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Central Garden & Pet (NASDAQ:CENT – Get Rating) updated its earnings guidance for fiscal 2022 on Wednesday. The company provided earnings guidance of $2.75 per share for the period, compared to the consensus estimate of earnings per share of $3.11. The company released a revenue forecast of -.
Separately, Truist Financial lowered its price target on Central Garden & Pet shares from $65.00 to $60.00 in a Tuesday, March 22 report.
NASDAQ:CENT opened at $43.31 on Wednesday. The company has a fifty-day moving average of $43.52 and a 200-day moving average of $45.57. The company has a market capitalization of $2.39 billion, a P/E ratio of 15.81 and a beta of 0.56. The company has a quick ratio of 1.29, a current ratio of 2.85 and a leverage ratio of 0.92. Central Garden & Pet has a 12-month low of $40.03 and a 12-month high of $57.32.
Central Garden & Pet (NASDAQ:CENT – Get Rating) last released quarterly earnings data on Wednesday, May 4. The company reported earnings per share of $1.27 for the quarter, beating the consensus estimate of $1.18 by $0.09. The company posted revenue of $954.37 million in the quarter, versus analyst estimates of $935.14 million. Central Garden & Pet had a net margin of 4.48% and a return on equity of 12.18%. On average, analysts expect Central Garden & Pet to post an EPS of 2.77 for the current fiscal year.
Separately, CFO Nicholas Lahanas sold 7,306 shares of Central Garden & Pet in a trade on Friday, May 13. The shares were sold at an average price of $41.78, for a total value of $305,244.68. Following the completion of the sale, the CFO now owns 113,520 shares of the company, valued at approximately $4,742,865.60. The transaction was disclosed in a legal filing with the SEC, accessible via the SEC’s website. Insiders hold 8.80% of the shares of the company.
Hedge funds and other institutional investors have recently increased or reduced their stakes in the company. Captrust Financial Advisors increased its stake in Central Garden & Pet by 41.4% in Q1. Captrust Financial Advisors now owns 959 shares of the company valued at $42,000 after acquiring an additional 281 shares during the period. MetLife Investment Management LLC increased its position in shares of Central Garden & Pet by 6.4% during the first quarter. MetLife Investment Management LLC now owns 4,731 shares of the company valued at $208,000 after purchasing an additional 285 shares during the period. Advisor Group Holdings Inc. increased its position in shares of Central Garden & Pet by 43.5% during the first quarter. Advisor Group Holdings Inc. now owns 2,176 shares of the company valued at $96,000 after purchasing an additional 660 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of Central Garden & Pet by 18.8% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 6,548 shares of the company valued at $288,000 after purchasing an additional 1,037 shares during the period. Finally, Citigroup Inc. increased its position in shares of Central Garden & Pet by 9.0% during the first quarter. Citigroup Inc. now owns 14,464 shares of the company valued at $636,000 after purchasing an additional 1,189 shares during the period. Institutional investors hold 18.59% of the company’s shares.
About Central Garden & Pet (Get an assessment)
Central Garden & Pet Company produces and distributes various products for the lawn and garden and pet supply markets in the United States. It operates through two segments, Pet and Garden. The Pets segment provides dog and cat supplies, such as dog treats and chews, toys, pet beds and grooming products, waste management and training mats, and pet containment devices; supplies for aquatic animals, small animals, reptiles and pet birds, including toys, cages and habitats, bedding, food and supplements; animal and household health and insect control products; live fish and products for fish, reptiles and other aquarium pets, such as aquariums, furniture and fixtures, pumps, filters, water conditioners, foods and supplements; and products for horses and livestock, as well as outdoor cushions and pillows.
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