Central Garden & Pet Co (CENT) Expected to Announce Earnings of $0.14 Per Share

Brokerages expect that Central Garden & Pet Co (NASDAQ:CENT) will report earnings per share (EPS) of $0.14 for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for Central Garden & Pet’s earnings, with the lowest EPS estimate coming in at $0.12 and the highest estimate coming in at $0.15. Central Garden & Pet reported earnings per share of $0.12 in the same quarter last year, which would suggest a positive year-over-year growth rate of 16.7%. The business is expected to report its next quarterly earnings results on Thursday, February 1st.

According to Zacks, analysts expect that Central Garden & Pet will report full year earnings of $1.77 per share for the current fiscal year, with EPS estimates ranging from $1.64 to $2.01. For the next year, analysts anticipate that the business will post earnings of $1.85 per share, with EPS estimates ranging from $1.77 to $1.92. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that that provide coverage for Central Garden & Pet.

Central Garden & Pet (NASDAQ:CENT) last released its quarterly earnings results on Tuesday, November 28th. The company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.02). Central Garden & Pet had a return on equity of 12.81% and a net margin of 3.84%. The firm had revenue of $490.46 million for the quarter, compared to analysts’ expectations of $439.07 million. During the same quarter last year, the firm posted $0.13 earnings per share. The firm’s revenue for the quarter was up 18.6% compared to the same quarter last year.

Several research firms recently weighed in on CENT. BidaskClub cut shares of Central Garden & Pet from a “hold” rating to a “sell” rating in a report on Saturday, January 6th. CL King assumed coverage on shares of Central Garden & Pet in a research report on Thursday, December 7th. They issued a “buy” rating and a $47.00 price objective on the stock. Oppenheimer reaffirmed a “hold” rating on shares of Central Garden & Pet in a research report on Wednesday, November 29th. Zacks Investment Research lowered shares of Central Garden & Pet from a “hold” rating to a “sell” rating in a research report on Wednesday, November 29th. Finally, KeyCorp reaffirmed a “hold” rating on shares of Central Garden & Pet in a research report on Monday, October 16th. Two analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. Central Garden & Pet currently has an average rating of “Hold” and a consensus target price of $44.00.

In other news, CFO Nicholas Lahanas sold 7,119 shares of the business’s stock in a transaction that occurred on Tuesday, December 12th. The shares were sold at an average price of $38.78, for a total value of $276,074.82. Following the sale, the chief financial officer now owns 27,959 shares of the company’s stock, valued at $1,084,250.02. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Brooks Pennington III sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 10th. The shares were sold at an average price of $35.47, for a total transaction of $354,700.00. Following the completion of the sale, the director now directly owns 35,928 shares in the company, valued at approximately $1,274,366.16. The disclosure for this sale can be found here. In the last three months, insiders sold 80,299 shares of company stock worth $3,028,258. Insiders own 11.60% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. BNP Paribas Arbitrage SA grew its stake 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 worth $100,000 after buying an additional 537 shares in the last quarter. Municipal Employees Retirement System of Michigan boosted its stake in shares of 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 in the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of 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 in the last quarter. State Board of Administration of Florida Retirement System purchased a new stake in shares of Central Garden & Pet in the 3rd quarter valued at $224,000. Finally, Alliancebernstein L.P. boosted its stake in shares of Central Garden & Pet by 21.7% in the 2nd quarter. Alliancebernstein L.P. now owns 7,300 shares of the company’s stock valued at $232,000 after purchasing an additional 1,300 shares in the last quarter. 20.02% of the stock is currently owned by institutional investors.

Central Garden & Pet (NASDAQ:CENT) traded up $0.94 during trading on Monday, reaching $37.59. 74,100 shares of the company traded hands, compared to its average volume of 112,700. Central Garden & Pet has a 1-year low of $29.08 and a 1-year high of $42.29. The stock has a market capitalization of $1,900.19, a PE ratio of 24.73, a PEG ratio of 2.07 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.

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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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