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.
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.
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