Wall Street analysts expect that Central Garden & Pet Co (NASDAQ:CENTA) will announce $518.20 million in sales for the current quarter, according to Zacks. Three analysts have provided estimates for Central Garden & Pet’s earnings, with the lowest sales estimate coming in at $515.70 million and the highest estimate coming in at $521.90 million. Central Garden & Pet posted sales of $502.31 million during the same quarter last year, which suggests a positive year-over-year growth rate of 3.2%. The firm is expected to report its next quarterly earnings results on Tuesday, November 26th.
On average, analysts expect that Central Garden & Pet will report full year sales of $2.36 billion for the current fiscal year. For the next fiscal year, analysts expect that the company will post sales of $2.42 billion, with estimates ranging from $2.41 billion to $2.43 billion. Zacks Investment Research’s sales averages are an average based on a survey of analysts that follow Central Garden & Pet.
Central Garden & Pet (NASDAQ:CENTA) last announced its quarterly earnings results on Thursday, August 1st. The company reported $0.80 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.86 by ($0.06). The company had revenue of $706.58 million during the quarter, compared to analyst estimates of $689.17 million. Central Garden & Pet had a net margin of 4.30% and a return on equity of 9.66%.
A number of equities research analysts have recently weighed in on the company. Zacks Investment Research lowered Central Garden & Pet from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. ValuEngine upgraded Central Garden & Pet from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. KeyCorp decreased their price target on Central Garden & Pet from $39.00 to $36.00 and set an “overweight” rating for the company in a research note on Friday, August 2nd. BidaskClub upgraded Central Garden & Pet from a “hold” rating to a “buy” rating in a research note on Thursday, September 12th. Finally, Monness Crespi & Hardt restated a “buy” rating and issued a $36.00 price target (down previously from $44.00) on shares of Central Garden & Pet in a research note on Friday, August 2nd. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $36.25.
Several large investors have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its holdings in shares of Central Garden & Pet by 1.8% during the 2nd quarter. Vanguard Group Inc. now owns 4,469,261 shares of the company’s stock worth $110,123,000 after purchasing an additional 80,776 shares during the last quarter. Wells Fargo & Company MN raised its stake in Central Garden & Pet by 4.2% during the second quarter. Wells Fargo & Company MN now owns 1,332,732 shares of the company’s stock worth $32,839,000 after acquiring an additional 53,636 shares in the last quarter. Rothschild & Co. Asset Management US Inc. raised its stake in Central Garden & Pet by 2.3% during the second quarter. Rothschild & Co. Asset Management US Inc. now owns 1,072,896 shares of the company’s stock worth $26,436,000 after acquiring an additional 23,719 shares in the last quarter. Silvercrest Asset Management Group LLC raised its position in shares of Central Garden & Pet by 0.6% during the second quarter. Silvercrest Asset Management Group LLC now owns 1,050,104 shares of the company’s stock worth $25,874,000 after purchasing an additional 6,427 shares during the period. Finally, Northern Trust Corp raised its position in shares of Central Garden & Pet by 2.0% during the second quarter. Northern Trust Corp now owns 619,097 shares of the company’s stock worth $15,255,000 after purchasing an additional 11,961 shares during the period. Institutional investors own 67.14% of the company’s stock.
CENTA opened at $26.91 on Wednesday. The stock’s 50 day simple moving average is $26.43 and its 200 day simple moving average is $25.18. The company has a debt-to-equity ratio of 0.67, a current ratio of 4.84 and a quick ratio of 3.17. Central Garden & Pet has a 1 year low of $20.50 and a 1 year high of $36.92. The firm has a market cap of $1.55 billion, a price-to-earnings ratio of 14.09, a PEG ratio of 2.56 and a beta of 0.09.
About Central Garden & Pet
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, including edible bones, edible and non-edible chews, dog and cat food and treats, toys, pet carriers, grooming supplies, and other accessories; and products for birds, small animals, and specialty pets, such as food, cages and habitats, toys, chews, and related accessories.
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