Second Quarter 2022 EPS estimates for Central Garden & Pet reduced by KeyCorp (NASDAQ: CENTA)

Central Garden & Pet (NASDAQ:CENTA) – KeyCorp cut its second quarter 2022 earnings per share estimate for shares of Central Garden & Pet in a report released Wednesday, February 2. KeyCorp analyst B. Thomas now expects the company to earn $1.25 per share for the quarter, down from his previous estimate of $1.27. KeyCorp also released estimates of Central Garden & Pet’s Q3 2022 earnings at $1.67 EPS, Q4 2022 earnings at $0.05 EPS, FY2022 earnings at $3.14 EPS and earnings for fiscal year 2023 at $3.62 EPS. Central Garden & Pet Inc (NASDAQ:CENTA) last announced its results on Wednesday, February 2. The company reported EPS of $0.16 for the quarter, beating Thomson Reuters consensus estimate of $0.01 by $0.15. Central Garden & Pet had a return on equity of 13.73% and a net margin of 4.59%. In the same quarter a year earlier, the company posted EPS of $0.28.

Several other brokerages have also recently commented on CENTA. JPMorgan Chase & Co. cut its price target on Central Garden & Pet from $54.00 to $51.00 in a Thursday, January 13 report. Zacks Investment Research downgraded Central Garden & Pet from a “buy” rating to a “sell” rating in a report on Tuesday, January 25. One analyst has assigned the stock a sell rating, one has assigned a hold rating and three have assigned the stock a buy rating. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $57.20.

Shares of CENTA opened at $43.58 on Friday. The company has a market capitalization of $2.40 billion, a PE ratio of 15.96 and a beta of 0.64. Central Garden & Pet has a 12 month minimum of $39.30 and a 12 month maximum of $55.82. The stock’s 50-day moving average price is $45.05 and its two-hundred-day moving average price is $44.54. The company has a current ratio of 2.96, a quick ratio of 1.64 and a debt ratio of 0.97.

(A d)

It’s scientific breakthroughs like this that give investors like you the chance to get in early on the companies that will revolutionize the world…

And you might only get once in a lifetime opportunity to invest in something that big…

Hedge funds have recently been buying and selling shares of the company. Amundi Pioneer Asset Management Inc. acquired a new stake in Central Garden & Pet in Q1 valued at approximately $56,000. Macquarie Group Ltd. increased its position in Central Garden & Pet by 138.5% in Q3. Macquarie Group Ltd. now owns 1,457 shares of the company valued at $63,000 after purchasing an additional 846 shares last quarter. William Blair Investment Management LLC bought a new stake in Central Garden & Pet in Q2, valued at around $80,000. Advisor Group Holdings Inc. increased its position in Central Garden & Pet by 49.7% in Q4. Advisor Group Holdings Inc. now owns 1,726 shares of the company valued at $82,000 after buying 573 additional shares in the last quarter. Finally, Crossmark Global Holdings Inc. acquired a new stake in Central Garden & Pet in Q3 valued at approximately $162,000. 66.14% of the shares are held by hedge funds and other institutional investors.

About Central Garden & Pet

Central Garden & Pet Co is an innovator, producer and marketer of branded and private label products for the lawn and garden and pet supplies markets in the United States. It operates through the following segments: Companion Animals and Garden. The Pets segment includes dog and cat supplies such as dog treats and chews, toys, pet beds and grooming products, waste management and training pads , pet containment, aquarium supplies, small animals, reptiles and pet birds, including toys, cages and habitats, bedding, food and supplements, equine and animal products livestock, animal and household health products and disinsection, live fish and small animals as well as outdoor cushions.

See also: Chokes

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

This instant alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]

Should you invest $1,000 in Central Garden & Pet right now?

Before you consider Central Garden & Pet, you’ll want to hear this.

MarketBeat tracks Wall Street’s top-rated, top-performing research analysts daily and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market takes off…and Central Garden & Pet didn’t make the list.

While Central Garden & Pet currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.

See the 5 actions here


Source link

Comments are closed.