Brokerages predict that Central Garden & Pet (NASDAQ: CENTA – Get a rating) will report earnings per share of $1.58 for the current quarter, according to Zacks. Three analysts released earnings estimates for Central Garden & Pet, with estimates ranging from $1.55 to $1.62. Central Garden & Pet reported earnings of $1.37 per share in the same quarter last year, which would indicate a positive growth rate of 15.3% year over year. The company is expected to release its next results on Monday, January 1.
According to Zacks, analysts expect Central Garden & Pet to report annual earnings of $3.14 per share for the current fiscal year, with EPS estimates ranging from $3.11 to $3.16. For next year, analysts expect the company to post earnings of $3.54 per share, with EPS estimates ranging from $3.44 to $3.62. Zacks EPS calculations are an average based on a survey of analysts who cover Central Garden & Pet.
Central garden and pet (NASDAQ: CENTA – Get a rating) last reported quarterly earnings data on Wednesday, May 4. The company reported earnings per share of $1.27 for the quarter, beating analyst consensus estimates of $1.18 by $0.09. The company posted revenue of $954.37 million in the quarter, compared to analyst estimates of $935.14 million. Central Garden & Pet had a net margin of 4.48% and a return on equity of 12.18%.
A number of research companies have recently commented on CENTA. Zacks Investment Research upgraded shares of Central Garden & Pet from a “hold” rating to a “buy” rating and set a price target of $48.00 for the company in a Tuesday, May 31 report. JPMorgan Chase & Co. raised its price target on shares of Central Garden & Pet from $47.00 to $49.00 in a Thursday, April 14 research report. To finish, StockNews.com began covering shares of Central Garden & Pet in a research note on Thursday, March 31. They have placed a “holding” rating on the stock.
NASDAQ: CENTA traded down $0.33 during midday trading on Tuesday, hitting $42.02. 3,848 shares of the stock trade in hands, compared to its average volume of 171,789. The company has a fifty-day moving average of $41.71 and a 200-day moving average of $43.20. Central Garden & Pet has a 12-month low of $38.56 and a 12-month high of $53.47. The company has a debt ratio of 0.92, a quick ratio of 1.29 and a current ratio of 2.85. The stock has a market capitalization of $2.31 billion, a P/E ratio of 15.34 and a beta of 0.57.
In other Central Garden & Pet news, Chief Financial Officer Nicholas Lahanas sold 7,306 shares of Central Garden & Pet in a trade that took place on Friday, May 13. The shares were sold at an average price of $41.78, for a total transaction of $305,244.68. Following the transaction, the CFO now owns 113,520 shares of the company, valued at $4,742,865.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available via the SEC website. 20.28% of the shares are held by insiders.
Several institutional investors have recently increased or reduced their stake in CENTA. Maryland State Retirement & Pension System increased its position in Central Garden & Pet by 1.9% in the fourth quarter. Maryland State Retirement & Pension System now owns 16,011 shares of the company worth $766,000 after buying 295 additional shares in the last quarter. Stifel Financial Corp increased its stake in Central Garden & Pet by 5.3% in the fourth quarter. Stifel Financial Corp now owns 6,230 shares of the company worth $298,000 after buying 315 additional shares during the period. Advisor Group Holdings Inc. increased its stake in Central Garden & Pet by 20.3% during the first quarter. Advisor Group Holdings Inc. now owns 2,076 shares of the company worth $1,092,000 after purchasing an additional 350 shares during the period. Teacher Retirement System of Texas increased its stake in Central Garden & Pet by 5.2% during the first quarter. Teacher Retirement System of Texas now owns 8,260 shares of the company worth $337,000 after purchasing 407 additional shares during the period. Finally, First Republic Investment Management Inc. increased its stake in Central Garden & Pet by 5.9% during the third quarter. First Republic Investment Management Inc. now owns 8,227 shares of the company worth $354,000 after purchasing an additional 461 shares during the period. Hedge funds and other institutional investors own 68.74% of the company’s shares.
About Central Garden & Pet (Get a rating)
Central Garden & Pet Company produces and distributes various products for the lawn and garden and pet supply markets in the United States. It operates through two segments, Pet and Garden. The Pets segment provides dog and cat supplies, such as dog treats and chews, toys, pet beds and grooming products, waste management and training mats, and pet containment devices; supplies for aquatic animals, small animals, reptiles and pet birds, including toys, cages and habitats, bedding, food and supplements; animal and household health and insect control products; live fish and products for fish, reptiles and other aquarium pets, such as aquariums, furniture and fixtures, pumps, filters, water conditioners, foods and supplements; and products for horses and livestock, as well as outdoor cushions and pillows.
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