Central Garden & Pet (CENTA) Set to Announce Quarterly Earnings on Wednesday

Central Garden & Pet (NASDAQ:CENTAGet Free Report) is scheduled to be issuing its quarterly earnings data after the market closes on Wednesday, February 7th. Analysts expect the company to announce earnings of ($0.18) per share for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

Central Garden & Pet (NASDAQ:CENTAGet Free Report) last issued its quarterly earnings data on Monday, November 20th. The company reported $0.08 EPS for the quarter, topping the consensus estimate of $0.06 by $0.02. The firm had revenue of $750.15 million during the quarter, compared to the consensus estimate of $731.81 million. Central Garden & Pet had a return on equity of 9.93% and a net margin of 3.80%. During the same period in the prior year, the business posted ($0.03) earnings per share. On average, analysts expect Central Garden & Pet to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Central Garden & Pet Stock Performance

Shares of Central Garden & Pet stock opened at $40.70 on Tuesday. The company has a market cap of $2.19 billion, a PE ratio of 17.32 and a beta of 0.64. Central Garden & Pet has a 52 week low of $33.77 and a 52 week high of $45.93. The business has a 50 day moving average price of $37.09 and a 200-day moving average price of $33.84. The company has a quick ratio of 1.90, a current ratio of 3.73 and a debt-to-equity ratio of 0.82.

Central Garden & Pet’s stock is scheduled to split before the market opens on Friday, February 9th. The 5-4 split was announced on Friday, February 9th. The newly issued shares will be payable to shareholders after the closing bell on Friday, February 9th.

Central Garden & Pet Dividend Announcement

The business also recently disclosed a — dividend, which will be paid on Thursday, February 8th. Stockholders of record on Monday, January 8th will be paid a $25.00 dividend. The ex-dividend date is Friday, February 9th.

Wall Street Analyst Weigh In

CENTA has been the subject of several analyst reports. TheStreet downgraded Central Garden & Pet from a “b” rating to a “c+” rating in a research note on Tuesday, November 21st. StockNews.com downgraded Central Garden & Pet from a “buy” rating to a “hold” rating in a research report on Sunday, January 21st. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $35.47.

Read Our Latest Report on CENTA

Insider Activity at Central Garden & Pet

In other Central Garden & Pet news, insider John Edward Hanson sold 7,500 shares of the stock in a transaction on Tuesday, December 5th. The stock was sold at an average price of $31.38, for a total transaction of $235,380.00. Following the completion of the transaction, the insider now directly owns 43,135 shares of the company’s stock, valued at $1,353,748.84. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Central Garden & Pet news, insider John Edward Hanson sold 7,500 shares of the stock in a transaction on Tuesday, December 5th. The stock was sold at an average price of $31.38, for a total transaction of $235,380.00. Following the completion of the transaction, the insider now directly owns 43,135 shares of the company’s stock, valued at $1,353,748.84. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director John Ranelli sold 3,500 shares of the stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $28.98, for a total value of $101,416.00. Following the transaction, the director now directly owns 182 shares of the company’s stock, valued at $5,273.63. The disclosure for this sale can be found here. 20.28% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Central Garden & Pet

A number of large investors have recently made changes to their positions in CENTA. Point72 Hong Kong Ltd bought a new position in shares of Central Garden & Pet in the second quarter worth $42,000. State of Wyoming boosted its holdings in shares of Central Garden & Pet by 66.8% in the second quarter. State of Wyoming now owns 1,583 shares of the company’s stock worth $58,000 after acquiring an additional 634 shares during the period. Lazard Asset Management LLC bought a new position in shares of Central Garden & Pet in the second quarter worth $100,000. Northwestern Mutual Wealth Management Co. bought a new position in shares of Central Garden & Pet in the fourth quarter worth $118,000. Finally, UBS Group AG boosted its stake in Central Garden & Pet by 262.1% during the third quarter. UBS Group AG now owns 4,323 shares of the company’s stock valued at $147,000 after buying an additional 3,129 shares during the period. 67.38% of the stock is owned by institutional investors.

Central Garden & Pet Company Profile

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Central Garden & Pet Company produces and distributes various 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 provides dog and cat supplies, such as dog treats and chews, toys, pet beds and containment, grooming products, waste management, and training pads; supplies for aquatics, small animals, reptiles, and pet birds, including toys, cages and habitats, bedding, and food and supplements; products for equine and livestock; animal and household health and insect control products; aquariums and terrariums, including fixtures and stands, water conditioners and supplements, water pumps and filters, and lighting systems and accessories; and live fish and small animals, as well as outdoor cushions.

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

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