FY2019 Earnings Estimate for Central Garden & Pet Co (CENT) Issued By KeyCorp

Central Garden & Pet Co (NASDAQ:CENT) – Stock analysts at KeyCorp boosted their FY2019 earnings per share (EPS) estimates for Central Garden & Pet in a research report issued on Wednesday. KeyCorp analyst J. Gere now anticipates that the company will post earnings per share of $2.14 for the year, up from their prior estimate of $1.86. KeyCorp has a “Overweight” rating and a $44.00 price objective on the stock.

A number of other analysts have also commented on CENT. Zacks Investment Research upgraded Central Garden & Pet from a “hold” rating to a “buy” rating and set a $41.00 price target on the stock in a report on Friday. Oppenheimer restated a “hold” rating on shares of Central Garden & Pet in a report on Wednesday, November 29th. Sidoti lowered Central Garden & Pet from a “buy” rating to a “neutral” rating in a report on Monday, October 16th. BidaskClub downgraded shares of Central Garden & Pet from a “hold” rating to a “sell” rating in a report on Saturday, January 6th. Finally, CL King began coverage on shares of Central Garden & Pet in a report on Thursday, December 7th. They set a “buy” rating and a $47.00 target price for the company. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the stock. Central Garden & Pet presently has a consensus rating of “Hold” and a consensus target price of $44.00.

Shares of Central Garden & Pet (CENT) opened at $37.88 on Monday. The company has a market capitalization of $1,963.96, a PE ratio of 20.26, a PEG ratio of 2.00 and a beta of 0.06. Central Garden & Pet has a twelve month low of $29.08 and a twelve month high of $42.29. The company has a quick ratio of 2.46, a current ratio of 4.42 and a debt-to-equity ratio of 1.04.

Central Garden & Pet (NASDAQ:CENT) last issued its quarterly earnings results on Wednesday, February 7th. The company reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of $0.15 by $0.04. The company had revenue of $442.01 million for the quarter, compared to analyst estimates of $435.19 million. Central Garden & Pet had a return on equity of 12.86% and a net margin of 4.69%. The company’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.12 earnings per share.

In other Central Garden & Pet news, CFO Nicholas Lahanas sold 7,119 shares of the firm’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 sale, the chief financial officer now directly owns 27,959 shares of the company’s stock, valued at approximately $1,084,250.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John Ranelli sold 16,189 shares of the firm’s stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $38.17, for a total transaction of $617,934.13. Following the sale, the director now directly owns 61,317 shares in the company, valued at $2,340,469.89. The disclosure for this sale can be found here. Insiders have sold a total of 80,299 shares of company stock valued at $3,028,258 over the last 90 days. 12.60% of the stock is currently owned by insiders.

Several institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in shares of Central Garden & Pet by 3.8% during the 2nd quarter. Vanguard Group Inc. now owns 1,372,123 shares of the company’s stock worth $43,620,000 after purchasing an additional 49,679 shares during the last quarter. Wells Fargo & Company MN boosted its stake in shares of Central Garden & Pet by 1.6% during the 4th quarter. Wells Fargo & Company MN now owns 813,174 shares of the company’s stock worth $31,649,000 after purchasing an additional 12,911 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in shares of Central Garden & Pet by 67.2% during the 3rd quarter. Russell Investments Group Ltd. now owns 300,759 shares of the company’s stock worth $11,681,000 after purchasing an additional 120,898 shares during the last quarter. State Street Corp boosted its position in shares of Central Garden & Pet by 9.8% in the second quarter. State Street Corp now owns 245,510 shares of the company’s stock worth $7,805,000 after acquiring an additional 21,956 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of Central Garden & Pet by 41.2% in the third quarter. Bank of New York Mellon Corp now owns 204,093 shares of the company’s stock worth $7,927,000 after acquiring an additional 59,561 shares during the last quarter. 19.91% of the stock is currently owned by 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.

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

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