Central Garden & Pet Company (NASDAQ:CENT) – Equities researchers at Oppenheimer Holdings increased their FY2018 earnings per share (EPS) estimates for Central Garden & Pet in a research report issued on Thursday. Oppenheimer Holdings analyst B. Nagel now anticipates that the company will post earnings per share of $1.60 for the year, up from their prior forecast of $1.52. Oppenheimer Holdings currently has a “Hold” rating on the stock.

Central Garden & Pet (NASDAQ:CENT) last announced its quarterly earnings data on Wednesday, August 2nd. The company reported $0.62 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.51 by $0.11. The business had revenue of $574.59 million during the quarter, compared to analyst estimates of $544.26 million. Central Garden & Pet had a return on equity of 14.01% and a net margin of 3.49%. The company’s revenue was up 11.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.48 earnings per share.

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Other equities research analysts have also recently issued reports about the company. Zacks Investment Research raised Central Garden & Pet from a “sell” rating to a “hold” rating in a research note on Friday. BidaskClub raised Central Garden & Pet from a “sell” rating to a “hold” rating in a research note on Monday, July 24th. CL King assumed coverage on Central Garden & Pet in a research note on Friday, July 7th. They issued a “buy” rating and a $38.00 target price for the company. Sidoti raised Central Garden & Pet from a “neutral” rating to a “buy” rating in a research note on Monday, June 19th. Finally, Argus assumed coverage on Central Garden & Pet in a research note on Wednesday, April 19th. They issued a “buy” rating and a $44.00 target price for the company. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $39.50.

Shares of Central Garden & Pet (NASDAQ CENT) traded down 1.64% during midday trading on Friday, hitting $35.33. The stock had a trading volume of 147,037 shares. The firm has a market capitalization of $1.83 billion, a PE ratio of 26.64 and a beta of 0.12. The firm’s 50-day moving average price is $32.02 and its 200-day moving average price is $33.93. Central Garden & Pet has a one year low of $22.97 and a one year high of $39.33.

In other news, insider Michael A. Reed sold 15,107 shares of the firm’s stock in a transaction on Friday, May 12th. The stock was sold at an average price of $33.21, for a total value of $501,703.47. Following the transaction, the insider now directly owns 142,558 shares in the company, valued at approximately $4,734,351.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John Ranelli sold 3,100 shares of the firm’s stock in a transaction on Friday, May 26th. The stock was sold at an average price of $29.33, for a total value of $90,923.00. Following the completion of the transaction, the director now owns 110,668 shares in the company, valued at $3,245,892.44. The disclosure for this sale can be found here. Insiders sold a total of 82,382 shares of company stock worth $2,613,603 over the last 90 days. 11.60% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of CENT. Texas Permanent School Fund raised its position in Central Garden & Pet by 1.5% in the second quarter. Texas Permanent School Fund now owns 7,458 shares of the company’s stock valued at $237,000 after buying an additional 108 shares in the last quarter. New York State Teachers Retirement System raised its position in Central Garden & Pet by 2.6% in the first quarter. New York State Teachers Retirement System now owns 8,042 shares of the company’s stock valued at $298,000 after buying an additional 200 shares in the last quarter. Sei Investments Co. raised its position in 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 buying an additional 380 shares in the last quarter. Comerica Bank raised its position in Central Garden & Pet by 4.7% in the first quarter. Comerica Bank now owns 11,281 shares of the company’s stock valued at $437,000 after buying an additional 506 shares in the last quarter. Finally, BNP Paribas Arbitrage SA raised its position in 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 buying an additional 537 shares in the last quarter. Institutional investors and hedge funds own 21.20% of the company’s stock.

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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