What is William Blair’s Forecast for SMG FY2025 Earnings?

The Scotts Miracle-Gro Company (NYSE:SMG) – Research analysts at William Blair boosted their FY2025 earnings per share (EPS) estimates for shares of Scotts Miracle-Gro in a report released on Wednesday, July 30th. William Blair analyst J. Andersen now forecasts that the basic materials company will earn $3.55 per share for the year, up from their previous estimate of $3.42. The consensus estimate for Scotts Miracle-Gro’s current full-year earnings is $3.42 per share. William Blair also issued estimates for Scotts Miracle-Gro’s FY2026 earnings at $4.08 EPS.

Scotts Miracle-Gro (NYSE:SMG) last posted its quarterly earnings data on Wednesday, July 30th. The basic materials company reported $2.59 earnings per share for the quarter, beating analysts’ consensus estimates of $2.19 by $0.40. The company had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.23 billion. Scotts Miracle-Gro had a negative return on equity of 60.46% and a net margin of 1.54%. The firm’s revenue for the quarter was down 1.2% on a year-over-year basis. During the same quarter last year, the company earned $2.31 EPS.

SMG has been the topic of several other reports. Truist Financial set a $80.00 price target on Scotts Miracle-Gro and gave the stock a “buy” rating in a report on Monday, July 14th. Stifel Nicolaus cut shares of Scotts Miracle-Gro from a “buy” rating to a “hold” rating and upped their price target for the stock from $70.00 to $71.00 in a research report on Monday, June 9th. JPMorgan Chase & Co. lowered their price target on shares of Scotts Miracle-Gro from $80.00 to $65.00 and set an “overweight” rating on the stock in a report on Thursday, May 1st. Wall Street Zen raised shares of Scotts Miracle-Gro from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, Jefferies Financial Group raised Scotts Miracle-Gro from a “hold” rating to a “buy” rating and decreased their target price for the stock from $72.00 to $69.00 in a report on Monday, April 7th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $71.33.

Scotts Miracle-Gro Price Performance

Shares of Scotts Miracle-Gro stock opened at $61.87 on Friday. The stock has a market capitalization of $3.57 billion, a PE ratio of 81.41 and a beta of 1.97. The company’s fifty day simple moving average is $64.86 and its 200-day simple moving average is $61.79. Scotts Miracle-Gro has a 1-year low of $45.61 and a 1-year high of $93.90.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. American National Bank & Trust bought a new stake in Scotts Miracle-Gro during the second quarter valued at $28,000. Spire Wealth Management boosted its holdings in shares of Scotts Miracle-Gro by 477.9% in the 1st quarter. Spire Wealth Management now owns 549 shares of the basic materials company’s stock valued at $30,000 after buying an additional 454 shares during the period. UMB Bank n.a. grew its position in shares of Scotts Miracle-Gro by 479.4% during the 1st quarter. UMB Bank n.a. now owns 562 shares of the basic materials company’s stock valued at $31,000 after buying an additional 465 shares during the last quarter. Avalon Trust Co acquired a new stake in Scotts Miracle-Gro during the first quarter worth about $41,000. Finally, Byrne Asset Management LLC acquired a new stake in Scotts Miracle-Gro during the second quarter worth about $45,000. Hedge funds and other institutional investors own 74.07% of the company’s stock.

Scotts Miracle-Gro Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 5th. Investors of record on Friday, August 22nd will be paid a dividend of $0.66 per share. The ex-dividend date of this dividend is Friday, August 22nd. This represents a $2.64 annualized dividend and a yield of 4.3%. Scotts Miracle-Gro’s payout ratio is 347.37%.

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.