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 report issued to clients and investors on Tuesday, February 17th. Zacks Research analyst Team now expects that the basic materials company will post earnings per share of $4.21 for the year, up from their previous forecast of $4.16. 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 FY2027 earnings at $4.58 EPS.

Several other equities research analysts have also recently commented on the company. Wells Fargo & Company restated an “overweight” rating on shares of Scotts Miracle-Gro in a research note on Tuesday. Jefferies Financial Group lifted their target price on shares of Scotts Miracle-Gro from $71.00 to $74.00 and gave the stock a “buy” rating in a research note on Wednesday, November 5th. Stifel Nicolaus set a $70.00 price target on shares of Scotts Miracle-Gro and gave the stock a “buy” rating in a research report on Thursday, November 6th. Weiss Ratings reissued a “hold (c-)” rating on shares of Scotts Miracle-Gro in a research report on Wednesday, January 21st. Finally, UBS Group set a $67.00 target price on shares of Scotts Miracle-Gro in a report on Thursday, January 29th. Five research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $71.00.

Scotts Miracle-Gro Stock Performance

Shares of SMG opened at $69.81 on Thursday. Scotts Miracle-Gro has a 1 year low of $45.61 and a 1 year high of $70.75. The stock has a market capitalization of $4.05 billion, a PE ratio of 47.49 and a beta of 1.98. The stock has a 50-day simple moving average of $62.42 and a 200-day simple moving average of $59.39.

Scotts Miracle-Gro (NYSE:SMG) last released its quarterly earnings results on Wednesday, January 28th. The basic materials company reported ($0.77) earnings per share for the quarter, topping the consensus estimate of ($1.04) by $0.27. The firm had revenue of $354.40 million during the quarter, compared to the consensus estimate of $353.25 million. Scotts Miracle-Gro had a net margin of 2.68% and a negative return on equity of 68.59%. The company’s revenue for the quarter was down 3.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.89) EPS. Scotts Miracle-Gro has set its FY 2026 guidance at 4.150-4.35 EPS.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Captrust Financial Advisors increased its position in Scotts Miracle-Gro by 12,034.5% during the second quarter. Captrust Financial Advisors now owns 1,008,623 shares of the basic materials company’s stock worth $66,529,000 after acquiring an additional 1,000,311 shares during the period. AQR Capital Management LLC raised its stake in shares of Scotts Miracle-Gro by 458.7% in the second quarter. AQR Capital Management LLC now owns 822,743 shares of the basic materials company’s stock valued at $54,268,000 after acquiring an additional 675,493 shares during the last quarter. Brandes Investment Partners LP grew its holdings in shares of Scotts Miracle-Gro by 362.8% during the fourth quarter. Brandes Investment Partners LP now owns 737,546 shares of the basic materials company’s stock worth $43,036,000 after purchasing an additional 578,174 shares during the last quarter. Norges Bank acquired a new stake in Scotts Miracle-Gro in the 4th quarter valued at about $32,595,000. Finally, Ameriprise Financial Inc. increased its position in Scotts Miracle-Gro by 163.0% in the second quarter. Ameriprise Financial Inc. now owns 899,690 shares of the basic materials company’s stock worth $59,344,000 after purchasing an additional 557,647 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, Director Hagedorn Partnership, L.P. sold 50,000 shares of the business’s stock in a transaction that occurred on Thursday, February 12th. The shares were sold at an average price of $66.40, for a total transaction of $3,320,000.00. Following the transaction, the director directly owned 13,167,641 shares of the company’s stock, valued at approximately $874,331,362.40. The trade was a 0.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 24.40% of the stock is currently owned by company insiders.

Scotts Miracle-Gro Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 6th. Stockholders of record on Friday, February 20th will be issued a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend is Friday, February 20th. Scotts Miracle-Gro’s dividend payout ratio is currently 179.59%.

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.