Central Garden & Pet (NASDAQ:CENT) Updates FY25 Earnings Guidance

Central Garden & Pet (NASDAQ:CENT) issued an update on its FY25 earnings guidance on Monday morning. The company provided earnings per share guidance of $2.20 or better for the period, compared to the consensus earnings per share estimate of $2.44. Central Garden & Pet also updated its FY 2025 guidance to 2.200- EPS.

Central Garden & Pet Price Performance

CENT stock opened at $38.81 on Tuesday. The company has a market cap of $2.62 billion, a price-to-earnings ratio of 17.90 and a beta of 0.75. The company has a current ratio of 3.66, a quick ratio of 2.16 and a debt-to-equity ratio of 0.75. The firm has a 50 day moving average of $35.79 and a 200-day moving average of $38.64. Central Garden & Pet has a 12-month low of $31.31 and a 12-month high of $47.48.

Wall Street Analyst Weigh In

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

Insider Activity at Central Garden & Pet

In related news, Chairman William E. Brown sold 60,000 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the chairman now directly owns 1,125,773 shares in the company, 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. Insiders own 9.53% of the company’s stock.

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.