KeyCorp Research Analysts Lower Earnings Estimates for Central Garden & Pet Company (CENT)

Central Garden & Pet Company (NASDAQ:CENT) – Analysts at KeyCorp dropped their Q1 2018 EPS estimates for shares of Central Garden & Pet in a report released on Tuesday, Zacks Investment Research reports. KeyCorp analyst J. Gere now expects that the company will post earnings of $0.12 per share for the quarter, down from their prior estimate of $0.14. KeyCorp currently has a “Hold” rating on the stock. KeyCorp also issued estimates for Central Garden & Pet’s Q2 2018 earnings at $0.76 EPS, Q4 2018 earnings at $0.12 EPS, FY2018 earnings at $1.66 EPS, Q1 2019 earnings at $0.15 EPS, Q2 2019 earnings at $0.79 EPS, Q3 2019 earnings at $0.69 EPS and Q4 2019 earnings at $0.14 EPS.

Several other research firms have also commented on CENT. Zacks Investment Research raised shares of Central Garden & Pet from a “sell” rating to a “hold” rating in a report on Wednesday, November 15th. BidaskClub raised shares of Central Garden & Pet from a “strong sell” rating to a “sell” rating in a report on Friday, August 25th. Sidoti lowered shares of Central Garden & Pet from a “buy” rating to a “neutral” rating in a report on Monday, October 16th. CL King began coverage on shares of Central Garden & Pet in a report on Thursday. They issued a “buy” rating and a $47.00 price target for the company. Finally, Oppenheimer reaffirmed a “hold” rating on shares of Central Garden & Pet in a report on Wednesday, November 29th. Two analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $44.00.

Central Garden & Pet (CENT) opened at $40.48 on Thursday. The firm has a market cap of $2,098.77, a price-to-earnings ratio of 27.17, a price-to-earnings-growth ratio of 2.44 and a beta of 0.03. The company has a current ratio of 3.10, a quick ratio of 1.37 and a debt-to-equity ratio of 0.62. Central Garden & Pet has a fifty-two week low of $29.08 and a fifty-two week high of $42.29.

Central Garden & Pet (NASDAQ:CENT) last announced its quarterly earnings data on Tuesday, November 28th. The company reported $0.08 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by ($0.02). The company had revenue of $490.46 million for the quarter, compared to analyst estimates of $439.07 million. Central Garden & Pet had a return on equity of 12.81% and a net margin of 3.84%. Central Garden & Pet’s revenue was up 18.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.13 earnings per share.

A number of large investors have recently modified their holdings of CENT. BNP Paribas Arbitrage SA lifted its position in Central Garden & Pet by 20.7% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 3,136 shares of the company’s stock valued at $100,000 after purchasing an additional 537 shares during the last quarter. Sei Investments Co. lifted its position in Central Garden & Pet by 8.9% in the 2nd quarter. Sei Investments Co. now owns 4,633 shares of the company’s stock valued at $148,000 after purchasing an additional 380 shares during the last quarter. Municipal Employees Retirement System of Michigan lifted its position in Central Garden & Pet by 58.9% in the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 3,830 shares of the company’s stock valued at $149,000 after purchasing an additional 1,420 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in Central Garden & Pet by 104.6% in the 3rd quarter. Envestnet Asset Management Inc. now owns 4,273 shares of the company’s stock valued at $166,000 after purchasing an additional 2,185 shares during the last quarter. Finally, Alliancebernstein L.P. bought a new stake in Central Garden & Pet in the 1st quarter valued at about $222,000. Hedge funds and other institutional investors own 20.05% of the company’s stock.

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Central Garden & Pet Company Profile

Central Garden & Pet Company is a marketer and producer of branded products and distributor of third party products in the pet and lawn and garden supplies industries in the United States. The Company operates in two segments: Pet segment and the Garden segment. It is a marketer and producer of pet supplies in the United States.

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Earnings History and Estimates for Central Garden & Pet (NASDAQ:CENT)

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