$619.66 Million in Sales Expected for Central Garden & Pet (NASDAQ:CENT) This Quarter

Brokerages forecast that Central Garden & Pet (NASDAQ:CENT) will post $619.66 million in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Central Garden & Pet’s earnings, with the highest sales estimate coming in at $629.60 million and the lowest estimate coming in at $610.07 million. Central Garden & Pet reported sales of $592.23 million in the same quarter last year, which would suggest a positive year over year growth rate of 4.6%. The company is scheduled to report its next earnings results on Wednesday, February 2nd.

According to Zacks, analysts expect that Central Garden & Pet will report full-year sales of $3.44 billion for the current financial year, with estimates ranging from $3.38 billion to $3.48 billion. For the next fiscal year, analysts forecast that the business will report sales of $3.54 billion, with estimates ranging from $3.48 billion to $3.58 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover Central Garden & Pet.

Central Garden & Pet (NASDAQ:CENT) last announced its quarterly earnings data on Monday, November 22nd. The company reported ($0.06) earnings per share for the quarter, topping the consensus estimate of ($0.24) by $0.18. Central Garden & Pet had a return on equity of 15.62% and a net margin of 5.19%. During the same quarter in the prior year, the company posted $0.25 earnings per share.

In other news, insider John D. Walker III sold 4,500 shares of the firm’s stock in a transaction that occurred on Friday, August 27th. The stock was sold at an average price of $42.30, for a total value of $190,350.00. Following the transaction, the insider now owns 97,272 shares in the company, valued at $4,114,605.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 10.75% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently modified their holdings of CENT. Geode Capital Management LLC increased its position in shares of Central Garden & Pet by 147.5% during the second quarter. Geode Capital Management LLC now owns 471,334 shares of the company’s stock valued at $24,947,000 after acquiring an additional 280,923 shares during the last quarter. Allianz Asset Management GmbH lifted its stake in shares of Central Garden & Pet by 47.4% in the 2nd quarter. Allianz Asset Management GmbH now owns 514,537 shares of the company’s stock valued at $27,234,000 after acquiring an additional 165,530 shares during the last quarter. MESIROW FINANCIAL INVESTMENT MANAGEMENT Equity & Fixed Income purchased a new position in Central Garden & Pet during the 3rd quarter valued at about $7,746,000. Hotchkis & Wiley Capital Management LLC increased its holdings in Central Garden & Pet by 47.5% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 191,297 shares of the company’s stock valued at $9,182,000 after purchasing an additional 61,620 shares during the period. Finally, Vanguard Group Inc. increased its holdings in Central Garden & Pet by 3.7% during the 2nd quarter. Vanguard Group Inc. now owns 1,333,283 shares of the company’s stock valued at $70,571,000 after purchasing an additional 47,322 shares during the period. 18.23% of the stock is owned by institutional investors.

Shares of CENT stock traded down $0.16 during trading hours on Monday, reaching $51.45. The company had a trading volume of 52,551 shares, compared to its average volume of 73,302. Central Garden & Pet has a 12 month low of $36.53 and a 12 month high of $62.91. The company has a debt-to-equity ratio of 0.95, a current ratio of 3.29 and a quick ratio of 2.07. The business has a fifty day simple moving average of $50.80 and a 200-day simple moving average of $51.06. The company has a market cap of $2.87 billion, a price-to-earnings ratio of 16.92 and a beta of 0.55.

About Central Garden & Pet

Central Garden & Pet Co is an innovator, producer and distributor of branded and private label products for the lawn & garden and pet supplies markets in the United States. Founded initially as a distribution company, it grew its business through a succession of over 50 acquisitions and created a broad portfolio which allows for economies of scale and market advantages.

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

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