Central Garden & Pet (NASDAQ:CENT) Announces Earnings Results

Central Garden & Pet (NASDAQ:CENT) posted its quarterly earnings data on Monday. The company reported ($0.06) EPS for the quarter, topping analysts’ consensus estimates of ($0.24) by $0.18, Fidelity Earnings reports. Central Garden & Pet had a return on equity of 15.62% and a net margin of 5.19%. During the same period last year, the company earned $0.25 EPS. Central Garden & Pet updated its FY 2022 guidance to $3.100-$ EPS.

Central Garden & Pet stock opened at $51.61 on Wednesday. The company has a debt-to-equity ratio of 0.95, a quick ratio of 2.07 and a current ratio of 3.29. The firm has a market cap of $2.88 billion, a P/E ratio of 16.98 and a beta of 0.55. The business’s fifty day moving average is $50.66 and its two-hundred day moving average is $51.12. Central Garden & Pet has a 52 week low of $36.53 and a 52 week high of $62.91.

In other Central Garden & Pet news, insider John D. Walker III sold 4,500 shares of the business’s stock in a transaction on Friday, August 27th. The stock was sold at an average price of $42.30, for a total value of $190,350.00. Following the transaction, the insider now owns 97,272 shares of the company’s stock, valued at $4,114,605.60. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 10.75% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently modified their holdings of the company. BNP Paribas Arbitrage SA lifted its stake in shares of Central Garden & Pet by 145.2% during the third quarter. BNP Paribas Arbitrage SA now owns 10,505 shares of the company’s stock valued at $504,000 after acquiring an additional 6,221 shares during the period. Royal Bank of Canada lifted its stake in shares of Central Garden & Pet by 2.7% during the third quarter. Royal Bank of Canada now owns 15,760 shares of the company’s stock valued at $757,000 after acquiring an additional 421 shares during the period. Morgan Stanley lifted its stake in shares of Central Garden & Pet by 34.5% during the second quarter. Morgan Stanley now owns 35,970 shares of the company’s stock valued at $1,903,000 after acquiring an additional 9,219 shares during the period. Finally, Bank of New York Mellon Corp lifted its stake in shares of Central Garden & Pet by 7.0% during the third quarter. Bank of New York Mellon Corp now owns 107,412 shares of the company’s stock valued at $5,156,000 after acquiring an additional 7,065 shares during the period. 18.23% of the stock is currently owned by institutional investors and hedge funds.

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.

Further Reading: What is diluted earnings per share (Diluted EPS)?

Earnings History for Central Garden & Pet (NASDAQ:CENT)

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