December 1, 2020

-$0.02 Earnings Per Share Expected for Central Garden & Pet (NASDAQ:CENTA) This Quarter

By haziqbinarif


Brokerages predict that Central Garden & Pet (NASDAQ:CENTA) will report earnings of ($0.02) per share for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Central Garden & Pet’s earnings. The highest EPS estimate is $0.06 and the lowest is ($0.11). Central Garden & Pet reported earnings of ($0.08) per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 75%. The business is scheduled to issue its next earnings report on Wednesday, February 3rd.

According to Zacks, analysts expect that Central Garden & Pet will report full-year earnings of $2.06 per share for the current fiscal year, with EPS estimates ranging from $2.04 to $2.08. For the next year, analysts expect that the firm will post earnings of $2.18 per share, with EPS estimates ranging from $2.15 to $2.19. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that follow Central Garden & Pet.

Central Garden & Pet (NASDAQ:CENTA) last posted its quarterly earnings data on Sunday, November 22nd. The company reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.27. Central Garden & Pet had a net margin of 4.48% and a return on equity of 12.03%.

A number of analysts recently issued reports on the stock. Monness Crespi & Hardt lifted their price target on shares of Central Garden & Pet from $36.00 to $42.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Zacks Investment Research downgraded Central Garden & Pet from a “buy” rating to a “hold” rating in a research note on Thursday, November 26th. KeyCorp boosted their target price on shares of Central Garden & Pet from $38.00 to $40.00 and gave the company an “overweight” rating in a research note on Monday, August 3rd. Finally, ValuEngine cut shares of Central Garden & Pet from a “hold” rating to a “sell” rating in a research note on Wednesday, November 25th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $39.50.

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A number of hedge funds have recently modified their holdings of the business. FNY Investment Advisers LLC raised its stake in shares of Central Garden & Pet by 43.5% in the 3rd quarter. FNY Investment Advisers LLC now owns 1,600 shares of the company’s stock valued at $57,000 after acquiring an additional 485 shares in the last quarter. Alpha Windward LLC grew its stake in Central Garden & Pet by 8.2% in the 3rd quarter. Alpha Windward LLC now owns 11,100 shares of the company’s stock valued at $401,000 after buying an additional 840 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in Central Garden & Pet by 11.1% in the 2nd quarter. PNC Financial Services Group Inc. now owns 8,811 shares of the company’s stock worth $298,000 after acquiring an additional 881 shares during the period. Macquarie Group Ltd. bought a new stake in Central Garden & Pet during the second quarter valued at about $30,000. Finally, Advisor Group Holdings Inc. bought a new position in shares of Central Garden & Pet in the first quarter worth about $39,000. 62.23% of the stock is currently owned by institutional investors.

Shares of Central Garden & Pet stock opened at $36.89 on Tuesday. The company has a debt-to-equity ratio of 0.64, a current ratio of 3.46 and a quick ratio of 2.70. Central Garden & Pet has a 1-year low of $21.66 and a 1-year high of $41.10. The business has a 50-day moving average of $37.21 and a 200-day moving average of $35.52. The company has a market capitalization of $2.02 billion, a PE ratio of 16.62 and a beta of 0.79.

Central Garden & Pet Company Profile

Central Garden & Pet Company, together with its subsidiaries, produces and distributes products for the lawn and garden, and pet supplies markets in the United States. It operates through two segments, Pet and Garden. The Pet segment supplies products for dogs and cats, including edible bones, edible and non-edible chews, rawhides, dog and cat food and treats, toys, pet carriers, grooming supplies, and other accessories; and products for birds, small animals, and specialty pets, such as cages and habitats, toys, chews, and related accessories.

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

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