Q3 2022 EPS Estimates for Central Garden & Pet Decreased by KeyCorp (NASDAQ:CENTA)

Central Garden & Pet (NASDAQ:CENTAGet Rating) – Stock analysts at KeyCorp reduced their Q3 2022 EPS estimates for Central Garden & Pet in a research report issued on Wednesday, May 4th. KeyCorp analyst B. Thomas now forecasts that the company will post earnings per share of $1.62 for the quarter, down from their previous forecast of $1.67.

Several other brokerages have also issued reports on CENTA. StockNews.com assumed coverage on Central Garden & Pet in a report on Thursday, March 31st. They set a “hold” rating for the company. Zacks Investment Research lowered Central Garden & Pet from a “buy” rating to a “hold” rating in a report on Tuesday, April 19th. Finally, JPMorgan Chase & Co. boosted their price target on Central Garden & Pet from $47.00 to $49.00 in a research note on Thursday, April 14th.

Central Garden & Pet stock opened at $41.28 on Friday. The firm’s 50 day moving average price is $41.99 and its two-hundred day moving average price is $44.22. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.34 and a current ratio of 2.98. Central Garden & Pet has a twelve month low of $39.30 and a twelve month high of $55.82. The firm has a market cap of $2.28 billion, a PE ratio of 15.07 and a beta of 0.56.

Central Garden & Pet (NASDAQ:CENTAGet Rating) last posted its quarterly earnings results on Wednesday, February 2nd. The company reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.01 by $0.15. Central Garden & Pet had a net margin of 4.60% and a return on equity of 12.78%. The business had revenue of $661.40 million during the quarter, compared to analyst estimates of $619.66 million. During the same period in the prior year, the firm earned $0.28 earnings per share.

A number of institutional investors and hedge funds have recently bought and sold shares of CENTA. Commerce Bank boosted its holdings in Central Garden & Pet by 1.6% during the third quarter. Commerce Bank now owns 15,321 shares of the company’s stock valued at $659,000 after acquiring an additional 246 shares during the period. Maryland State Retirement & Pension System lifted its position in shares of Central Garden & Pet by 1.9% during the 4th quarter. Maryland State Retirement & Pension System now owns 16,011 shares of the company’s stock worth $766,000 after purchasing an additional 295 shares during the last quarter. Stifel Financial Corp boosted its stake in Central Garden & Pet by 5.3% during the 4th quarter. Stifel Financial Corp now owns 6,230 shares of the company’s stock valued at $298,000 after purchasing an additional 315 shares during the period. Advisor Group Holdings Inc. grew its holdings in Central Garden & Pet by 20.3% in the 1st quarter. Advisor Group Holdings Inc. now owns 2,076 shares of the company’s stock valued at $1,092,000 after buying an additional 350 shares during the last quarter. Finally, First Republic Investment Management Inc. increased its position in Central Garden & Pet by 5.9% in the 3rd quarter. First Republic Investment Management Inc. now owns 8,227 shares of the company’s stock worth $354,000 after buying an additional 461 shares during the period. Hedge funds and other institutional investors own 68.74% 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.

Further Reading

Earnings History and Estimates for Central Garden & Pet (NASDAQ:CENTA)

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