Central Garden & Pet (NASDAQ:CENTA) Posts Quarterly Earnings Results, Misses Expectations By $0.06 EPS

Central Garden & Pet (NASDAQ:CENTA) announced its quarterly earnings data on Thursday. The company reported $0.80 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.86 by ($0.06), Morningstar.com reports. Central Garden & Pet had a net margin of 4.19% and a return on equity of 9.92%. The company had revenue of $706.58 million during the quarter, compared to analyst estimates of $689.17 million.

CENTA traded down $5.85 during midday trading on Friday, reaching $21.37. 1,184,778 shares of the company’s stock were exchanged, compared to its average volume of 227,139. The company has a quick ratio of 2.79, a current ratio of 4.52 and a debt-to-equity ratio of 0.69. The firm has a market cap of $1.61 billion, a PE ratio of 11.19, a PEG ratio of 3.79 and a beta of 0.04. The company’s 50-day moving average price is $25.61. Central Garden & Pet has a 1-year low of $20.97 and a 1-year high of $40.81.

A number of equities analysts have issued reports on the stock. BidaskClub upgraded shares of Central Garden & Pet from a “sell” rating to a “hold” rating in a research report on Wednesday, July 24th. KeyCorp cut their target price on shares of Central Garden & Pet from $39.00 to $36.00 and set an “overweight” rating for the company in a research report on Friday. Zacks Investment Research upgraded shares of Central Garden & Pet from a “sell” rating to a “hold” rating in a research report on Wednesday, July 17th. Finally, Monness Crespi & Hardt restated a “buy” rating and set a $36.00 target price (down previously from $44.00) on shares of Central Garden & Pet in a research report on Friday. One analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the stock. Central Garden & Pet currently has a consensus rating of “Hold” and a consensus target price of $39.60.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Amundi Pioneer Asset Management Inc. purchased a new stake in shares of Central Garden & Pet during the first quarter worth about $56,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Central Garden & Pet by 30.4% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,454 shares of the company’s stock worth $80,000 after buying an additional 805 shares in the last quarter. Advisory Services Network LLC purchased a new stake in shares of Central Garden & Pet during the second quarter worth about $94,000. NumerixS Investment Technologies Inc purchased a new stake in shares of Central Garden & Pet during the first quarter worth about $142,000. Finally, SG Americas Securities LLC purchased a new stake in shares of Central Garden & Pet during the first quarter worth about $185,000. Institutional investors own 66.22% of the company’s stock.

About Central Garden & Pet

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, 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 food, cages and habitats, toys, chews, and related accessories.

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

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