Analysts expect Central Garden & Pet Co (NASDAQ:CENTA) to post $0.17 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Central Garden & Pet’s earnings. The highest EPS estimate is $0.17 and the lowest is $0.16. Central Garden & Pet reported earnings of $0.10 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 70%. The company is expected to announce its next quarterly earnings results on Tuesday, November 26th.

On average, analysts expect that Central Garden & Pet will report full-year earnings of $1.73 per share for the current year, with EPS estimates ranging from $1.72 to $1.74. For the next fiscal year, analysts anticipate that the business will post earnings of $1.90 per share, with EPS estimates ranging from $1.82 to $1.98. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that follow Central Garden & Pet.

Central Garden & Pet (NASDAQ:CENTA) last posted its quarterly earnings results on Thursday, August 1st. The company reported $0.80 EPS for the quarter, missing the consensus estimate of $0.86 by ($0.06). Central Garden & Pet had a return on equity of 9.66% and a net margin of 4.30%. The firm had revenue of $706.58 million for the quarter, compared to analyst estimates of $689.17 million.

Several research analysts have commented on CENTA shares. KeyCorp lowered their price target on shares of Central Garden & Pet from $39.00 to $36.00 and set an “overweight” rating for the company in a report on Friday, August 2nd. Zacks Investment Research upgraded shares of Central Garden & Pet from a “hold” rating to a “buy” rating and set a $31.00 price target for the company in a report on Tuesday, October 8th. ValuEngine upgraded shares of Central Garden & Pet from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Monness Crespi & Hardt reiterated a “buy” rating and set a $36.00 price target (down previously from $44.00) on shares of Central Garden & Pet in a report on Friday, August 2nd. Finally, BidaskClub upgraded shares of Central Garden & Pet from a “hold” rating to a “buy” rating in a report on Thursday, September 12th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $36.25.

Large investors have recently modified their holdings of the company. Quantamental Technologies LLC purchased a new stake in shares of Central Garden & Pet during the 2nd quarter worth approximately $50,000. Amundi Pioneer Asset Management Inc. purchased a new stake in Central Garden & Pet in the 1st quarter valued at $56,000. Advisory Services Network LLC purchased a new stake in Central Garden & Pet in the 2nd quarter valued at $94,000. Balyasny Asset Management LLC purchased a new stake in Central Garden & Pet in the 2nd quarter valued at $254,000. Finally, Municipal Employees Retirement System of Michigan raised its position in Central Garden & Pet by 9.1% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 17,270 shares of the company’s stock valued at $425,000 after purchasing an additional 1,440 shares during the last quarter. Institutional investors and hedge funds own 67.14% of the company’s stock.

NASDAQ CENTA traded down $0.38 on Monday, hitting $26.70. 203,922 shares of the stock were exchanged, compared to its average volume of 310,073. The company has a quick ratio of 3.17, a current ratio of 4.84 and a debt-to-equity ratio of 0.67. Central Garden & Pet has a fifty-two week low of $20.50 and a fifty-two week high of $36.92. The company has a market cap of $1.54 billion, a PE ratio of 13.98, a PEG ratio of 2.49 and a beta of 0.09. The company has a 50-day moving average price of $26.16 and a 200-day moving average price of $25.10.

Central Garden & Pet Company Profile

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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