Brokerages expect that Central Garden & Pet (NASDAQ:CENT) will announce sales of $612.62 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Central Garden & Pet’s earnings. The lowest sales estimate is $598.63 million and the highest is $626.60 million. Central Garden & Pet posted sales of $574.59 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 6.6%. The business is scheduled to report its next earnings results on Wednesday, August 1st.
According to Zacks, analysts expect that Central Garden & Pet will report full-year sales of $2.15 billion for the current financial year, with estimates ranging from $2.14 billion to $2.17 billion. For the next financial year, analysts anticipate that the company will post sales of $2.28 billion per share. Zacks’ sales calculations are a mean average based on a survey of research analysts that cover Central Garden & Pet.
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Central Garden & Pet (NASDAQ:CENT) last released its earnings results 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. The business had revenue of $613.10 million during the quarter, compared to the consensus estimate of $591.76 million. Central Garden & Pet had a net margin of 5.09% and a return on equity of 13.92%. The company’s revenue for the quarter was up 7.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.67 EPS.
A number of equities analysts have issued reports on CENT shares. Zacks Investment Research upgraded Central Garden & Pet from a “hold” rating to a “buy” rating and set a $43.00 price target on the stock in a report on Wednesday, May 9th. SunTrust Banks increased their price target on Central Garden & Pet to $50.00 and gave the stock a “buy” rating in a report on Monday, April 9th. KeyCorp restated a “buy” rating and set a $46.00 price target on shares of Central Garden & Pet in a report on Monday, March 26th. Finally, BidaskClub upgraded Central Garden & Pet from a “sell” rating to a “hold” rating in a report on Thursday, March 22nd. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company’s stock. Central Garden & Pet currently has a consensus rating of “Hold” and an average price target of $46.50.
In related news, Director Thomas J. Colligan sold 2,000 shares of the stock in a transaction on Friday, May 11th. The stock was sold at an average price of $36.62, for a total value of $73,240.00. Following the transaction, the director now directly owns 2,443 shares in the company, valued at approximately $89,462.66. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Brooks Pennington III sold 5,181 shares of the stock in a transaction on Wednesday, May 16th. The stock was sold at an average price of $37.64, for a total value of $195,012.84. Following the completion of the transaction, the director now owns 46,754 shares in the company, valued at $1,759,820.56. The disclosure for this sale can be found here. Insiders have sold a total of 54,817 shares of company stock worth $2,036,885 over the last 90 days. Company insiders own 11.60% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of CENT. Tower Research Capital LLC TRC lifted its holdings 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 purchasing an additional 2,647 shares in the last quarter. MetLife Investment Advisors LLC bought a new position in shares of Central Garden & Pet in the 4th quarter worth $173,000. Stifel Financial Corp bought a new position in shares of Central Garden & Pet in the 1st quarter worth $213,000. Aperio Group LLC bought a new position in shares of Central Garden & Pet in the 4th quarter worth $216,000. Finally, Camelot Portfolios LLC bought a new position in shares of Central Garden & Pet in the 4th quarter worth $220,000. Institutional investors own 20.68% of the company’s stock.
Shares of Central Garden & Pet stock traded up $0.61 on Thursday, reaching $41.10. 133,541 shares of the company’s stock were exchanged, compared to its average volume of 130,520. The stock has a market capitalization of $2.14 billion, a price-to-earnings ratio of 27.40, a PEG ratio of 2.13 and a beta of 0.10. Central Garden & Pet has a 52 week low of $29.51 and a 52 week high of $43.30. The company has a debt-to-equity ratio of 0.98, a quick ratio of 2.12 and a current ratio of 3.87.
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.
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