Zacks Research Has Bullish Outlook for SMG FY2026 Earnings

The Scotts Miracle-Gro Company (NYSE:SMG) – Research analysts at Zacks Research lifted their FY2026 earnings estimates for shares of Scotts Miracle-Gro in a research report issued to clients and investors on Tuesday, November 25th. Zacks Research analyst Team now expects that the basic materials company will earn $4.16 per share for the year, up from their previous forecast of $4.14. Zacks Research currently has a “Hold” rating on the stock. 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 FY2028 earnings at $4.21 EPS.

SMG has been the topic of a number of other research reports. Stifel Nicolaus set a $70.00 price objective on Scotts Miracle-Gro and gave the company a “buy” rating in a report on Thursday, November 6th. Wells Fargo & Company decreased their target price on Scotts Miracle-Gro from $75.00 to $67.00 and set an “overweight” rating for the company in a research report on Thursday, September 25th. UBS Group lowered their price target on Scotts Miracle-Gro from $62.00 to $61.00 and set a “neutral” rating on the stock in a report on Thursday, November 6th. Wall Street Zen cut shares of Scotts Miracle-Gro from a “buy” rating to a “hold” rating in a research note on Saturday, October 25th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Scotts Miracle-Gro in a report on Wednesday, October 8th. Five equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $69.50.

Scotts Miracle-Gro Price Performance

Shares of NYSE:SMG opened at $56.63 on Thursday. Scotts Miracle-Gro has a fifty-two week low of $45.61 and a fifty-two week high of $79.16. The business has a 50-day moving average of $55.98 and a two-hundred day moving average of $60.65. The stock has a market capitalization of $3.27 billion, a P/E ratio of 74.51 and a beta of 1.98.

Scotts Miracle-Gro (NYSE:SMG) last issued its quarterly earnings data on Wednesday, November 5th. The basic materials company reported ($1.96) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.88) by ($0.08). The business had revenue of $387.30 million during the quarter, compared to the consensus estimate of $396.75 million. Scotts Miracle-Gro had a negative return on equity of 60.46% and a net margin of 1.54%.The company’s revenue for the quarter was down 6.6% on a year-over-year basis. During the same quarter in the prior year, the company posted ($2.31) earnings per share. Scotts Miracle-Gro has set its FY 2025 guidance at 4.150-4.350 EPS.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in SMG. Avantax Advisory Services Inc. grew its position in Scotts Miracle-Gro by 22.1% during the first quarter. Avantax Advisory Services Inc. now owns 9,955 shares of the basic materials company’s stock worth $546,000 after buying an additional 1,802 shares in the last quarter. Cetera Investment Advisers raised its holdings in Scotts Miracle-Gro by 1.6% in the 1st quarter. Cetera Investment Advisers now owns 35,409 shares of the basic materials company’s stock valued at $1,944,000 after acquiring an additional 573 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Scotts Miracle-Gro by 154.4% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 20,597 shares of the basic materials company’s stock worth $1,131,000 after acquiring an additional 12,500 shares during the period. LPL Financial LLC grew its holdings in shares of Scotts Miracle-Gro by 26.0% during the 1st quarter. LPL Financial LLC now owns 80,096 shares of the basic materials company’s stock worth $4,396,000 after purchasing an additional 16,504 shares in the last quarter. Finally, Federated Hermes Inc. increased its position in shares of Scotts Miracle-Gro by 34.4% during the first quarter. Federated Hermes Inc. now owns 8,293 shares of the basic materials company’s stock valued at $455,000 after purchasing an additional 2,122 shares during the period. Institutional investors and hedge funds own 74.07% of the company’s stock.

Insider Activity at Scotts Miracle-Gro

In related news, EVP Mark J. Scheiwer purchased 1,790 shares of Scotts Miracle-Gro stock in a transaction on Wednesday, September 3rd. The stock was purchased at an average cost of $61.32 per share, with a total value of $109,762.80. Following the acquisition, the executive vice president directly owned 10,130 shares in the company, valued at approximately $621,171.60. This trade represents a 21.46% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Hagedorn Partnership, L.P. sold 56,633 shares of the firm’s stock in a transaction on Friday, September 5th. The stock was sold at an average price of $63.02, for a total transaction of $3,569,011.66. Following the completion of the sale, the director owned 13,217,641 shares in the company, valued at $832,975,735.82. This represents a 0.43% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 25.37% of the stock is currently owned by corporate insiders.

Scotts Miracle-Gro Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 5th. Stockholders of record on Friday, November 21st will be given a $0.66 dividend. This represents a $2.64 annualized dividend and a dividend yield of 4.7%. The ex-dividend date of this dividend is Friday, November 21st. Scotts Miracle-Gro’s dividend payout ratio is currently 109.09%.

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.