We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Central Garden & Pet Co. (CENT) Prospects Look Promising
Read MoreHide Full Article
Central Garden & Pet Company (CENT - Free Report) seems to hold promise, riding on the back of its surging share price, sound fundamentals and track record of better-than-expected results. Also, this Zacks Rank #1 (Strong Buy) stock appears to be a sound investment opportunity, with a long-term earnings growth rate of 10% and a VGM Score of “A”. Moreover, the stock has jumped roughly 40% in the past three months and is currently hovering close to its 52-week high of $27.89. Let’s delve deeper to find out what’s leading to the bullish run.
We note that organic growth, value accretive acquisitions such as that of the pet bedding business and the divestment of non-strategic assets have helped Central Garden & Pet Company to enhance its portfolio and drive its performance. Additionally, the company intends to gain market share in the home centers, mass market, grocery, specialty pet store and other independent channels.
Being the leading producer of garden and pet supplies products in the U.S. with a diversified portfolio of brands has helped the company develop healthy commercial relationships with retails giants such as Wal-Mart Stores Inc. (WMT - Free Report) , The Home Depot, Inc. (HD - Free Report) and Lowe's Companies, Inc. (LOW - Free Report) .
The company is revamping both the Pet and Garden segments. It also intends to adopt a balanced approach that encompasses an improvement in revenues and profits through operational efficiency. The third quarter of fiscal 2016 marked the eighth consecutive quarter of a positive earnings surprise for the company.
Central Garden & Pet Company’s adjusted earnings of 48 cents a share in the last reported quarter beat the Zacks Consensus Estimate of 43 cents and surged 26.3% year over year. Management now envisions fiscal 2016 adjusted earnings to be $1.18 per share or higher, which reflects an increase of over 59% from the prior year. Net sales improved 12% to $514.5 million and surpassed the Zacks Consensus Estimate of $490.9 million, marking the fifth consecutive quarter of a revenue beat.
The above analysis clearly indicates that Central Garden & Pet Company deserves a place in your portfolio.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
See More Zacks Research for These Tickers
Pick one free report - opportunity may be withdrawn at any time
Image: Bigstock
Central Garden & Pet Co. (CENT) Prospects Look Promising
Central Garden & Pet Company (CENT - Free Report) seems to hold promise, riding on the back of its surging share price, sound fundamentals and track record of better-than-expected results. Also, this Zacks Rank #1 (Strong Buy) stock appears to be a sound investment opportunity, with a long-term earnings growth rate of 10% and a VGM Score of “A”. Moreover, the stock has jumped roughly 40% in the past three months and is currently hovering close to its 52-week high of $27.89. Let’s delve deeper to find out what’s leading to the bullish run.
We note that organic growth, value accretive acquisitions such as that of the pet bedding business and the divestment of non-strategic assets have helped Central Garden & Pet Company to enhance its portfolio and drive its performance. Additionally, the company intends to gain market share in the home centers, mass market, grocery, specialty pet store and other independent channels.
Being the leading producer of garden and pet supplies products in the U.S. with a diversified portfolio of brands has helped the company develop healthy commercial relationships with retails giants such as Wal-Mart Stores Inc. (WMT - Free Report) , The Home Depot, Inc. (HD - Free Report) and Lowe's Companies, Inc. (LOW - Free Report) .
CENTRAL GARDEN Price, Consensus and EPS Surprise
CENTRAL GARDEN Price, Consensus and EPS Surprise | CENTRAL GARDEN Quote
The company is revamping both the Pet and Garden segments. It also intends to adopt a balanced approach that encompasses an improvement in revenues and profits through operational efficiency. The third quarter of fiscal 2016 marked the eighth consecutive quarter of a positive earnings surprise for the company.
Central Garden & Pet Company’s adjusted earnings of 48 cents a share in the last reported quarter beat the Zacks Consensus Estimate of 43 cents and surged 26.3% year over year. Management now envisions fiscal 2016 adjusted earnings to be $1.18 per share or higher, which reflects an increase of over 59% from the prior year. Net sales improved 12% to $514.5 million and surpassed the Zacks Consensus Estimate of $490.9 million, marking the fifth consecutive quarter of a revenue beat.
The above analysis clearly indicates that Central Garden & Pet Company deserves a place in your portfolio.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>