20 June, 2017
Three analysts have provided estimates for Central Garden & Pet Company's earnings.
Investors may be trying to decide if stocks will make new highs before the year is out, and whether or not the bull market will celebrate its 9th anniversary next year. Based on a recent trade, the shares are hovering around $32.14 which, according to analysts, yield significant upside potential to the $45.00 consensus target price. Central Garden & Pet Company had 5 analyst reports since December 8, 2015 according to SRatingsIntel.
On Monday, May 22nd, John Ranelli sold 22,563 shares of Central Garden & Pet Company stock. Central Garden & Pet Co (NASDAQ:CENTA) has risen 73.49% since June 19, 2016 and is uptrending. As of the last earnings report the EPS was $1.21 and is projected to be $1.41 for the current year with 51,623,000 shares now outstanding. Out of 5 Wall Street analysts rating Central Garden & Pet Company, 3 give it "Buy", 0 "Sell" rating, while 2 recommend "Hold". The company had revenue of $570 million for the quarter, compared to the consensus estimate of $572.37 million. After having $0.67 EPS previously, Central Garden & Pet Co's analysts see -23.88 % EPS growth. The company's revenue for the quarter was up 5.4% compared to the same quarter past year. BidaskClub raised shares of Central Garden & Pet Company from a "sell" rating to a "hold" rating in a research note on Saturday, June 10th. Central Garden & Pet Company earned a media sentiment score of 0.18 on Alpha One's scale. They issued a "buy" rating and a $44.00 target price on the stock.
Central Garden & Pet Company (NASDAQ:CENT) Director John Ranelli sold 15,000 shares of the firm's stock in a transaction that occurred on Friday, May 12th. The stock was sold at an average price of $35.09, for a total transaction of $526,350.00. Tower Research Capital LLC (trc) trimmed its investment by shedding 1,055 shares a decrease of 91.3% from 12/31/2016 to 03/31/2017. FMR LLC increased its stake in shares of Central Garden & Pet Company by 66.6% in the fourth quarter. The total value of its holdings decreased 21.2%. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. The stock declined 0.96% or $0.28 reaching $28.99 on the news. Corporate insiders own 11.60% of the company's stock. PNC Financial Services Group Inc. increased its position in shares of Central Garden & Pet Company by 65.7% in the first quarter. It also reduced First Horizon National Corp (NYSE:FHN) stake by 431,803 shares and now owns 4.97M shares. Comerica Bank now owns 10,775 shares of the company's stock valued at $346,000 after buying an additional 589 shares during the period. Hennessy Advisors Inc. purchased a new stake in shares of Central Garden & Pet Company during the first quarter valued at $4,363,000. FMR LLC now owns 501,105 shares of the company's stock valued at $16,582,000 after buying an additional 200,400 shares in the last quarter. KBC Group NV raised its stake in shares of Central Garden & Pet Company by 2.4% in the first quarter. The institutional investor owned 69,954 shares of the company's stock after selling 3,400 shares during the period.
COPYRIGHT VIOLATION WARNING: "Zacks: Brokerages Anticipate Central Garden & Pet Company (CENT) Will Post Earnings of $0.50 Per Share" was posted by Sports Perspectives and is owned by of Sports Perspectives. If you are accessing this news story on another publication, it was illegally copied and reposted in violation of U.S. and global trademark and copyright law. The rating was upgraded by Goldman Sachs on Monday, June 27 to "Buy". The Company's year to date (YTD) performance is now positive at 0.71%. Regardless, closing prices are a useful tool that investors use to quantify changes in stock prices over time. The stock has a 50 day moving average of $32.58 and a 200 day moving average of $34.00.
Central Garden & Pet Company's P/E ratio is 25.763 and the market value is 1.61B.
Over the past 50 days, Central Garden & Pet Company stock's -20.51% off of the high and 4.09% removed from the low.
Central Garden & Pet Company is a marketer and producer of branded products and distributor of third party products in the pet and lawn and garden supplies industries in the United States. The Firm operates in two divisions: Pet segment and the Garden segment. The Firm processes and distributes fluid milk, and other dairy and dairy case products in the United States.
