Brokerages forecast that Central Garden & Pet Company (NASDAQ:CENT) will post $0.14 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Central Garden & Pet’s earnings, with the highest EPS estimate coming in at $0.15 and the lowest estimate coming in at $0.12. Central Garden & Pet reported earnings of $0.12 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 16.7%. The business is expected to report its next quarterly earnings report on Thursday, February 1st.

On average, analysts expect that Central Garden & Pet will report full year earnings of $1.66 per share for the current fiscal year, with EPS estimates ranging from $1.64 to $1.68. For the next year, analysts anticipate that the firm will post earnings of $1.85 per share, with EPS estimates ranging from $1.77 to $1.92. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for Central Garden & Pet.

Central Garden & Pet (NASDAQ:CENT) last issued its earnings results on Tuesday, November 28th. The company reported $0.08 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.10 by ($0.02). The firm had revenue of $490.46 million during the quarter, compared to analysts’ expectations of $439.07 million. Central Garden & Pet had a return on equity of 12.81% and a net margin of 3.84%. The business’s revenue was up 18.6% on a year-over-year basis. During the same quarter last year, the business earned $0.13 EPS.

A number of equities analysts have weighed in on CENT shares. Zacks Investment Research lowered Central Garden & Pet from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 3rd. Sidoti lowered Central Garden & Pet from a “buy” rating to a “neutral” rating in a research note on Monday, October 16th. BidaskClub lowered Central Garden & Pet from a “buy” rating to a “hold” rating in a research note on Tuesday. CL King started coverage on Central Garden & Pet in a research note on Thursday, December 7th. They set a “buy” rating and a $47.00 price objective for the company. Finally, KeyCorp reiterated a “hold” rating on shares of Central Garden & Pet in a research note on Monday, October 16th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $44.00.

Several large investors have recently bought and sold shares of the company. Texas Permanent School Fund grew its position in shares of Central Garden & Pet by 1.5% during the 2nd quarter. Texas Permanent School Fund now owns 7,458 shares of the company’s stock valued at $237,000 after acquiring an additional 108 shares during the period. Suntrust Banks Inc. grew its position in shares of Central Garden & Pet by 1.3% during the 2nd quarter. Suntrust Banks Inc. now owns 10,721 shares of the company’s stock valued at $339,000 after acquiring an additional 137 shares during the period. Sei Investments Co. grew its position in shares of Central Garden & Pet by 8.9% during the 2nd quarter. Sei Investments Co. now owns 4,633 shares of the company’s stock valued at $148,000 after acquiring an additional 380 shares during the period. ETRADE Capital Management LLC grew its position in shares of Central Garden & Pet by 2.3% during the 2nd quarter. ETRADE Capital Management LLC now owns 20,354 shares of the company’s stock valued at $647,000 after acquiring an additional 466 shares during the period. Finally, BNP Paribas Arbitrage SA grew its position in shares of Central Garden & Pet by 20.7% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 3,136 shares of the company’s stock valued at $100,000 after acquiring an additional 537 shares during the period. Hedge funds and other institutional investors own 20.05% of the company’s stock.

Central Garden & Pet (NASDAQ CENT) traded down $0.27 during midday trading on Tuesday, hitting $39.06. The company’s stock had a trading volume of 119,398 shares, compared to its average volume of 101,631. The stock has a market cap of $1,960.00, a price-to-earnings ratio of 27.17, a P/E/G ratio of 2.44 and a beta of 0.03. Central Garden & Pet has a twelve month low of $29.08 and a twelve month high of $42.29. The company has a debt-to-equity ratio of 0.62, a current ratio of 3.10 and a quick ratio of 1.37.

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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.

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

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