Brokerages forecast Central Garden & Pet (NASDAQ: CENTA) to post earnings of $ 1.01 per share for the current fiscal quarter, according to Zacks investment research. Three analysts estimated Central Garden & Pet’s earnings, with the lowest EPS estimate being $ 0.87 and the highest estimate being $ 1.08. Central Garden & Pet reported earnings of $ 1.32 per share in the same quarter last year, which would suggest a negative growth rate of 23.5% year-over-year. The company is expected to announce its next quarterly results on Wednesday August 4.
On average, analysts predict that Central Garden & Pet will report annual earnings of $ 2.60 per share for the current fiscal year, with EPS estimates ranging from $ 2.39 to $ 2.82. For next year, analysts expect the company to report earnings of $ 2.93 per share, with EPS estimates ranging from $ 2.88 to $ 3.00. Zacks’ earnings per share calculations are an average based on a survey of selling analysts who cover Central Garden & Pet.
Central Garden & Pet (NASDAQ: CENTA) last released its quarterly profit data on Wednesday, May 5. The company reported earnings per share (EPS) of $ 1.32 for the quarter, beating Thomson Reuters’ consensus estimate of $ 1.08 by $ 0.24. The company posted revenue of $ 935.25 million for the quarter, compared to a consensus estimate of $ 874.81 million. Central Garden & Pet recorded a return on equity of 15.85% and a net margin of 5.30%.
CENTA has been the subject of a number of recent research reports. Monness Crespi & Hardt raised its price target for Central Garden & Pet shares from $ 47.00 to $ 59.00 and gave the company a “buy” rating in a research note on Tuesday, April 13 . They noted that the move was an appraisal call. Truist Securities launched a hedge on Central Garden & Pet shares in a report released on Monday, May 10. They set a “buy” rating and a price target of $ 65.00 for the stock. Zacks investment research downgraded Central Garden & Pet’s shares from a “strong buy” rating to a “conservation” rating in a research report released on Tuesday, May 25. JPMorgan Chase & Co. raised its price target for Central Garden & Pet shares from $ 45 to $ 53.00 and rated the company “neutral” in a research report released on Friday, April 16. Finally, KeyCorp raised its price target on Central Garden & Pet shares from $ 57.00 to $ 62.00 and assigned the company an “overweight” rating in a research report released Thursday, May 6. Two research analysts rated the stock with a conservation rating and four gave the stock a buy rating. The company currently has a consensus rating of “Buy” and an average target price of $ 59.
A number of hedge funds have recently changed their holdings of stocks. Victory Capital Management Inc. increased its holdings of Central Garden & Pet shares by 25.5% in the fourth quarter. Victory Capital Management Inc. now owns 22,942 shares of the company valued at $ 833,000 after purchasing an additional 4,666 shares in the last quarter. Credit Suisse AG increased its position in Central Garden & Pet shares by 63.0% in the fourth quarter. Credit Suisse AG now owns 42,971 shares of the company valued at $ 1,561,000 after acquiring an additional 16,604 shares during the period. The Swiss National Bank strengthened its position in Central Garden & Pet shares by 1.4% in the first quarter. The Swiss National Bank now owns 91,000 shares of the company valued at $ 4,722,000 after acquiring an additional 1,300 shares during the period. Wells Fargo & Company MN increased its stake in Central Garden & Pet shares by 0.6% in the fourth quarter. Wells Fargo & Company MN now owns 1,346,012 shares of the company valued at $ 48,901,000 after purchasing an additional 8,339 shares in the last quarter. Finally, Veriti Management LLC acquired a new position in Central Garden & Pet shares in the fourth quarter valued at $ 65,000. 65.12% of the shares are held by institutional investors and hedge funds.
CENTA stock opened at $ 52.00 on Friday. The company has a current ratio of 2.62, a quick ratio of 1.37 and a debt ratio of 0.84. Central Garden & Pet has a twelve month low of $ 30.90 and a twelve month high of $ 55.82. The company has a market cap of $ 2.89 billion, a PE ratio of 17.69 and a beta of 0.64. The company’s 50-day moving average is $ 51.64.
About Central Garden & Pet
Central Garden & Pet Company manufactures and distributes a variety of products for the lawn and garden and pet supply markets in the United States. It provides pet supplies products including edible chews and treats, dog chew toys, dog play toys, dog treats and natural chews, dog food and dog food. pet chews and dental solutions, dog training pads, pet containment devices, grooming supplies and other accessories; specialty bird, small animal and pet products including 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 pets living in aquariums, such as aquariums, furniture and lighting fixtures, pumps, filters, water conditioners, foods and supplements; and products for horses and cattle, as well as outdoor cushions and pillows.
Read more: What is the accumulation / distribution indicator?
For more information on Zacks Investment Research’s research offerings, visit Zacks.com
This instant news alert was powered by storytelling technology and MarketBeat financial data to provide readers with the fastest, most accurate reports. This story was reviewed by the MarketBeat editorial team prior to publication. Please send any questions or comments about this story to [email protected]
Featured article: What are momentum indicators and what do they show?
7 shares of electric vehicles (EV) that have real juice
I’ll start with a warning. You won’t see Tesla (NASDAQ: TSLA) or Nio (NYSE: NIO) on this list. And it’s not because I’m against the grain. I’m just looking at Tesla and Nio as the known quantities in the electric vehicle industry. The purpose of this presentation is to help you identify actions that might go under your radar.
Many shares of electric vehicles went public in 2020 through a Special Purpose Acquisition Company (SPAC). There is good and bad in this story. The good thing is that investors have many options for investing in the electric vehicle industry. Many companies that have entered the market are trying to carve out a specific niche.
The potential bad news is that these stocks are very speculative in nature. While companies like Tesla and Nio have a proven track record (albeit recent), there are things like revenue and orders that investors can analyze. With many of these newly opened companies, investors are being urged to buy more history than stock, which is always risky.
However, in this special presentation, we have identified seven companies that appear to have a compelling enough story for investors to be rewarded in 2021.
Check out the “7 Electric Vehicle (EV) Shares That Have Real Juice.”