Central Garden & Pet (NASDAQ:CENTA) updated its FY 2022 earnings guidance on Monday. The company provided earnings per share guidance of $3.100-$ for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.060.
Separately, Zacks Investment Research raised Central Garden & Pet from a hold rating to a buy rating and set a $49.00 price objective on the stock in a research note on Tuesday, October 12th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of Buy and an average price target of $58.83.
CENTA opened at $45.63 on Monday. The business has a fifty day moving average of $45.90 and a 200 day moving average of $46.05. Central Garden & Pet has a 52-week low of $34.21 and a 52-week high of $55.82. The company has a quick ratio of 2.07, a current ratio of 2.96 and a debt-to-equity ratio of 0.97. The stock has a market cap of $2.54 billion, a P/E ratio of 16.71 and a beta of 0.61.
Central Garden & Pet (NASDAQ:CENTA) last posted its quarterly earnings data on Sunday, November 21st. The company reported ($0.06) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.24) by $0.18. The company had revenue of $739.13 million during the quarter, compared to analysts’ expectations of $729.16 million. Central Garden & Pet had a return on equity of 13.73% and a net margin of 4.59%. During the same quarter in the previous year, the business earned $0.25 EPS. Equities analysts anticipate that Central Garden & Pet will post 3.11 EPS for the current fiscal year.
A hedge fund recently raised its stake in Central Garden & Pet stock. UBS Group AG lifted its stake in Central Garden & Pet (NASDAQ:CENTA) by 616.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 34,032 shares of the company’s stock after acquiring an additional 29,280 shares during the period. UBS Group AG owned 0.06% of Central Garden & Pet worth $1,464,000 at the end of the most recent quarter. 64.59% of the stock is currently owned by institutional investors.
About Central Garden & Pet
Central Garden & Pet Co is an innovator, producer and distributor of branded and private label products for the lawn & garden and pet supplies markets in the United States. Founded initially as a distribution company, it grew its business through a succession of over 50 acquisitions and created a broad portfolio which allows for economies of scale and market advantages.