Equities research analysts expect Central Garden & Pet Co (NASDAQ:CENT) to report $433.19 million in sales for the current fiscal quarter, according to Zacks. Three analysts have made estimates for Central Garden & Pet’s earnings, with the lowest sales estimate coming in at $430.40 million and the highest estimate coming in at $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 business is expected to report its next 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 fiscal year, with estimates ranging from $2.06 billion to $2.11 billion. For the next year, analysts forecast that the firm will report sales of $2.13 billion per share, with estimates ranging from $2.11 billion to $2.16 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that cover Central Garden & Pet.

Central Garden & Pet (NASDAQ:CENT) last issued its earnings results on Tuesday, November 28th. The company reported $0.08 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.10 by ($0.02). Central Garden & Pet had a return on equity of 12.81% and a net margin of 3.84%. The firm had revenue of $490.46 million for the quarter, compared to analysts’ expectations of $439.07 million. During the same quarter in the previous year, the firm posted $0.13 EPS. The firm’s revenue for the quarter was up 18.6% compared to the same quarter last year.

A number of analysts have recently issued reports on the company. Zacks Investment Research cut Central Garden & Pet from a “hold” rating to a “sell” rating in a report on Wednesday, November 29th. Oppenheimer reiterated a “hold” rating on shares of Central Garden & Pet in a report on Wednesday, November 29th. KeyCorp reiterated a “hold” rating on shares of Central Garden & Pet in a report on Monday, October 16th. BidaskClub cut Central Garden & Pet from a “hold” rating to a “sell” rating in a report on Saturday, January 6th. Finally, CL King assumed coverage on Central Garden & Pet in a report on Thursday, December 7th. They set a “buy” rating and a $47.00 target price for the company. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. Central Garden & Pet has a consensus rating of “Hold” and an average price target of $44.00.

Shares of Central Garden & Pet (NASDAQ:CENT) opened at $36.65 on Wednesday. The company has a current ratio of 3.10, a quick ratio of 1.37 and a debt-to-equity ratio of 0.62. Central Garden & Pet has a fifty-two week low of $29.08 and a fifty-two week high of $42.29. The stock has a market capitalization of $1,898.12, a PE ratio of 24.11, a PEG ratio of 2.07 and a beta of 0.03.

In related news, Director John Ranelli sold 46,991 shares of the business’s stock in a transaction that occurred on Wednesday, December 13th. The stock was sold at an average price of $37.87, for a total transaction of $1,779,549.17. Following the transaction, the director now directly owns 61,317 shares of the company’s stock, valued at approximately $2,322,074.79. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Brooks Pennington III sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 10th. The stock was sold at an average price of $35.47, for a total value of $354,700.00. Following the transaction, the director now directly owns 35,928 shares in the company, valued at $1,274,366.16. The disclosure for this sale can be found here. Insiders have sold a total of 80,299 shares of company stock worth $3,028,258 over the last three months. 12.60% of the stock is currently owned by corporate insiders.

Institutional investors have recently added to or reduced their stakes in the stock. Citadel Advisors LLC acquired a new position in Central Garden & Pet during the 2nd quarter worth approximately $407,000. Schwab Charles Investment Management Inc. lifted its position in Central Garden & Pet by 14.5% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 44,976 shares of the company’s stock worth $1,430,000 after acquiring an additional 5,682 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. lifted its position in Central Garden & Pet by 27.6% during the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 12,500 shares of the company’s stock worth $486,000 after acquiring an additional 2,700 shares in the last quarter. Citigroup Inc. lifted its position in Central Garden & Pet by 143.9% during the 2nd quarter. Citigroup Inc. now owns 32,036 shares of the company’s stock worth $1,019,000 after acquiring an additional 18,903 shares in the last quarter. Finally, 361 Capital LLC acquired a new position in Central Garden & Pet during the 3rd quarter worth approximately $2,199,000. 20.02% of the stock is currently 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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Earnings History and Estimates for Central Garden & Pet (NASDAQ:CENT)

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