Central Garden & Pet (NASDAQ:CENTA) updated its FY 2019 earnings guidance on Wednesday. The company provided earnings per share guidance of $1.80 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.03.
A number of research analysts have recently issued reports on CENTA shares. Zacks Investment Research raised Central Garden & Pet from a sell rating to a hold rating in a research note on Wednesday, January 23rd. BMO Capital Markets reduced their price objective on Central Garden & Pet to $42.00 and set an outperform rating on the stock in a research note on Wednesday, November 28th. Finally, KeyCorp started coverage on Central Garden & Pet in a research note on Thursday, October 11th. They set an overweight rating and a $39.00 price objective on the stock. One analyst has rated the stock with a sell rating and four have given a buy rating to the company. Central Garden & Pet has a consensus rating of Buy and a consensus target price of $41.25.
Get Central Garden & Pet alerts:Shares of NASDAQ:CENTA traded up $0.11 on Wednesday, reaching $35.85. 294,083 shares of the company traded hands, compared to its average volume of 281,596. Central Garden & Pet has a 52 week low of $27.14 and a 52 week high of $41.97. The stock has a market capitalization of $1.88 billion, a P/E ratio of 18.77, a price-to-earnings-growth ratio of 3.25 and a beta of 0.33. The company has a current ratio of 5.72, a quick ratio of 3.71 and a debt-to-equity ratio of 0.73.
Central Garden & Pet (NASDAQ:CENTA) last announced its quarterly earnings data on Tuesday, November 27th. The company reported $0.10 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.08 by $0.02. The firm had revenue of $502.31 million for the quarter, compared to analysts’ expectations of $499.89 million. Central Garden & Pet had a return on equity of 13.33% and a net margin of 5.58%. During the same period last year, the firm earned $0.08 earnings per share. As a group, research analysts predict that Central Garden & Pet will post 1.82 EPS for the current year.
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Central Garden & Pet Company Profile
Central Garden & Pet Company, together with its subsidiaries, produces and distributes 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 supplies products for dogs and cats, including edible bones, edible and non-edible chews, dog and cat food and treats, toys, pet carriers, grooming supplies, and other accessories; and products for birds, small animals, and specialty pets, such as food, cages and habitats, toys, chews, and related accessories.
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