Brokerages expect Central Garden & Pet (NASDAQ:CENTA) to report sales of $954.27 million for the current fiscal quarter, Zacks reports. Three analysts have made estimates for Central Garden & Pet’s earnings. The highest sales estimate is $988.60 million and the lowest is $929.90 million. Central Garden & Pet reported sales of $833.48 million in the same quarter last year, which would suggest a positive year over year growth rate of 14.5%. The business is expected to report its next quarterly earnings report on Wednesday, August 4th.
On average, analysts expect that Central Garden & Pet will report full-year sales of $3.20 billion for the current fiscal year, with estimates ranging from $3.16 billion to $3.25 billion. For the next year, analysts anticipate that the company will report sales of $3.38 billion, with estimates ranging from $3.23 billion to $3.61 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow Central Garden & Pet.
Central Garden & Pet (NASDAQ:CENTA) last posted its quarterly earnings data on Wednesday, May 5th. The company reported $1.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.08 by $0.24. Central Garden & Pet had a return on equity of 15.85% and a net margin of 5.30%. The business had revenue of $935.25 million for the quarter, compared to analysts’ expectations of $874.81 million.
CENTA has been the topic of a number of research analyst reports. JPMorgan Chase & Co. lifted their target price on Central Garden & Pet from $45.00 to $53.00 and gave the company a “neutral” rating in a report on Friday, April 16th. Truist initiated coverage on Central Garden & Pet in a report on Monday, May 10th. They issued a “buy” rating and a $65.00 target price on the stock. Truist Securities initiated coverage on Central Garden & Pet in a report on Monday, May 10th. They issued a “buy” rating and a $65.00 target price on the stock. Zacks Investment Research cut Central Garden & Pet from a “hold” rating to a “sell” rating in a report on Tuesday, July 20th. Finally, Monness Crespi & Hardt boosted their price objective on Central Garden & Pet from $47.00 to $59.00 and gave the stock a “buy” rating in a research note on Tuesday, April 13th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $59.00.
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CENTA stock opened at $44.92 on Friday. Central Garden & Pet has a 52-week low of $33.11 and a 52-week high of $55.82. The business’s fifty day simple moving average is $48.97. The company has a quick ratio of 1.37, a current ratio of 2.62 and a debt-to-equity ratio of 0.84. The firm has a market capitalization of $2.50 billion, a PE ratio of 15.28 and a beta of 0.65.
Institutional investors have recently made changes to their positions in the stock. Amundi Pioneer Asset Management Inc. acquired a new position in Central Garden & Pet in the first quarter valued at approximately $56,000. Credit Suisse AG boosted its stake in Central Garden & Pet by 63.0% in the fourth quarter. Credit Suisse AG now owns 42,971 shares of the company’s stock valued at $1,561,000 after acquiring an additional 16,604 shares during the period. Federated Hermes Inc. boosted its stake in Central Garden & Pet by 0.8% in the fourth quarter. Federated Hermes Inc. now owns 63,935 shares of the company’s stock valued at $2,323,000 after acquiring an additional 480 shares during the period. Engineers Gate Manager LP acquired a new position in Central Garden & Pet in the fourth quarter valued at approximately $636,000. Finally, Armistice Capital LLC boosted its position in shares of Central Garden & Pet by 9.5% during the fourth quarter. Armistice Capital LLC now owns 1,064,000 shares of the company’s stock worth $38,655,000 after buying an additional 92,000 shares during the period. 64.90% of the stock is owned by hedge funds and other institutional investors.
Central Garden & Pet Company Profile
Central Garden & Pet Company produces and distributes various products for the lawn and garden, and pet supplies markets in the United States. It provides pet supplies products, including edible chews and treats, dog chew toys, dog play toys, natural dog treats and chews, pet dental chews and solutions, dog training pads, pet containment, grooming supplies, and other accessories; products for birds, small animals, and specialty pets comprising food, cages and habitats, toys, chews, and related accessories; animal and household health and insect control products; live fish and products for fish, reptiles, and other aquarium-based pets, such as aquariums, furniture and lighting fixtures, pumps, filters, water conditioners, food, and supplements; and products for horses and livestock, as well as outdoor cushions and pillows.
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