$0.80 Earnings Per Share Expected for Central Garden & Pet (CENT) This Quarter

Wall Street analysts expect that Central Garden & Pet (NASDAQ:CENT) will report earnings per share of $0.80 for the current quarter, Zacks reports. Two analysts have provided estimates for Central Garden & Pet’s earnings. The lowest EPS estimate is $0.75 and the highest is $0.85. Central Garden & Pet posted earnings of $0.62 per share in the same quarter last year, which indicates a positive year over year growth rate of 29%. The business is expected to issue its next earnings report on Wednesday, August 1st.

According to Zacks, analysts expect that Central Garden & Pet will report full year earnings of $1.93 per share for the current year, with EPS estimates ranging from $1.90 to $1.96. For the next year, analysts forecast that the business will report earnings of $2.22 per share. Zacks’ EPS calculations are a mean average based on a survey of research analysts that follow Central Garden & Pet.

Central Garden & Pet (NASDAQ:CENT) last announced its quarterly earnings data on Monday, May 7th. The company reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.82 by $0.04. Central Garden & Pet had a net margin of 5.09% and a return on equity of 13.92%. The company had revenue of $613.10 million during the quarter, compared to analyst estimates of $591.76 million. During the same quarter last year, the business posted $0.67 EPS. The firm’s revenue for the quarter was up 7.6% on a year-over-year basis.

Several equities research analysts have recently commented on CENT shares. KeyCorp upgraded shares of Central Garden & Pet from a “sector weight” rating to an “overweight” rating and set a $44.00 price target for the company in a report on Monday, January 22nd. SunTrust Banks boosted their price target on shares of Central Garden & Pet to $50.00 and gave the company a “buy” rating in a report on Monday, April 9th. BidaskClub lowered shares of Central Garden & Pet from a “sell” rating to a “strong sell” rating in a report on Tuesday, May 1st. Finally, Zacks Investment Research lowered shares of Central Garden & Pet from a “buy” rating to a “hold” rating in a report on Tuesday, April 10th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company’s stock. Central Garden & Pet presently has a consensus rating of “Hold” and a consensus target price of $46.50.

In other news, Director Thomas J. Colligan sold 2,000 shares of the business’s stock in a transaction dated Friday, May 11th. The shares were sold at an average price of $36.62, for a total value of $73,240.00. Following the completion of the sale, the director now owns 2,443 shares in the company, valued at approximately $89,462.66. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director John Ranelli sold 1,851 shares of the business’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $37.52, for a total transaction of $69,449.52. Following the completion of the sale, the director now owns 17,209 shares of the company’s stock, valued at approximately $645,681.68. The disclosure for this sale can be found here. In the last 90 days, insiders sold 54,817 shares of company stock valued at $2,036,885. Company insiders own 11.60% of the company’s stock.

Large investors have recently bought and sold shares of the company. Tower Research Capital LLC TRC grew its position in shares of Central Garden & Pet by 200.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,968 shares of the company’s stock worth $154,000 after buying an additional 2,647 shares during the last quarter. MetLife Investment Advisors LLC purchased a new position in shares of Central Garden & Pet in the 4th quarter worth approximately $173,000. Stifel Financial Corp purchased a new position in shares of Central Garden & Pet in the 1st quarter worth approximately $213,000. Aperio Group LLC purchased a new position in shares of Central Garden & Pet in the 4th quarter worth approximately $216,000. Finally, Camelot Portfolios LLC purchased a new position in shares of Central Garden & Pet in the 4th quarter worth approximately $220,000. Institutional investors and hedge funds own 20.68% of the company’s stock.

Shares of CENT opened at $40.49 on Tuesday. Central Garden & Pet has a 1-year low of $39.52 and a 1-year high of $39.76. The company has a debt-to-equity ratio of 0.98, a current ratio of 3.87 and a quick ratio of 2.12. The stock has a market cap of $2.06 billion, a P/E ratio of 26.99, a P/E/G ratio of 2.06 and a beta of 0.10.

About Central Garden & Pet

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.

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

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

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

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