Wall Street analysts expect that Central Garden & Pet Company (NASDAQ:CENT) will announce earnings per share (EPS) of $0.10 for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for Central Garden & Pet’s earnings, with the highest EPS estimate coming in at $0.12 and the lowest estimate coming in at $0.07. Central Garden & Pet posted earnings per share of $0.13 during the same quarter last year, which indicates a negative year-over-year growth rate of 23.1%. The company is scheduled to report its next quarterly earnings results on Thursday, December 7th.

On average, analysts expect that Central Garden & Pet will report full-year earnings of $1.51 per share for the current fiscal year, with EPS estimates ranging from $1.49 to $1.52. For the next financial year, analysts anticipate that the business will report earnings of $1.66 per share, with EPS estimates ranging from $1.60 to $1.71. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that follow Central Garden & Pet.

Central Garden & Pet (NASDAQ:CENT) last posted its quarterly earnings data 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 return on equity of 13.66% and a net margin of 3.49%. 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 previous year, the firm posted $0.48 EPS. Central Garden & Pet’s revenue was up 11.7% compared to the same quarter last year.

Several analysts have recently commented on CENT shares. BidaskClub upgraded shares of Central Garden & Pet from a “sell” rating to a “hold” rating in a research report on Saturday, June 10th. Sidoti upgraded shares of Central Garden & Pet from a “neutral” rating to a “buy” rating in a research report on Monday, June 19th. Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of Central Garden & Pet in a research report on Tuesday, June 20th. CL King started coverage on shares of Central Garden & Pet in a research report on Friday, July 7th. They issued a “buy” rating and a $38.00 price target on the stock. Finally, Zacks Investment Research lowered shares of Central Garden & Pet from a “hold” rating to a “sell” rating in a research report on Thursday, July 20th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $39.00.

Central Garden & Pet (NASDAQ CENT) traded up 0.71% on Friday, reaching $35.47. 77,806 shares of the company’s stock were exchanged. Central Garden & Pet has a 12-month low of $22.97 and a 12-month high of $39.33. The company has a market cap of $1.84 billion, a P/E ratio of 26.75 and a beta of 0.10. The firm has a 50 day moving average of $34.44 and a 200-day moving average of $34.21.

In other news, General Counsel George A. Yuhas sold 4,364 shares of the firm’s stock in a transaction on Tuesday, August 29th. The shares were sold at an average price of $33.37, for a total value of $145,626.68. Following the transaction, the general counsel now owns 50,259 shares of the company’s stock, valued at approximately $1,677,142.83. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Michael A. Reed sold 15,016 shares of the firm’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $34.31, for a total transaction of $515,198.96. Following the completion of the transaction, the insider now directly owns 135,008 shares in the company, valued at approximately $4,632,124.48. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 76,890 shares of company stock worth $2,612,545. 11.60% of the stock is owned by company insiders.

Several hedge funds have recently modified their holdings of the company. Martin & Co. Inc. TN raised its stake in shares of Central Garden & Pet by 48.0% in the 2nd quarter. Martin & Co. Inc. TN now owns 72,200 shares of the company’s stock valued at $2,295,000 after acquiring an additional 23,420 shares during the period. Bank of Nova Scotia purchased a new position in shares of Central Garden & Pet in the 2nd quarter valued at $674,000. The Manufacturers Life Insurance Company raised its stake in shares of Central Garden & Pet by 37.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 13,632 shares of the company’s stock valued at $434,000 after acquiring an additional 3,695 shares during the period. State Street Corp raised its stake in shares of Central Garden & Pet by 9.8% in the 2nd quarter. State Street Corp now owns 245,510 shares of the company’s stock valued at $7,805,000 after acquiring an additional 21,956 shares during the period. Finally, Dana Investment Advisors Inc. raised its stake in shares of Central Garden & Pet by 2.5% in the 2nd quarter. Dana Investment Advisors Inc. now owns 62,807 shares of the company’s stock valued at $1,997,000 after acquiring an additional 1,525 shares during the period. 20.19% of the stock is currently owned by institutional investors and hedge funds.

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Central Garden & Pet Company Profile

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

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