Central Garden & Pet Co (NASDAQ:CENT) Expected to Post Earnings of -$0.12 Per Share

Wall Street brokerages expect Central Garden & Pet Co (NASDAQ:CENT) to report earnings per share (EPS) of ($0.12) for the current quarter, according to Zacks. Three analysts have issued estimates for Central Garden & Pet’s earnings, with estimates ranging from ($0.12) to ($0.10). Central Garden & Pet reported earnings per share of $0.03 during the same quarter last year, which suggests a negative year-over-year growth rate of 500%. The company is expected to announce its next earnings report on Wednesday, February 5th.

On average, analysts expect that Central Garden & Pet will report full year earnings of $1.61 per share for the current fiscal year, with EPS estimates ranging from $1.56 to $1.64. For the next financial year, analysts expect that the company will post earnings of $1.75 per share, with EPS estimates ranging from $1.70 to $1.81. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for Central Garden & Pet.

Central Garden & Pet (NASDAQ:CENT) last released its quarterly earnings results on Tuesday, November 26th. The company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.13). The firm had revenue of $540.70 million during the quarter, compared to the consensus estimate of $520.99 million. Central Garden & Pet had a return on equity of 9.26% and a net margin of 3.89%. The company’s revenue for the quarter was up 7.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.10 EPS.

Several research firms have recently weighed in on CENT. Zacks Investment Research cut shares of Central Garden & Pet from a “hold” rating to a “sell” rating and set a $31.00 price target on the stock. in a report on Monday, October 28th. ValuEngine raised shares of Central Garden & Pet from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Argus cut shares of Central Garden & Pet from a “buy” rating to a “hold” rating in a report on Friday, November 29th. Bank of America cut shares of Central Garden & Pet from a “buy” rating to a “neutral” rating in a report on Wednesday, November 27th. Finally, BidaskClub raised shares of Central Garden & Pet from a “hold” rating to a “buy” rating in a report on Tuesday. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $32.33.

Shares of Central Garden & Pet stock traded up $0.14 during trading on Thursday, hitting $28.49. The stock had a trading volume of 105,204 shares, compared to its average volume of 136,721. The firm has a market cap of $1.59 billion, a price-to-earnings ratio of 17.81, a P/E/G ratio of 2.44 and a beta of -0.10. Central Garden & Pet has a 12 month low of $22.40 and a 12 month high of $40.59. The business’s 50-day moving average is $29.73 and its 200 day moving average is $28.10. The company has a current ratio of 4.69, a quick ratio of 3.02 and a debt-to-equity ratio of 0.70.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Virginia Retirement Systems ET AL purchased a new position in shares of Central Garden & Pet during the second quarter valued at approximately $660,000. SG Americas Securities LLC grew its stake in shares of Central Garden & Pet by 16.2% during the 2nd quarter. SG Americas Securities LLC now owns 4,870 shares of the company’s stock worth $131,000 after purchasing an additional 678 shares during the period. KBC Group NV acquired a new stake in Central Garden & Pet in the 2nd quarter valued at about $411,000. Aperio Group LLC acquired a new stake in Central Garden & Pet in the 2nd quarter valued at about $177,000. Finally, Advisor Group Inc. grew its stake in Central Garden & Pet by 32.2% in the 2nd quarter. Advisor Group Inc. now owns 3,062 shares of the company’s stock valued at $82,000 after acquiring an additional 745 shares during the last quarter. 19.21% of the stock is currently owned by institutional investors and hedge funds.

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

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