Equities research analysts predict that Central Garden & Pet (NASDAQ:CENT – Get Rating) will report earnings per share of $1.18 for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Central Garden & Pet’s earnings, with the highest EPS estimate coming in at $1.25 and the lowest estimate coming in at $1.10. Central Garden & Pet posted earnings per share of $1.32 in the same quarter last year, which suggests a negative year over year growth rate of 10.6%. The company is expected to announce its next quarterly earnings report on Monday, January 1st.
According to Zacks, analysts expect that Central Garden & Pet will report full-year earnings of $3.13 per share for the current fiscal year, with EPS estimates ranging from $3.11 to $3.14. For the next year, analysts expect that the company will report earnings of $3.47 per share, with EPS estimates ranging from $3.23 to $3.62. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that follow Central Garden & Pet.
Central Garden & Pet (NASDAQ:CENT – Get Rating) last issued its quarterly earnings data on Wednesday, February 2nd. The company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.01 by $0.15. The firm had revenue of $661.40 million for the quarter, compared to analyst estimates of $619.66 million. Central Garden & Pet had a net margin of 4.60% and a return on equity of 12.78%. During the same quarter in the previous year, the business posted $0.28 EPS.
NASDAQ:CENT remained flat at $$44.07 during midday trading on Monday. 1,732 shares of the company were exchanged, compared to its average volume of 48,201. The company has a debt-to-equity ratio of 0.96, a current ratio of 2.98 and a quick ratio of 1.34. The firm has a market capitalization of $2.43 billion, a PE ratio of 15.80 and a beta of 0.58. The business has a fifty day moving average price of $45.54 and a two-hundred day moving average price of $48.68. Central Garden & Pet has a 1-year low of $43.01 and a 1-year high of $61.25.
In other news, insider John D. Walker III sold 2,000 shares of Central Garden & Pet stock in a transaction that occurred on Thursday, February 24th. The stock was sold at an average price of $42.26, for a total value of $84,520.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 8.80% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in CENT. Victory Capital Management Inc. increased its position in Central Garden & Pet by 17.4% in the 3rd quarter. Victory Capital Management Inc. now owns 3,746 shares of the company’s stock valued at $180,000 after acquiring an additional 556 shares during the period. Nisa Investment Advisors LLC boosted its position in Central Garden & Pet by 23.1% during the 4th quarter. Nisa Investment Advisors LLC now owns 4,110 shares of the company’s stock worth $191,000 after acquiring an additional 770 shares during the period. Everhart Financial Group Inc. acquired a new stake in shares of Central Garden & Pet during the fourth quarter worth $200,000. Maryland State Retirement & Pension System acquired a new position in Central Garden & Pet in the 4th quarter worth about $203,000. Finally, Canada Pension Plan Investment Board acquired a new stake in Central Garden & Pet in the 4th quarter valued at approximately $211,000. Institutional investors and hedge funds own 20.14% of the company’s stock.
Central Garden & Pet Company Profile (Get Rating)
Central Garden & Pet Company produces and distributes various 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 provides dog and cat supplies, such as dog treats and chews, toys, pet beds and grooming products, waste management and training pads, and pet containment; supplies for aquatics, small animals, reptiles, and pet birds, including toys, cages and habitats, bedding, and food and supplements; animal and household health and insect control products; live fish and products for fish, reptiles, and other aquarium-based pets, such as aquariums, furniture and lighting fixtures, pumps, filters, water conditioners, food, and supplements; and products for horses and livestock, as well as outdoor cushions and pillows.
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