Central Garden & Pet Co (NASDAQ:CENT) – Analysts at SunTrust Banks increased their FY2018 earnings per share (EPS) estimates for Central Garden & Pet in a research note issued on Monday. SunTrust Banks analyst W. Chappell now forecasts that the company will earn $2.01 per share for the year, up from their prior estimate of $1.68.

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

Other analysts have also recently issued research reports about the stock. Zacks Investment Research raised shares of Central Garden & Pet from a “sell” rating to a “hold” rating in a research note on Wednesday, November 15th. CL King began coverage on shares of Central Garden & Pet in a research note on Thursday, December 7th. They issued a “buy” rating and a $47.00 price target for the company. KeyCorp reissued a “hold” rating on shares of Central Garden & Pet in a research note on Monday, October 16th. Sidoti cut shares of Central Garden & Pet from a “buy” rating to a “neutral” rating in a research note on Monday, October 16th. Finally, BidaskClub cut shares of Central Garden & Pet from a “buy” rating to a “hold” rating in a research note on Tuesday, December 12th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $44.00.

Central Garden & Pet (NASDAQ:CENT) traded down $0.40 during mid-day trading on Wednesday, reaching $37.18. 62,500 shares of the company’s stock were exchanged, compared to its average volume of 134,133. The firm has a market cap of $1,860.00, a P/E ratio of 24.46, a price-to-earnings-growth ratio of 2.22 and a beta of 0.03. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.37 and a current ratio of 3.10. Central Garden & Pet has a 12 month low of $29.08 and a 12 month high of $42.29.

In related news, Director John Ranelli sold 16,189 shares of the stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $38.17, for a total transaction of $617,934.13. Following the completion of the transaction, the director now owns 61,317 shares of the company’s stock, valued at approximately $2,340,469.89. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Nicholas Lahanas sold 7,119 shares of the stock in a transaction that occurred on Tuesday, December 12th. The stock was sold at an average price of $38.78, for a total transaction of $276,074.82. Following the transaction, the chief financial officer now directly owns 27,959 shares of the company’s stock, valued at approximately $1,084,250.02. The disclosure for this sale can be found here. In the last three months, insiders sold 70,299 shares of company stock valued at $2,673,558. Corporate insiders own 12.60% of the company’s stock.

Several large investors have recently bought and sold shares of CENT. Renaissance Technologies LLC boosted its position in shares of Central Garden & Pet by 34.8% during the 2nd quarter. Renaissance Technologies LLC now owns 641,776 shares of the company’s stock worth $20,402,000 after purchasing an additional 165,676 shares during the period. Russell Investments Group Ltd. boosted its position in Central Garden & Pet by 67.2% in the 3rd quarter. Russell Investments Group Ltd. now owns 300,759 shares of the company’s stock valued at $11,681,000 after buying an additional 120,898 shares during the period. Ameriprise Financial Inc. boosted its position in Central Garden & Pet by 85.5% in the 2nd quarter. Ameriprise Financial Inc. now owns 150,475 shares of the company’s stock valued at $4,784,000 after buying an additional 69,342 shares during the period. Bank of New York Mellon Corp boosted its position in Central Garden & Pet by 41.2% in the 3rd quarter. Bank of New York Mellon Corp now owns 204,093 shares of the company’s stock valued at $7,927,000 after buying an additional 59,561 shares during the period. Finally, 361 Capital LLC purchased a new position in Central Garden & Pet in the 3rd quarter valued at approximately $2,199,000. 20.02% of the stock is owned by hedge funds and other institutional investors.

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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.

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

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