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

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

Analyst Ratings Changes

Several brokerages have weighed in on CENT. Canaccord Genuity Group reissued a “buy” rating and set a $48.00 price objective on shares of Central Garden & Pet in a report on Monday, September 30th. Truist Financial cut their price target on Central Garden & Pet from $50.00 to $40.00 and set a “buy” rating for the company in a research note on Wednesday, October 16th. Three research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $47.50.

Central Garden & Pet Stock Performance

Shares of NASDAQ CENT traded up $0.11 during mid-day trading on Monday, hitting $38.81. The company had a trading volume of 179,152 shares, compared to its average volume of 114,614. The company has a current ratio of 3.66, a quick ratio of 2.16 and a debt-to-equity ratio of 0.75. Central Garden & Pet has a 1 year low of $31.31 and a 1 year high of $47.48. The company has a market capitalization of $2.62 billion, a price-to-earnings ratio of 17.90 and a beta of 0.75. The stock’s 50-day moving average price is $35.78 and its 200-day moving average price is $38.69.

Insider Buying and Selling at Central Garden & Pet

In other Central Garden & Pet news, Chairman William E. Brown sold 60,000 shares of the firm’s 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 completion of the transaction, the chairman now directly owns 1,125,773 shares of the company’s stock, valued at $37,758,426.42. This trade represents a 5.06 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 9.53% of the company’s stock.

About Central Garden & Pet

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.