Brokerages expect Central Garden & Pet (NASDAQ:CENT – Get Rating) to post earnings per share of $1.18 for the current quarter, according to Zacks. Three analysts have provided estimates for Central Garden & Pet’s earnings. The highest EPS estimate is $1.25 and the lowest is $1.10. Central Garden & Pet reported earnings per share of $1.32 during the same quarter last year, which suggests a negative year over year growth rate of 10.6%. The firm is expected to announce its next quarterly earnings results after the market closes on Monday, January 1st.
According to Zacks, analysts expect that Central Garden & Pet will report full year earnings of $3.10 per share for the current fiscal year, with EPS estimates ranging from $3.06 to $3.14. For the next year, analysts expect that the firm will report earnings of $3.50 per share, with EPS estimates ranging from $3.32 to $3.62. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that cover Central Garden & Pet.
Central Garden & Pet (NASDAQ:CENT – Get Rating) last issued its quarterly earnings results on Wednesday, February 2nd. The company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.15. The company had revenue of $661.40 million for the quarter, compared to analysts’ expectations of $619.66 million. Central Garden & Pet had a return on equity of 12.78% and a net margin of 4.60%. During the same period last year, the firm earned $0.28 EPS.
Shares of NASDAQ CENT traded up $0.04 during mid-day trading on Monday, reaching $43.83. The company had a trading volume of 1,525 shares, compared to its average volume of 46,052. The company has a current ratio of 2.98, a quick ratio of 1.34 and a debt-to-equity ratio of 0.96. The stock has a market cap of $2.42 billion, a PE ratio of 15.68 and a beta of 0.58. The company has a 50-day moving average price of $45.28 and a two-hundred day moving average price of $48.29. 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 on Thursday, February 24th. The stock was sold at an average price of $42.26, for a total transaction of $84,520.00. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders own 8.80% of the company’s stock.
Hedge funds have recently modified their holdings of the company. Victory Capital Management Inc. boosted its position in Central Garden & Pet by 17.4% during the third quarter. Victory Capital Management Inc. now owns 3,746 shares of the company’s stock valued at $180,000 after purchasing an additional 556 shares during the last quarter. Nisa Investment Advisors LLC boosted its position in Central Garden & Pet by 23.1% during the fourth quarter. Nisa Investment Advisors LLC now owns 4,110 shares of the company’s stock valued at $191,000 after purchasing an additional 770 shares during the last quarter. Everhart Financial Group Inc. acquired a new stake in Central Garden & Pet during the fourth quarter valued at $200,000. Maryland State Retirement & Pension System acquired a new stake in Central Garden & Pet during the fourth quarter valued at $203,000. Finally, Canada Pension Plan Investment Board acquired a new stake in Central Garden & Pet during the fourth quarter valued at $211,000. Institutional investors and hedge funds own 18.59% of the company’s stock.
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.
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