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

Key Points

• Central Garden & Pet will report quarterly results after the close on Wednesday, May 6; analysts forecast EPS of $1.07 and revenue of about $844.6 million, and the company has set FY2026 guidance around $2.70 EPS.
• In the prior quarter the company beat EPS estimates ($0.21 vs. $0.11) but missed on revenue ($617.4M vs. $636.6M), and analysts are modeling roughly $3.00 EPS for both the current and next fiscal year.
• The stock trades with a market cap of about $2.11 billion and a P/E of 13.85, carries a consensus "Hold" rating with a $41.75 average price target, and has seen recent insider sales while institutions own roughly 50.8% of the shares.

Central Garden & Pet (NASDAQ:CENTA - Get Free Report) is anticipated to announce its results after the market closes on Wednesday, May 6th. Analysts expect the company to announce earnings of $1.07 per share and revenue of $844.5520 million for the quarter. Central Garden & Pet has set its FY 2026 guidance at 2.700- EPS.

Central Garden & Pet (NASDAQ:CENTA - Get Free Report) last released its earnings results on Wednesday, February 4th. The company reported $0.21 earnings per share for the quarter, beating analysts' consensus estimates of $0.11 by $0.10. The business had revenue of $617.37 million during the quarter, compared to the consensus estimate of $636.62 million. Central Garden & Pet had a net margin of 5.04% and a return on equity of 10.99%. On average, analysts expect Central Garden & Pet to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Central Garden & Pet Stock Performance

Shares of CENTA stock opened at $33.94 on Wednesday. The stock has a market cap of $2.11 billion, a P/E ratio of 13.85 and a beta of 0.58. The company has a debt-to-equity ratio of 0.76, a current ratio of 3.42 and a quick ratio of 1.97. The company has a fifty day moving average price of $33.22 and a two-hundred day moving average price of $30.93. Central Garden & Pet has a one year low of $25.97 and a one year high of $37.35.

Wall Street Analyst Weigh In

A number of brokerages have commented on CENTA. Weiss Ratings upgraded shares of Central Garden & Pet from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Tuesday, February 3rd. Wall Street Zen cut shares of Central Garden & Pet from a "buy" rating to a "hold" rating in a research note on Saturday, February 7th. Canaccord Genuity Group upgraded shares of Central Garden & Pet to a "buy" rating in a research note on Friday, January 16th. Finally, JPMorgan Chase & Co. cut their price target on shares of Central Garden & Pet from $33.00 to $32.00 and set an "underweight" rating for the company in a research note on Friday, April 17th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Central Garden & Pet has a consensus rating of "Hold" and an average price target of $41.75.

Insiders Place Their Bets

In other news, Director Brendan Dougher sold 3,250 shares of the firm's stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $33.38, for a total transaction of $108,485.00. Following the completion of the sale, the director owned 12,845 shares in the company, valued at approximately $428,766.10. This trade represents a 20.19% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director John Ranelli sold 3,668 shares of the firm's stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $34.50, for a total transaction of $126,546.00. Following the sale, the director owned 646 shares of the company's stock, valued at approximately $22,287. This represents a 85.03% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 20.28% of the company's stock.

Institutional Trading of Central Garden & Pet

A number of hedge funds have recently modified their holdings of the stock. Mercer Global Advisors Inc. ADV lifted its stake in shares of Central Garden & Pet by 19.8% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 16,233 shares of the company's stock worth $474,000 after buying an additional 2,679 shares during the last quarter. State of Tennessee Department of Treasury lifted its stake in shares of Central Garden & Pet by 12.6% during the 4th quarter. State of Tennessee Department of Treasury now owns 41,943 shares of the company's stock worth $1,286,000 after buying an additional 4,684 shares during the last quarter. Voloridge Investment Management LLC lifted its stake in shares of Central Garden & Pet by 27.6% during the 4th quarter. Voloridge Investment Management LLC now owns 156,652 shares of the company's stock worth $4,573,000 after buying an additional 33,892 shares during the last quarter. Polymer Capital Management US LLC lifted its stake in shares of Central Garden & Pet by 18.0% during the 4th quarter. Polymer Capital Management US LLC now owns 11,235 shares of the company's stock worth $328,000 after buying an additional 1,714 shares during the last quarter. Finally, Millennium Management LLC lifted its stake in shares of Central Garden & Pet by 57.3% during the 4th quarter. Millennium Management LLC now owns 56,618 shares of the company's stock worth $1,653,000 after buying an additional 20,616 shares during the last quarter. Institutional investors and hedge funds own 50.82% of the company's stock.

About Central Garden & Pet

Central Garden & Pet Co is a leading producer, marketer and distributor of branded consumable gardening products and pet supplies in North America. Headquartered in Walnut Creek, California, the company serves both retail and wholesale customers through a network of distribution centers across the United States and Canada. Operating under the ticker symbol CENTA on the NASDAQ exchange, Central Garden & Pet has been publicly traded since 2003.

The company's Garden segment offers a broad portfolio of lawn and garden care solutions, including fertilizers, weed and pest control products, soil and mulch, and plant care accessories.

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