Central Garden & Pet (NASDAQ:CENT – Get Rating) is set to announce its earnings results after the market closes on Wednesday, May 4th. Analysts expect the company to announce earnings of $1.18 per share for the quarter. Central Garden & Pet has set its FY21 guidance at $3.10 EPS.Investors interested in listening to the company’s conference call can do so using this link.
Central Garden & Pet (NASDAQ:CENT – Get Rating) last announced its quarterly earnings results on Wednesday, February 2nd. The company reported $0.16 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate 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 firm posted $0.28 EPS. On average, analysts expect Central Garden & Pet to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.
Shares of Central Garden & Pet stock opened at $44.25 on Wednesday. The firm has a market capitalization of $2.44 billion, a PE ratio of 15.86 and a beta of 0.58. 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 company’s fifty day moving average price is $45.44 and its two-hundred day moving average price is $48.39. Central Garden & Pet has a 52-week low of $43.01 and a 52-week high of $61.25.
Several institutional investors and hedge funds have recently bought and sold shares of CENT. Allianz Asset Management GmbH grew its holdings in shares of Central Garden & Pet by 12.0% in the 4th quarter. Allianz Asset Management GmbH now owns 664,425 shares of the company’s stock worth $34,969,000 after purchasing an additional 71,092 shares during the last quarter. BlackRock Inc. lifted its position in Central Garden & Pet by 3.5% during the 4th quarter. BlackRock Inc. now owns 1,670,852 shares of the company’s stock worth $87,937,000 after buying an additional 56,142 shares in the last quarter. Morgan Stanley lifted its position in Central Garden & Pet by 89.9% during the 3rd quarter. Morgan Stanley now owns 68,315 shares of the company’s stock worth $3,280,000 after buying an additional 32,345 shares in the last quarter. State Street Corp lifted its position in Central Garden & Pet by 7.1% during the 4th quarter. State Street Corp now owns 381,880 shares of the company’s stock worth $20,098,000 after buying an additional 25,328 shares in the last quarter. Finally, Zacks Investment Management acquired a new position in Central Garden & Pet during the 4th quarter worth about $591,000. 20.14% of the stock is currently owned by institutional investors and hedge funds.
Separately, Truist Financial lowered their price target on shares of Central Garden & Pet from $65.00 to $60.00 in a report on Tuesday, March 22nd.
About Central Garden & Pet (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.
- Get a free copy of the StockNews.com research report on Central Garden & Pet (CENT)
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