Zacks Research Analysts Lower Earnings Projections for Central Garden & Pet (NASDAQ:CENTA)
Zacks Research Lowers Q3 2024 Earnings Estimates for Central Garden & Pet (NASDAQ:CENTA)
Central Garden & Pet (NASDAQ:CENTA) has recently seen a decrease in Q3 2024 earnings per share estimates, according to Zacks Research. Analysts now predict that the company will post earnings per share of $1.25 for the quarter, down from their previous estimate of $1.63. The consensus estimate for Central Garden & Pet’s full-year earnings is $2.40 per share.
Despite this decrease in earnings estimates, several equities analysts have maintained positive outlooks on the company. Monness Crespi & Hardt, JPMorgan Chase & Co., StockNews.com, and Truist Financial have all raised their price targets and ratings for Central Garden & Pet in recent reports.
In terms of stock performance, CENTA stock opened at $39.09 on Friday, with a market capitalization of $2.63 billion. The company has a PE ratio of 17.56 and a beta of 0.70. Central Garden & Pet’s 1-year low is $27.02 and its 1-year high is $41.03.
Hedge funds and institutional investors have also shown interest in Central Garden & Pet, with several increasing their holdings in the company in recent quarters. Public Employees Retirement System of Ohio, PNC Financial Services Group Inc., and GAMMA Investing LLC are among the investors who have added to their positions.
Insider activity at Central Garden & Pet has also been notable, with insider John D. Walker III recently selling shares of the stock. The company’s chief accounting officer, Howard Machek, also sold shares in a separate transaction.
Central Garden & Pet Company produces and distributes various products for the lawn and garden, and pet supplies markets in the United States. The company operates through two segments: Pet and Garden, offering a wide range of products for pets, aquatics, small animals, and more.
Overall, despite the decrease in earnings estimates, Central Garden & Pet continues to attract positive attention from analysts, investors, and insiders. Stay tuned for further updates on the company’s performance and outlook.
