Equities analysts expect that Central Garden & Pet Company (NASDAQ:CENT) will post $0.50 earnings per share for the current quarter, Zacks reports. Three analysts have made estimates for Central Garden & Pet Company’s earnings, with the highest EPS estimate coming in at $0.52 and the lowest estimate coming in at $0.49. Central Garden & Pet Company reported earnings per share of $0.48 in the same quarter last year, which suggests a positive year-over-year growth rate of 4.2%. The business is expected to issue its next quarterly earnings report on Tuesday, August 1st.

According to Zacks, analysts expect that Central Garden & Pet Company will report full year earnings of $1.42 per share for the current fiscal year, with EPS estimates ranging from $1.39 to $1.44. For the next year, analysts anticipate that the company will report earnings of $1.60 per share, with EPS estimates ranging from $1.52 to $1.66. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Central Garden & Pet Company.

Central Garden & Pet Company (NASDAQ:CENT) last issued its quarterly earnings results on Wednesday, May 3rd. The company reported $0.67 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.64 by $0.03. The company had revenue of $570 million for the quarter, compared to analyst estimates of $572.37 million. Central Garden & Pet Company had a net margin of 3.27% and a return on equity of 12.72%. The business’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.65 earnings per share.

Several equities analysts have recently weighed in on the company. Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of Central Garden & Pet Company in a research note on Saturday, March 25th. Argus assumed coverage on Central Garden & Pet Company in a research note on Wednesday, April 19th. They issued a “buy” rating and a $44.00 price objective on the stock. BidaskClub raised Central Garden & Pet Company from a “sell” rating to a “hold” rating in a research note on Saturday, June 10th. Finally, Zacks Investment Research raised Central Garden & Pet Company from a “hold” rating to a “buy” rating and set a $43.00 price objective on the stock in a research note on Tuesday, April 25th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. Central Garden & Pet Company presently has a consensus rating of “Hold” and an average price target of $40.00.

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In related news, Director John Ranelli sold 15,000 shares of the firm’s stock in a transaction dated Friday, May 12th. The stock was sold at an average price of $35.09, for a total transaction of $526,350.00. Following the sale, the director now directly owns 47,489 shares in the company, valued at approximately $1,666,389.01. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Michael A. Reed sold 15,107 shares of the firm’s stock in a transaction dated Friday, May 12th. The shares were sold at an average price of $33.21, for a total value of $501,703.47. Following the sale, the insider now owns 142,558 shares in the company, valued at $4,734,351.18. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 82,382 shares of company stock worth $2,613,603. Company insiders own 11.60% of the company’s stock.

Several large investors have recently made changes to their positions in CENT. FMR LLC increased its stake in shares of Central Garden & Pet Company by 66.6% in the fourth quarter. FMR LLC now owns 501,105 shares of the company’s stock valued at $16,582,000 after buying an additional 200,400 shares during the last quarter. Hennessy Advisors Inc. bought a new stake in shares of Central Garden & Pet Company during the first quarter valued at approximately $4,363,000. Vanguard Group Inc. increased its stake in shares of Central Garden & Pet Company by 8.8% in the first quarter. Vanguard Group Inc. now owns 1,322,444 shares of the company’s stock valued at $49,022,000 after buying an additional 106,439 shares during the last quarter. Russell Investments Group Ltd. bought a new stake in shares of Central Garden & Pet Company during the fourth quarter valued at approximately $3,327,000. Finally, Renaissance Technologies LLC increased its stake in shares of Central Garden & Pet Company by 14.3% in the first quarter. Renaissance Technologies LLC now owns 476,100 shares of the company’s stock valued at $17,649,000 after buying an additional 59,700 shares during the last quarter. Institutional investors and hedge funds own 21.28% of the company’s stock.

Shares of Central Garden & Pet Company (NASDAQ:CENT) traded down 1.22% during mid-day trading on Friday, reaching $30.84. 111,165 shares of the company’s stock were exchanged. Central Garden & Pet Company has a 52 week low of $20.80 and a 52 week high of $39.33. The stock has a market cap of $1.59 billion, a price-to-earnings ratio of 25.45 and a beta of 0.21. The stock has a 50 day moving average price of $32.58 and a 200 day moving average price of $34.00.

About Central Garden & Pet Company

Central Garden & Pet Company is a marketer and producer of branded products and distributor of third party products in the pet and lawn and garden supplies industries in the United States. The Company operates in two segments: Pet segment and the Garden segment. It is a marketer and producer of pet supplies in the United States.

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