Central Garden & Pet Company (NASDAQ:CENT) – Research analysts at KeyCorp lifted their FY2017 EPS estimates for Central Garden & Pet in a research note issued on Wednesday. KeyCorp analyst J. Gere now anticipates that the company will post earnings of $1.52 per share for the year, up from their previous forecast of $1.39. KeyCorp also issued estimates for Central Garden & Pet’s Q3 2018 earnings at $0.66 EPS.

Central Garden & Pet (NASDAQ:CENT) last issued its earnings results on Wednesday, August 2nd. The company reported $0.62 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.51 by $0.11. Central Garden & Pet had a net margin of 3.49% and a return on equity of 13.66%. The company had revenue of $574.59 million for the quarter, compared to analysts’ expectations of $544.26 million. During the same period in the prior year, the business earned $0.48 EPS. The firm’s quarterly revenue was up 11.7% on a year-over-year basis.

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Several other analysts have also issued reports on CENT. BidaskClub lowered shares of Central Garden & Pet from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. Zacks Investment Research upgraded shares of Central Garden & Pet from a “sell” rating to a “hold” rating in a research note on Friday. Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of Central Garden & Pet in a research note on Thursday. CL King initiated coverage on shares of Central Garden & Pet in a research note on Friday, July 7th. They set a “buy” rating and a $38.00 price target on the stock. Finally, Argus initiated coverage on shares of Central Garden & Pet in a research note on Wednesday, April 19th. They set a “buy” rating and a $44.00 price target on the stock. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company’s stock. Central Garden & Pet has a consensus rating of “Hold” and an average target price of $39.50.

In other Central Garden & Pet news, Director John Ranelli sold 15,000 shares of the business’s stock in a transaction dated Friday, May 12th. The shares were 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 $1,666,389.01. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Michael A. Reed sold 15,107 shares of the business’s stock in a transaction dated Friday, May 12th. The stock was sold at an average price of $33.21, for a total transaction 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. Insiders have sold 82,382 shares of company stock worth $2,613,603 over the last quarter. Insiders own 11.60% of the company’s stock.

A number of hedge funds have recently modified their holdings of the company. BNP Paribas Arbitrage SA raised its stake in shares of Central Garden & Pet by 20.7% in the second quarter. BNP Paribas Arbitrage SA now owns 3,136 shares of the company’s stock worth $100,000 after buying an additional 537 shares during the period. Sei Investments Co. raised its stake in shares of Central Garden & Pet by 8.9% in the second quarter. Sei Investments Co. now owns 4,633 shares of the company’s stock worth $148,000 after buying an additional 380 shares during the period. PNC Financial Services Group Inc. raised its stake in shares of Central Garden & Pet by 65.7% in the first quarter. PNC Financial Services Group Inc. now owns 4,140 shares of the company’s stock worth $153,000 after buying an additional 1,641 shares during the period. Hartford Investment Management Co. acquired a new stake in shares of Central Garden & Pet during the first quarter worth about $204,000. Finally, Thrivent Financial For Lutherans acquired a new stake in shares of Central Garden & Pet during the first quarter worth about $212,000. Institutional investors own 21.19% of the company’s stock.

About Central Garden & Pet

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.

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

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