Central Garden & Pet (NASDAQ:CENT) Issues FY 2025 Earnings Guidance

Central Garden & Pet (NASDAQ:CENT) issued an update on its FY 2025 earnings guidance on Monday morning. The company provided EPS guidance of 2.200- for the period, compared to the consensus EPS estimate of 2.440. The company issued revenue guidance of -. Central Garden & Pet also updated its FY25 guidance to $2.20 or better EPS.

Analyst Upgrades and Downgrades

Several research firms have issued reports on CENT. Truist Financial lowered their price objective on shares of Central Garden & Pet from $50.00 to $40.00 and set a “buy” rating for the company in a research report on Wednesday, October 16th. Canaccord Genuity Group restated a “buy” rating and set a $48.00 price objective on shares of Central Garden & Pet in a report on Monday, September 30th. Three analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $47.50.

Central Garden & Pet Stock Performance

Shares of NASDAQ:CENT opened at $38.81 on Tuesday. The firm has a 50 day moving average of $35.79 and a 200 day moving average of $38.64. The company has a quick ratio of 2.16, a current ratio of 3.66 and a debt-to-equity ratio of 0.75. The company has a market capitalization of $2.62 billion, a price-to-earnings ratio of 17.90 and a beta of 0.75. Central Garden & Pet has a 52 week low of $31.31 and a 52 week high of $47.48.

Insider Buying and Selling

In other Central Garden & Pet news, Chairman William E. Brown sold 60,000 shares of Central Garden & Pet stock in a transaction on Friday, August 30th. The shares were sold at an average price of $33.54, for a total value of $2,012,400.00. Following the transaction, the chairman now directly owns 1,125,773 shares of the company’s stock, valued at approximately $37,758,426.42. The trade was a 5.06 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 9.53% of the stock is currently owned by company insiders.

Central Garden & Pet Company Profile

Central Garden & Pet Company produces and distributes various 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 provides dog and cat supplies, such as dog treats and chews, toys, pet beds and containment, grooming products, waste management, and training pads; supplies for aquatics, small animals, reptiles, and pet birds, including toys, cages and habitats, bedding, and food and supplements; products for equine and livestock; animal and household health and insect control products; aquariums and terrariums, including fixtures and stands, water conditioners and supplements, water pumps and filters, and lighting systems and accessories; and live fish and small animals, as well as outdoor cushions.