 394.1% in the second quarter. Elevation Wealth Partners LLC now owns 751 shares of the basic materials company’s stock worth $51,000 after purchasing an additional 599 shares during the last quarter. SBI Securities Co. Ltd. increased its stake in Scotts Miracle-Gro by 127.9% in the 4th quarter. SBI Securities Co. Ltd. now owns 889 shares of the basic materials company’s stock worth $52,000 after buying an additional 499 shares during the period. Finally, Aster Capital Management DIFC Ltd purchased a new position in Scotts Miracle-Gro in the 4th quarter worth about $53,000. Hedge funds and other institutional investors own 74.07% of the company’s stock.

Insider Buying and Selling

In other Scotts Miracle-Gro news, Director Hagedorn Partnership, L.P. sold 30,000 shares of the firm’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $67.45, for a total value of $2,023,500.00. Following the completion of the sale, the director owned 13,137,641 shares of the company’s stock, valued at $886,133,885.45. This trade represents a 0.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Mark D. Kingdon sold 831 shares of the company’s stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $61.65, for a total value of $51,231.15. Following the transaction, the director directly owned 10,827 shares in the company, valued at approximately $667,484.55. This represents a 7.13% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 32,002 shares of company stock valued at $2,154,734 in the last ninety days. 24.40% of the stock is owned by company insiders.

Scotts Miracle-Gro Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 4th. Investors of record on Friday, August 21st will be given a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date of this dividend is Friday, August 21st. Scotts Miracle-Gro’s dividend payout ratio is 229.57%.

Scotts Miracle-Gro Company Profile

Scotts Miracle-Gro Company is a leading developer, manufacturer and distributor of consumer lawn and garden products. The firm serves both retail and professional customers through an array of branded offerings that include lawn fertilizers, grass seed, pest and disease control solutions, plant foods and specialty products for indoor and outdoor gardening. Its portfolio spans well-known names such as Scotts®, Miracle-Gro®, Ortho® and various hydroponic and specialty garden brands.

Headquartered in Marysville, Ohio, the company traces its roots to O.M.