Central Garden & Pet Company (NASDAQ:CENT) – Investment analysts at Oppenheimer Holdings upped their FY2017 earnings per share estimates for shares of Central Garden & Pet in a research report issued to clients and investors on Thursday. Oppenheimer Holdings analyst B. Nagel now expects that the company will post earnings of $1.52 per share for the year, up from their prior forecast of $1.44. Oppenheimer Holdings currently has a “Hold” rating on the stock. Oppenheimer Holdings also issued estimates for Central Garden & Pet’s Q4 2017 earnings at $0.12 EPS.

Central Garden & Pet (NASDAQ:CENT) last announced its quarterly earnings results on Wednesday, August 2nd. The company reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.11. Central Garden & Pet had a return on equity of 13.66% and a net margin of 3.49%. The company had revenue of $574.59 million during the quarter, compared to analysts’ expectations of $544.26 million. During the same quarter in the previous year, the firm earned $0.48 earnings per share. The business’s quarterly revenue was up 11.7% compared to the same quarter last year. ILLEGAL ACTIVITY WARNING: This news story was first reported by American Banking News and is owned by of American Banking News. If you are reading this news story on another website, it was stolen and reposted in violation of international trademark & copyright laws. The original version of this news story can be read at https://www.americanbankingnews.com/2017/08/07/equities-analysts-set-expectations-for-central-garden-pet-companys-fy2017-earnings-cent.html.

Other equities analysts have also recently issued research reports about the company. Zacks Investment Research upgraded Central Garden & Pet from a “hold” rating to a “buy” rating and set a $43.00 price objective for the company in a report on Tuesday, April 25th. Argus started coverage on Central Garden & Pet in a report on Wednesday, April 19th. They issued a “buy” rating and a $44.00 price objective for the company. CL King started coverage on Central Garden & Pet in a report on Friday, July 7th. They issued a “buy” rating and a $38.00 price objective for the company. Sidoti upgraded Central Garden & Pet from a “neutral” rating to a “buy” rating in a report on Monday, June 19th. Finally, BidaskClub upgraded Central Garden & Pet from a “sell” rating to a “hold” rating in a report on Saturday, June 10th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $39.50.

Shares of Central Garden & Pet (NASDAQ CENT) opened at 35.33 on Monday. The firm has a 50 day moving average price of $32.02 and a 200-day moving average price of $33.93. Central Garden & Pet has a 12 month low of $22.97 and a 12 month high of $39.33. The firm has a market cap of $1.83 billion, a PE ratio of 26.64 and a beta of 0.12.

In related news, Director John Ranelli sold 3,100 shares of Central Garden & Pet stock in a transaction dated Friday, May 26th. The stock was sold at an average price of $29.33, for a total transaction of $90,923.00. Following the completion of the transaction, the director now owns 110,668 shares in the company, valued at $3,245,892.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Michael A. Reed sold 15,107 shares of Central Garden & Pet stock in a transaction dated Friday, May 12th. The stock was sold at an average price of $33.21, for a total value of $501,703.47. Following the transaction, the insider now owns 142,558 shares of the company’s stock, valued at approximately $4,734,351.18. The disclosure for this sale can be found here. Insiders have sold 82,382 shares of company stock valued at $2,613,603 in the last quarter. 11.60% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently bought and sold shares of the company. State Street Corp boosted its position in Central Garden & Pet by 5.4% in the fourth quarter. State Street Corp now owns 188,769 shares of the company’s stock worth $6,245,000 after buying an additional 9,753 shares during the last quarter. Guggenheim Capital LLC boosted its position in Central Garden & Pet by 5.0% in the fourth quarter. Guggenheim Capital LLC now owns 28,967 shares of the company’s stock worth $959,000 after buying an additional 1,374 shares during the last quarter. Teachers Advisors LLC boosted its position in Central Garden & Pet by 9.9% in the fourth quarter. Teachers Advisors LLC now owns 248,203 shares of the company’s stock worth $8,213,000 after buying an additional 22,292 shares during the last quarter. Hartford Investment Management Co. acquired a new position in Central Garden & Pet during the first quarter worth approximately $204,000. Finally, James Investment Research Inc. acquired a new position in Central Garden & Pet during the first quarter worth approximately $2,029,000. Institutional investors and hedge funds 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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