Q3 2018 EPS Estimates for Central Garden & Pet Company (CENT) Decreased by Analyst

Central Garden & Pet Company (NASDAQ:CENT) – KeyCorp cut their Q3 2018 earnings estimates for shares of Central Garden & Pet in a report released on Tuesday. KeyCorp analyst J. Gere now expects that the company will earn $0.65 per share for the quarter, down from their prior estimate of $0.66. KeyCorp currently has a “Hold” rating on the stock. KeyCorp also issued estimates for Central Garden & Pet’s FY2019 earnings at $1.77 EPS.

Several other analysts have also commented on CENT. Oppenheimer reaffirmed a “hold” rating on shares of Central Garden & Pet in a research report on Wednesday. Zacks Investment Research lowered shares of Central Garden & Pet from a “hold” rating to a “sell” rating in a research report on Wednesday. BidaskClub lowered shares of Central Garden & Pet from a “sell” rating to a “strong sell” rating in a research report on Friday, August 18th. Finally, Sidoti lowered shares of Central Garden & Pet from a “buy” rating to a “neutral” rating in a research report on Monday, October 16th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company’s stock. Central Garden & Pet currently has a consensus rating of “Hold” and an average target price of $39.00.

Central Garden & Pet (CENT) traded down $0.02 during trading on Friday, reaching $39.61. 99,815 shares of the company traded hands, compared to its average volume of 101,887. Central Garden & Pet has a 1-year low of $28.83 and a 1-year high of $40.48. The stock has a market capitalization of $2,000.00, a PE ratio of 25.96, a PEG ratio of 2.33 and a beta of 0.03. The company has a current ratio of 3.38, a quick ratio of 1.63 and a debt-to-equity ratio of 0.69.

Central Garden & Pet (NASDAQ:CENT) last released its quarterly earnings results on Tuesday, November 28th. The company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.02). Central Garden & Pet had a return on equity of 13.04% and a net margin of 3.84%. The firm had revenue of $490.46 million for the quarter, compared to analysts’ expectations of $439.07 million. During the same quarter last year, the firm posted $0.13 earnings per share. The firm’s revenue for the quarter was up 18.6% compared to the same quarter last year.

A number of hedge funds have recently made changes to their positions in the business. BNP Paribas Arbitrage SA raised its position 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 valued at $100,000 after purchasing an additional 537 shares during the period. Municipal Employees Retirement System of Michigan raised its position in shares of Central Garden & Pet by 58.9% in the third quarter. Municipal Employees Retirement System of Michigan now owns 3,830 shares of the company’s stock valued at $149,000 after purchasing an additional 1,420 shares during the period. Envestnet Asset Management Inc. raised its position in shares of Central Garden & Pet by 104.6% in the third quarter. Envestnet Asset Management Inc. now owns 4,273 shares of the company’s stock valued at $166,000 after purchasing an additional 2,185 shares during the period. Sei Investments Co. raised its position 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 valued at $148,000 after purchasing an additional 380 shares during the period. Finally, State Board of Administration of Florida Retirement System bought a new stake in shares of Central Garden & Pet in the third quarter valued at approximately $224,000. 20.07% 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.

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

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