Central Garden & Pet (CENTA) Projected to Post Quarterly Earnings on Wednesday

Key Points

• Central Garden & Pet is set to announce earnings on August 6th, with analysts predicting earnings of $1.17 per share and revenue of $993.66 million.
• The company's last earnings report showed $1.04 EPS, surpassing estimates, but revenue was below expectations at $833.54 million.
• Recent insider trading saw the chairman, William E. Brown, sell 7,800 shares of stock, reducing his ownership by 2.03%.

Central Garden & Pet (NASDAQ:CENTA - Get Free Report) is expected to be releasing its earnings data after the market closes on Wednesday, August 6th. Analysts expect Central Garden & Pet to post earnings of $1.17 per share and revenue of $993.66 million for the quarter. Central Garden & Pet has set its FY 2025 guidance at 2.200- EPS.

Central Garden & Pet (NASDAQ:CENTA - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $1.04 earnings per share for the quarter, beating analysts' consensus estimates of $0.94 by $0.10. Central Garden & Pet had a net margin of 3.90% and a return on equity of 10.14%. The business had revenue of $833.54 million during the quarter, compared to analysts' expectations of $876.36 million. On average, analysts expect Central Garden & Pet to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Central Garden & Pet Trading Down 0.8%

Shares of CENTA traded down $0.28 during trading on Friday, reaching $35.24. 272,968 shares of the company traded hands, compared to its average volume of 388,928. Central Garden & Pet has a twelve month low of $27.70 and a twelve month high of $37.35. The stock has a market cap of $2.31 billion, a PE ratio of 18.84 and a beta of 0.67. The stock has a 50-day simple moving average of $32.95 and a 200-day simple moving average of $32.06. The company has a quick ratio of 1.93, a current ratio of 3.31 and a debt-to-equity ratio of 0.77.

Wall Street Analyst Weigh In

CENTA has been the subject of a number of recent research reports. Truist Financial reiterated a "hold" rating and issued a $35.00 price target (down previously from $40.00) on shares of Central Garden & Pet in a research note on Wednesday, April 30th. JPMorgan Chase & Co. decreased their price target on shares of Central Garden & Pet from $34.00 to $31.00 and set a "neutral" rating for the company in a research note on Friday, April 11th. Finally, Wall Street Zen upgraded shares of Central Garden & Pet from a "hold" rating to a "buy" rating in a research report on Tuesday, May 20th.

Insider Transactions at Central Garden & Pet

In other news, Chairman William E. Brown sold 7,800 shares of the firm's stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $32.04, for a total transaction of $249,912.00. Following the transaction, the chairman directly owned 377,383 shares of the company's stock, valued at approximately $12,091,351.32. This trade represents a 2.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold 107,800 shares of company stock valued at $3,490,112 in the last quarter. Company insiders own 20.28% of the company's stock.

Institutional Investors Weigh In On Central Garden & Pet

A number of institutional investors have recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Central Garden & Pet by 2.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,421 shares of the company's stock worth $996,000 after buying an additional 743 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Central Garden & Pet by 1.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 113,003 shares of the company's stock worth $3,699,000 after acquiring an additional 1,836 shares in the last quarter. Royal Bank of Canada boosted its position in shares of Central Garden & Pet by 15.9% during the first quarter. Royal Bank of Canada now owns 18,471 shares of the company's stock worth $605,000 after buying an additional 2,532 shares during the period. Intech Investment Management LLC boosted its position in shares of Central Garden & Pet by 14.3% during the first quarter. Intech Investment Management LLC now owns 50,547 shares of the company's stock worth $1,654,000 after buying an additional 6,326 shares during the period. Finally, Goldman Sachs Group Inc. boosted its position in shares of Central Garden & Pet by 5.1% during the first quarter. Goldman Sachs Group Inc. now owns 263,518 shares of the company's stock worth $8,625,000 after buying an additional 12,749 shares during the period. 50.82% of the stock is currently owned by institutional investors and hedge funds.

About Central Garden & Pet

Central Garden & Pet Co engages in the production and distribution of branded and private label products for the lawn, garden, and pet supplies markets. It operates through the Pet and Garden segments. The Pet segment focuses on 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, food and supplements, products for equine and livestock, animal and household health and insect control products, live fish, and small animals, as well as outdoor cushions.