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

Central Garden & Pet (NASDAQ:CENT) updated its FY 2025 earnings guidance on Monday. 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 recently issued reports on CENT. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $48.00 price objective on shares of Central Garden & Pet in a research report on Monday, September 30th. Truist Financial lowered their price objective on shares of Central Garden & Pet from $50.00 to $40.00 and set a “buy” rating on the stock in a research note on Wednesday, October 16th. Three investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $47.50.

Central Garden & Pet Stock Up 0.3 %

Shares of CENT stock opened at $38.81 on Tuesday. The company’s fifty day moving average price is $35.79 and its 200-day moving average price is $38.64. Central Garden & Pet has a one year low of $31.31 and a one 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 company has a debt-to-equity ratio of 0.75, a current ratio of 3.66 and a quick ratio of 2.16.

Insider Transactions at Central Garden & Pet

In other news, Chairman William E. Brown sold 60,000 shares of the business’s stock in a transaction dated 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 sale, the chairman now directly owns 1,125,773 shares in the company, valued at $37,758,426.42. The trade was a 5.06 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 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.