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

Wall Street brokerages forecast that Central Garden & Pet Co (NASDAQ:CENTA) will announce earnings per share (EPS) of $0.14 for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Central Garden & Pet’s earnings, with the lowest EPS estimate coming in at $0.13 and the highest estimate coming in at $0.15. Central Garden & Pet reported earnings of $0.19 per share during the same quarter last year, which would suggest a negative year-over-year growth rate of 26.3%. The business is scheduled to report its next quarterly earnings results on Wednesday, February 6th.

On average, analysts expect that Central Garden & Pet will report full-year earnings of $1.81 per share for the current fiscal year, with EPS estimates ranging from $1.80 to $1.82. For the next fiscal year, analysts anticipate that the business will post earnings of $1.99 per share, with EPS estimates ranging from $1.92 to $2.04. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that that provide coverage for Central Garden & Pet.

Central Garden & Pet (NASDAQ:CENTA) last posted its earnings results on Tuesday, November 27th. The company reported $0.10 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.08 by $0.02. Central Garden & Pet had a return on equity of 13.33% and a net margin of 5.58%. The company had revenue of $502.31 million for the quarter, compared to analyst estimates of $499.89 million. During the same quarter last year, the company earned $0.08 earnings per share.

A number of brokerages recently commented on CENTA. BMO Capital Markets began coverage on Central Garden & Pet in a research report on Monday, August 13th. They set an “outperform” rating for the company. Bank of America began coverage on Central Garden & Pet in a research report on Monday, September 10th. They set a “buy” rating and a $44.00 price target for the company. Zacks Investment Research downgraded Central Garden & Pet from a “hold” rating to a “sell” rating in a research report on Friday, November 30th. KeyCorp began coverage on Central Garden & Pet in a research report on Thursday, October 11th. They set an “overweight” rating and a $39.00 price target for the company. Finally, ValuEngine downgraded Central Garden & Pet from a “hold” rating to a “sell” rating in a research report on Thursday, September 27th. Two research analysts have rated the stock with a sell rating and four have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $43.00.

A number of large investors have recently added to or reduced their stakes in CENTA. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Central Garden & Pet by 114.1% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,781 shares of the company’s stock worth $125,000 after acquiring an additional 2,015 shares during the period. Itau Unibanco Holding S.A. bought a new position in shares of Central Garden & Pet in the second quarter worth $168,000. NumerixS Investment Technologies Inc boosted its holdings in shares of Central Garden & Pet by 214.3% in the second quarter. NumerixS Investment Technologies Inc now owns 4,400 shares of the company’s stock worth $176,000 after acquiring an additional 3,000 shares during the period. Virtu Financial LLC bought a new position in shares of Central Garden & Pet in the third quarter worth $219,000. Finally, AMP Capital Investors Ltd bought a new position in shares of Central Garden & Pet in the second quarter worth $222,000. 66.00% of the stock is owned by institutional investors and hedge funds.

Shares of CENTA traded down $1.10 on Wednesday, reaching $30.54. 419,152 shares of the company’s stock traded hands, compared to its average volume of 228,581. The company has a current ratio of 5.72, a quick ratio of 3.71 and a debt-to-equity ratio of 0.73. The company has a market capitalization of $1.62 billion, a price-to-earnings ratio of 15.99, a PEG ratio of 2.88 and a beta of 0.24. Central Garden & Pet has a 52-week low of $27.14 and a 52-week high of $41.97.

Central Garden & Pet Company Profile

Central Garden & Pet Company, together with its subsidiaries, produces and distributes products for the lawn and garden, and pet supplies markets in the United States. It operates through two segments, Pet and Garden. The Pet segment supplies products for dogs and cats comprising edible bones, edible and non-edible chews, rawhide, dog and cat food and treats, toys, pet carriers, grooming supplies, and other accessories; and food, cages and habitats, toys, chews, and related accessories for birds, small animals, and specialty pets.

Featured Article: How to calculate the annual rate of depreciation

Get a free copy of the Zacks research report on Central Garden & Pet (CENTA)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Central Garden & Pet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Central Garden & Pet and related companies with MarketBeat.com's FREE daily email newsletter.


Leave a Reply