Wall Street brokerages expect that Central Garden & Pet Company (NASDAQ:CENT) will post $0.10 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Central Garden & Pet’s earnings, with the lowest EPS estimate coming in at $0.07 and the highest estimate coming in at $0.12. Central Garden & Pet posted earnings of $0.13 per share in the same quarter last year, which would suggest a negative year over year growth rate of 23.1%. The business is scheduled to issue its next quarterly earnings report on Thursday, December 7th.

According to Zacks, analysts expect that Central Garden & Pet will report full year earnings of $1.51 per share for the current fiscal year, with EPS estimates ranging from $1.49 to $1.52. For the next financial year, analysts forecast that the business will report earnings of $1.64 per share, with EPS estimates ranging from $1.60 to $1.71. Zacks’ earnings per share averages are an average based on a survey of research analysts that cover Central Garden & Pet.

Central Garden & Pet (NASDAQ:CENT) last announced its quarterly earnings results on Wednesday, August 2nd. The company reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.11. The company had revenue of $574.59 million for the quarter, compared to the consensus estimate of $544.26 million. Central Garden & Pet had a net margin of 3.49% and a return on equity of 13.66%. Central Garden & Pet’s revenue for the quarter was up 11.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.48 EPS.

A number of equities research analysts have recently commented on CENT shares. Zacks Investment Research cut shares of Central Garden & Pet from a “buy” rating to a “hold” rating in a research report on Monday, May 8th. BidaskClub upgraded shares of Central Garden & Pet from a “sell” rating to a “hold” rating in a research report on Saturday, June 10th. Argus started coverage on shares of Central Garden & Pet in a research report on Wednesday, April 19th. They issued a “buy” rating and a $44.00 target price for the company. Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of Central Garden & Pet in a research report on Tuesday, June 20th. Finally, Sidoti upgraded shares of Central Garden & Pet from a “neutral” rating to a “buy” rating in a research report on Monday, June 19th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $39.50.

Central Garden & Pet (NASDAQ CENT) traded up 1.05% during mid-day trading on Friday, hitting $35.70. 80,301 shares of the stock were exchanged. The stock’s 50 day moving average is $32.02 and its 200 day moving average is $33.93. Central Garden & Pet has a 52-week low of $22.97 and a 52-week high of $39.33. The stock has a market cap of $1.85 billion, a PE ratio of 26.92 and a beta of 0.12.

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In other news, Director John Ranelli sold 15,000 shares of the stock in a transaction dated Friday, May 12th. The shares were sold at an average price of $35.09, for a total value of $526,350.00. Following the completion of the sale, the director now directly owns 47,489 shares in the company, valued at $1,666,389.01. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Michael A. Reed sold 15,107 shares of the stock in a transaction dated Friday, May 12th. The shares were sold at an average price of $33.21, for a total transaction of $501,703.47. Following the completion of the sale, the insider now owns 142,558 shares of the company’s stock, valued at $4,734,351.18. The disclosure for this sale can be found here. Insiders sold 82,382 shares of company stock valued at $2,613,603 over the last quarter. Company insiders own 11.60% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in CENT. BNP Paribas Arbitrage SA boosted its stake 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 during the last quarter. Sei Investments Co. boosted its stake 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 during the last quarter. PNC Financial Services Group Inc. boosted its stake in Central Garden & Pet by 65.7% in the first quarter. PNC Financial Services Group Inc. now owns 4,140 shares of the company’s stock valued at $153,000 after buying an additional 1,641 shares during the last quarter. Hartford Investment Management Co. purchased a new stake in Central Garden & Pet during the first quarter valued at about $204,000. Finally, Thrivent Financial For Lutherans purchased a new stake in Central Garden & Pet during the first quarter valued at about $212,000. Hedge funds and other institutional investors own 21.19% of the company’s stock.

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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