Central Garden & Pet (NASDAQ:CENTA) Releases FY 2022 Earnings Guidance – MarketBeat
Central Garden & Pet (NASDAQ:CENTA – Get Rating) updated its FY 2022 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $2.75- for the period, compared to the consensus estimate of $3.11. The company issued revenue guidance of -.
A number of analysts have recently commented on the company. JPMorgan Chase & Co. boosted their price objective on Central Garden & Pet from $47.00 to $49.00 in a research report on Thursday, April 14th. StockNews.com assumed coverage on Central Garden & Pet in a research report on Thursday, March 31st. They issued a hold rating for the company. Finally, KeyCorp cut their price objective on Central Garden & Pet from $62.00 to $56.00 and set an overweight rating for the company in a research report on Thursday, June 23rd.
Shares of CENTA opened at $40.76 on Wednesday. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.29 and a current ratio of 2.85. Central Garden & Pet has a one year low of $37.56 and a one year high of $52.04. The stock has a market capitalization of $2.25 billion, a price-to-earnings ratio of 14.88 and a beta of 0.57. The stock has a 50 day moving average price of $40.87 and a 200 day moving average price of $42.40.
Central Garden & Pet (NASDAQ:CENTA – Get Rating) last issued its quarterly earnings results on Wednesday, May 4th. The company reported $1.27 EPS for the quarter, topping the consensus estimate of $1.18 by $0.09. The firm had revenue of $954.37 million during the quarter, compared to analysts’ expectations of $935.14 million. Central Garden & Pet had a return on equity of 12.18% and a net margin of 4.48%. On average, analysts predict that Central Garden & Pet will post 2.77 earnings per share for the current year.
In other Central Garden & Pet news, CFO Nicholas Lahanas sold 7,306 shares of the business’s stock in a transaction on Friday, May 13th. The stock was sold at an average price of $41.78, for a total transaction of $305,244.68. Following the transaction, the chief financial officer now owns 113,520 shares of the company’s stock, valued at $4,742,865.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 20.28% of the company’s stock.
Institutional investors have recently made changes to their positions in the company. Captrust Financial Advisors lifted its stake in shares of Central Garden & Pet by 19.0% in the 1st quarter. Captrust Financial Advisors now owns 4,545 shares of the company’s stock valued at $185,000 after purchasing an additional 725 shares during the last quarter. Natixis Advisors L.P. acquired a new position in Central Garden & Pet during the 1st quarter worth about $455,000. PNC Financial Services Group Inc. lifted its stake in Central Garden & Pet by 44.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 12,340 shares of the company’s stock worth $503,000 after acquiring an additional 3,801 shares in the last quarter. Mirabella Financial Services LLP acquired a new position in Central Garden & Pet during the 1st quarter worth about $540,000. Finally, Hsbc Holdings PLC lifted its stake in Central Garden & Pet by 42.8% during the 1st quarter. Hsbc Holdings PLC now owns 14,802 shares of the company’s stock worth $607,000 after acquiring an additional 4,434 shares in the last quarter. 68.74% of the stock is currently owned by institutional investors and hedge funds.
Central Garden & Pet Company Profile (Get Rating)
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 grooming products, waste management and training pads, and pet containment; supplies for aquatics, small animals, reptiles, and pet birds, including toys, cages and habitats, bedding, and food and supplements; animal and household health and insect control products; live fish and products for fish, reptiles, and other aquarium-based pets, such as aquariums, furniture and lighting fixtures, pumps, filters, water conditioners, food, and supplements; and products for horses and livestock, as well as outdoor cushions and pillows.
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