Central Garden & Pet (NASDAQ:CENT) updated its FY 2019 earnings guidance on Thursday. The company provided earnings per share guidance of $1.72 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.82. Central Garden & Pet also updated its FY19 guidance to $1.72 or higher EPS.
CENT has been the topic of a number of recent analyst reports. BidaskClub raised Central Garden & Pet from a sell rating to a hold rating in a research note on Wednesday, July 24th. ValuEngine raised Central Garden & Pet from a strong sell rating to a sell rating in a research note on Monday, April 15th. Finally, SunTrust Banks downgraded Central Garden & Pet from a buy rating to a hold rating in a research note on Friday. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus price target of $40.50.
Shares of NASDAQ:CENT traded down $6.67 during midday trading on Friday, reaching $23.43. The company’s stock had a trading volume of 341,381 shares, compared to its average volume of 53,380. The firm has a market capitalization of $1.37 billion, a price-to-earnings ratio of 12.27 and a beta of -0.13. The company has a quick ratio of 2.79, a current ratio of 4.52 and a debt-to-equity ratio of 0.69. The stock has a 50 day moving average of $28.21. Central Garden & Pet has a fifty-two week low of $23.03 and a fifty-two week high of $43.93.
In related news, Director Mary Beth Springer sold 2,325 shares of the business’s stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $27.24, for a total value of $63,333.00. Following the completion of the sale, the director now directly owns 1,260 shares of the company’s stock, valued at approximately $34,322.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO George C. Roeth sold 3,595 shares of the business’s stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $26.53, for a total value of $95,375.35. The disclosure for this sale can be found here. Insiders sold a total of 10,962 shares of company stock valued at $288,224 over the last ninety days. 12.60% of the stock is currently owned by corporate insiders.
About Central Garden & Pet
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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