Central Garden & Pet (CENT) Scheduled to Post Earnings on Wednesday

Central Garden & Pet (NASDAQ:CENTGet Free Report) will be releasing its earnings data after the market closes on Wednesday, February 7th. Analysts expect Central Garden & Pet to post 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:CENTGet Free Report) last posted its quarterly earnings data on Monday, November 20th. The company reported $0.08 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.02. Central Garden & Pet had a return on equity of 9.93% and a net margin of 3.80%. The business had revenue of $750.15 million for the quarter, compared to analysts’ expectations of $731.81 million. During the same quarter in the previous year, the firm earned ($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 Down 1.5 %

CENT stock opened at $47.95 on Wednesday. Central Garden & Pet has a 1-year low of $35.60 and a 1-year high of $51.71. The company has a current ratio of 3.73, a quick ratio of 1.90 and a debt-to-equity ratio of 0.82. The stock’s fifty day simple moving average is $40.80 and its two-hundred day simple moving average is $37.03. The stock has a market cap of $2.58 billion, a P/E ratio of 20.40 and a beta of 0.69.

Central Garden & Pet’s stock is going to split on the morning of Friday, February 9th. The 5-4 split was announced on Friday, February 9th. The newly minted shares will be payable to shareholders after the closing bell on Friday, February 9th.

Insider Activity at Central Garden & Pet

In related news, Director John Ranelli sold 3,500 shares of the firm’s stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $28.98, for a total transaction of $101,416.00. Following the transaction, the director now directly owns 182 shares of the company’s stock, valued at approximately $5,273.63. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, insider John Edward Hanson sold 7,500 shares of Central Garden & Pet stock in a transaction that occurred on Tuesday, December 5th. The stock was sold at an average price of $31.38, for a total value of $235,380.00. Following the sale, the insider now directly owns 43,135 shares in the company, valued at approximately $1,353,748.84. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director John Ranelli sold 3,500 shares of Central Garden & Pet stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $28.98, for a total value of $101,416.00. Following the completion of the sale, the director now owns 182 shares in the company, valued at $5,273.63. The disclosure for this sale can be found here. 9.53% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Central Garden & Pet

Large investors have recently made changes to their positions in the business. BlackRock Inc. boosted its position in shares of Central Garden & Pet by 0.3% during the first quarter. BlackRock Inc. now owns 1,675,765 shares of the company’s stock valued at $73,665,000 after purchasing an additional 4,913 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Central Garden & Pet by 4.0% during the first quarter. Vanguard Group Inc. now owns 1,416,522 shares of the company’s stock valued at $62,270,000 after purchasing an additional 54,065 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Central Garden & Pet by 2.4% during the first quarter. Dimensional Fund Advisors LP now owns 781,127 shares of the company’s stock valued at $32,073,000 after purchasing an additional 18,667 shares in the last quarter. Morgan Stanley boosted its position in shares of Central Garden & Pet by 520.1% during the fourth quarter. Morgan Stanley now owns 691,314 shares of the company’s stock valued at $25,890,000 after purchasing an additional 579,838 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in Central Garden & Pet by 4.9% in the fourth quarter. Geode Capital Management LLC now owns 495,853 shares of the company’s stock worth $18,569,000 after acquiring an additional 23,343 shares in the last quarter. 17.74% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, TheStreet downgraded Central Garden & Pet from a “b” rating to a “c+” rating in a research note on Tuesday, November 21st.

Check Out Our Latest Analysis on CENT

About Central Garden & Pet

(Get Free Report)

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.

Further Reading

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

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