Central Garden & Pet (NASDAQ:CENT) Expected to Announce Quarterly Sales of $619.66 Million

Equities research analysts expect that Central Garden & Pet (NASDAQ:CENT) will announce sales of $619.66 million for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Central Garden & Pet’s earnings, with estimates ranging from $610.07 million to $629.60 million. Central Garden & Pet reported sales of $592.23 million during the same quarter last year, which suggests a positive year-over-year growth rate of 4.6%. The company is expected to issue its next earnings results on Wednesday, February 2nd.

According to Zacks, analysts expect that Central Garden & Pet will report full-year sales of $3.44 billion for the current fiscal year, with estimates ranging from $3.38 billion to $3.48 billion. For the next year, analysts forecast that the firm will report sales of $3.54 billion, with estimates ranging from $3.48 billion to $3.58 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover Central Garden & Pet.

Central Garden & Pet (NASDAQ:CENT) last issued its quarterly earnings results on Monday, November 22nd. The company reported ($0.06) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.24) by $0.18. Central Garden & Pet had a return on equity of 15.62% and a net margin of 5.19%. During the same quarter last year, the company earned $0.25 EPS.

NASDAQ:CENT traded down $0.16 during mid-day trading on Monday, reaching $51.45. 52,551 shares of the company’s stock traded hands, compared to its average volume of 73,302. Central Garden & Pet has a 12-month low of $36.53 and a 12-month high of $62.91. The firm has a market capitalization of $2.87 billion, a price-to-earnings ratio of 16.92 and a beta of 0.55. The company has a debt-to-equity ratio of 0.95, a current ratio of 3.29 and a quick ratio of 2.07. The company has a 50 day moving average price of $50.80 and a 200-day moving average price of $51.06.

In other news, insider John D. Walker III sold 4,500 shares of the firm’s stock in a transaction dated Friday, August 27th. The stock was sold at an average price of $42.30, for a total transaction of $190,350.00. Following the completion of the transaction, the insider now owns 97,272 shares in the company, valued at $4,114,605.60. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 10.75% of the company’s stock.

Hedge funds have recently modified their holdings of the company. American Century Companies Inc. lifted its holdings in Central Garden & Pet by 1.9% during the 3rd quarter. American Century Companies Inc. now owns 13,906 shares of the company’s stock worth $667,000 after buying an additional 260 shares in the last quarter. Advisor Group Holdings Inc. grew its holdings in Central Garden & Pet by 9.6% in the second quarter. Advisor Group Holdings Inc. now owns 3,218 shares of the company’s stock valued at $171,000 after purchasing an additional 282 shares during the period. Goldman Sachs Group Inc. grew its holdings in Central Garden & Pet by 4.8% in the second quarter. Goldman Sachs Group Inc. now owns 6,284 shares of the company’s stock valued at $333,000 after purchasing an additional 286 shares during the period. Louisiana State Employees Retirement System lifted its position in Central Garden & Pet by 6.8% during the third quarter. Louisiana State Employees Retirement System now owns 4,700 shares of the company’s stock valued at $226,000 after buying an additional 300 shares in the last quarter. Finally, Royal Bank of Canada lifted its position in Central Garden & Pet by 2.7% during the third quarter. Royal Bank of Canada now owns 15,760 shares of the company’s stock valued at $757,000 after buying an additional 421 shares in the last quarter. Hedge funds and other institutional investors own 18.23% of the company’s stock.

Central Garden & Pet Company Profile

Central Garden & Pet Co is an innovator, producer and distributor of branded and private label products for the lawn & garden and pet supplies markets in the United States. Founded initially as a distribution company, it grew its business through a succession of over 50 acquisitions and created a broad portfolio which allows for economies of scale and market advantages.

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

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