FY2026 EPS Forecast for Scotts Miracle-Gro Raised by Analyst

Key Points

• Zacks Research raised Scotts Miracle-Gro’s FY2026 EPS forecast to $4.43 from $4.30, above the current consensus estimate of $4.39. It also projects FY2027 EPS of $4.60 and FY2028 EPS of $4.95.
• Analyst sentiment remains mixed: MarketBeat reports a consensus rating of “Hold” and an average price target of $75.40, with recent targets ranging from $76 to $79.
• Scotts Miracle-Gro exceeded quarterly profit expectations, reporting $2.82 EPS versus the $2.48 consensus, while revenue rose 1.1% year over year to $1.17 billion. The company also declared a $0.66 quarterly dividend, equivalent to a 4.5% annualized yield.

The Scotts Miracle-Gro Company (NYSE:SMG - Free Report) - Stock analysts at Zacks Research lifted their FY2026 EPS estimates for Scotts Miracle-Gro in a report released on Monday, August 17th. Zacks Research analyst Team now forecasts that the basic materials company will post earnings per share of $4.43 for the year, up from their previous 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.

Several other research firms also recently commented on SMG. UBS Group raised their price objective on Scotts Miracle-Gro from $70.00 to $78.00 and gave the stock a "neutral" rating in a research note on Thursday, July 30th. Jefferies Financial Group reiterated a "buy" rating and set a $79.00 price objective on shares of Scotts Miracle-Gro in a research note on Wednesday, April 29th. Wall Street Zen lowered shares of Scotts Miracle-Gro from a "buy" rating to a "hold" rating in a report on Saturday, August 1st. Wells Fargo & Company raised their target price 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. Finally, Stifel Nicolaus upped their price target on shares of Scotts Miracle-Gro from $75.00 to $76.00 and gave the stock a "buy" rating in a research report on Monday, August 3rd. Three analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, Scotts Miracle-Gro has a consensus rating of "Hold" and a consensus price target of $75.40.

Scotts Miracle-Gro Stock Performance

NYSE:SMG opened at $59.08 on Tuesday. The stock has a 50-day simple moving average of $65.86 and a two-hundred day simple moving average of $64.28. Scotts Miracle-Gro has a 52-week low of $52.00 and a 52-week high of $75.34. The firm has a market capitalization of $3.44 billion, a PE ratio of 51.37 and a beta of 1.82.

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

Scotts Miracle-Gro Dividend Announcement

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

Insider Activity

In related news, Director Hagedorn Partnership, L.P. sold 30,000 shares of the stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $67.45, for a total transaction of $2,023,500.00. Following the completion of the sale, the director owned 13,137,641 shares in the company, valued at approximately $886,133,885.45. This trade represents a 0.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Mark D. Kingdon sold 831 shares of Scotts Miracle-Gro 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 sale, the director directly owned 10,827 shares in the company, valued at $667,484.55. This trade represents a 7.13% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 32,002 shares of company stock worth $2,154,734 over the last ninety days. Corporate insiders own 24.40% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SMG. State Street Corp grew its holdings in Scotts Miracle-Gro by 1.1% during the 2nd quarter. State Street Corp now owns 1,522,093 shares of the basic materials company's stock valued at $100,397,000 after buying an additional 16,298 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Scotts Miracle-Gro by 161.1% in the first quarter. Arrowstreet Capital Limited Partnership now owns 1,289,974 shares of the basic materials company's stock worth $78,443,000 after buying an additional 795,970 shares in the last quarter. Ameriprise Financial Inc. boosted its position in shares of Scotts Miracle-Gro by 29.5% during the third quarter. Ameriprise Financial Inc. now owns 1,165,367 shares of the basic materials company's stock worth $66,368,000 after acquiring an additional 265,677 shares during the last quarter. Captrust Financial Advisors boosted its position in shares of Scotts Miracle-Gro by 0.3% during the fourth quarter. Captrust Financial Advisors now owns 1,157,714 shares of the basic materials company's stock worth $67,553,000 after acquiring an additional 2,899 shares during the last quarter. Finally, Deprince Race & Zollo Inc. grew its stake in Scotts Miracle-Gro by 4.9% during the first quarter. Deprince Race & Zollo Inc. now owns 1,087,339 shares of the basic materials company's stock valued at $66,121,000 after acquiring an additional 51,148 shares in the last quarter. 74.07% of the stock is currently owned by institutional investors.

About Scotts Miracle-Gro

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.

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