Wall Street brokerages expect Central Garden & Pet Company (NASDAQ:CENT) to report $439.92 million in sales for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Central Garden & Pet’s earnings, with the highest sales estimate coming in at $441.70 million and the lowest estimate coming in at $438.16 million. Central Garden & Pet posted sales of $413.41 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 6.4%. The company is scheduled to issue its next earnings results on Thursday, December 7th.

On average, analysts expect that Central Garden & Pet will report full-year sales of $439.92 million for the current fiscal year, with estimates ranging from $2.00 billion to $2.01 billion. For the next financial year, analysts anticipate that the firm will report sales of $2.06 billion per share, with estimates ranging from $2.05 billion to $2.07 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Central Garden & Pet.

Central Garden & Pet (NASDAQ:CENT) last released 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 company had revenue of $574.59 million for the quarter, compared to the consensus estimate of $544.26 million. Central Garden & Pet had a return on equity of 13.66% and a net margin of 3.49%. Central Garden & Pet’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same quarter last year, the business posted $0.48 EPS.

Several research firms have recently weighed in on CENT. BidaskClub upgraded shares of Central Garden & Pet from a “sell” rating to a “hold” rating in a research report on Saturday, June 10th. Zacks Investment Research downgraded shares of Central Garden & Pet from a “hold” rating to a “sell” rating in a report on Thursday, July 20th. Oppenheimer Holdings Inc. reiterated a “hold” rating on shares of Central Garden & Pet in a research report on Tuesday, June 20th. Sidoti upgraded shares of Central Garden & Pet from a “neutral” rating to a “buy” rating in a research report on Monday, June 19th. Finally, CL King started coverage on Central Garden & Pet in a research note on Friday, July 7th. They issued a “buy” rating and a $38.00 target price on the stock. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $39.00.

In other news, insider Michael A. Reed sold 15,016 shares of the business’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $34.31, for a total value of $515,198.96. Following the completion of the sale, the insider now directly owns 135,008 shares in the company, valued at approximately $4,632,124.48. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director John Ranelli sold 11,800 shares of the business’s stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $34.41, for a total transaction of $406,038.00. Following the completion of the sale, the director now owns 110,668 shares of the company’s stock, valued at $3,808,085.88. The disclosure for this sale can be found here. In the last ninety days, insiders sold 76,890 shares of company stock valued at $2,612,545. 11.60% of the stock is owned by insiders.

Several institutional investors have recently made changes to their positions in the company. Renaissance Technologies LLC grew its holdings in shares of Central Garden & Pet by 34.8% during the 2nd quarter. Renaissance Technologies LLC now owns 641,776 shares of the company’s stock valued at $20,402,000 after purchasing an additional 165,676 shares during the last quarter. Vanguard Group Inc. lifted its stake in Central Garden & Pet by 8.8% in the first quarter. Vanguard Group Inc. now owns 1,322,444 shares of the company’s stock worth $49,022,000 after purchasing an additional 106,439 shares during the last quarter. Russell Investments Group Ltd. lifted its stake in Central Garden & Pet by 102.9% in the second quarter. Russell Investments Group Ltd. now owns 179,861 shares of the company’s stock worth $5,718,000 after purchasing an additional 91,219 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in Central Garden & Pet by 85.5% in the second quarter. Ameriprise Financial Inc. now owns 150,475 shares of the company’s stock worth $4,784,000 after purchasing an additional 69,342 shares during the last quarter. Finally, TIAA CREF Investment Management LLC lifted its stake in Central Garden & Pet by 24.1% in the second quarter. TIAA CREF Investment Management LLC now owns 261,448 shares of the company’s stock worth $8,311,000 after purchasing an additional 50,830 shares during the last quarter. 20.19% of the stock is owned by institutional investors.

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Shares of Central Garden & Pet (NASDAQ:CENT) traded up 0.44% during trading on Friday, reaching $39.10. The company’s stock had a trading volume of 50,572 shares. Central Garden & Pet has a 12-month low of $22.97 and a 12-month high of $39.33. The stock’s 50-day moving average is $36.01 and its 200-day moving average is $34.39. The stock has a market cap of $2.02 billion, a P/E ratio of 29.49 and a beta of 0.10.

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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