$433.19 Million in Sales Expected for Central Garden & Pet Co (CENT) This Quarter
Brokerages forecast that Central Garden & Pet Co (NASDAQ:CENT) will announce $433.19 million in sales for the current quarter, according to Zacks. Three analysts have issued estimates for Central Garden & Pet’s earnings. The lowest sales estimate is $430.40 million and the highest is $436.28 million. Central Garden & Pet posted sales of $419.50 million during the same quarter last year, which suggests a positive year-over-year growth rate of 3.3%. The company is scheduled to report its next quarterly earnings report on Thursday, February 1st.
On average, analysts expect that Central Garden & Pet will report full year sales of $433.19 million for the current year, with estimates ranging from $2.06 billion to $2.11 billion. For the next year, analysts forecast that the business will report sales of $2.13 billion per share, with estimates ranging from $2.11 billion to $2.16 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that follow Central Garden & Pet.
Central Garden & Pet (NASDAQ:CENT) last released its quarterly earnings results on Tuesday, November 28th. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.02). The firm had revenue of $490.46 million for the quarter, compared to analyst estimates of $439.07 million. Central Garden & Pet had a return on equity of 12.81% and a net margin of 3.84%. The company’s quarterly revenue was up 18.6% compared to the same quarter last year. During the same period last year, the firm earned $0.13 EPS.
Central Garden & Pet (CENT) opened at $36.65 on Wednesday. The stock has a market capitalization of $1,898.12, a price-to-earnings ratio of 24.11, a PEG ratio of 2.07 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 one year low of $29.08 and a one year high of $42.29.
In related news, Director Brooks Pennington III sold 10,000 shares of the business’s stock in a transaction dated Wednesday, January 10th. The shares were sold at an average price of $35.47, for a total value of $354,700.00. Following the completion of the transaction, the director now owns 35,928 shares of the company’s stock, valued at approximately $1,274,366.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Nicholas Lahanas sold 7,119 shares of the business’s stock in a transaction dated Tuesday, December 12th. The shares were sold at an average price of $38.78, for a total transaction of $276,074.82. Following the completion of 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. Insiders sold a total of 80,299 shares of company stock valued at $3,028,258 in the last three months. 12.60% of the stock is currently owned by corporate insiders.
Hedge funds have recently made changes to their positions in the stock. Citadel Advisors LLC acquired a new position in Central Garden & Pet in the 2nd quarter valued at about $407,000. Schwab Charles Investment Management Inc. grew its holdings in Central Garden & Pet by 14.5% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 44,976 shares of the company’s stock valued at $1,430,000 after buying an additional 5,682 shares during the period. Tokio Marine Asset Management Co. Ltd. grew its holdings in Central Garden & Pet by 27.6% in the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 12,500 shares of the company’s stock valued at $486,000 after buying an additional 2,700 shares during the period. Citigroup Inc. grew its holdings in Central Garden & Pet by 143.9% in the 2nd quarter. Citigroup Inc. now owns 32,036 shares of the company’s stock valued at $1,019,000 after buying an additional 18,903 shares during the period. Finally, 361 Capital LLC purchased a new stake in Central Garden & Pet in the 3rd quarter valued at about $2,199,000. 20.02% of the stock is owned by hedge funds and other institutional investors.
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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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