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

Key Points

• Central Garden & Pet has issued FY 2025 earnings guidance of $2.60 per share, exceeding the consensus estimate of $2.55 per share.
• The company's revenue for the most recent quarter was $960.91 million, which was below analyst expectations of $993.66 million, and represents a 3.6% decline year-over-year.
• Insider trading activity includes significant sales by directors, with one selling over 3,000 shares at an average price of approximately $32.59.

Central Garden & Pet (NASDAQ:CENT - Get Free Report) issued an update on its FY 2025 earnings guidance on Saturday morning. The company provided earnings per share guidance of 2.600-2.600 for the period, compared to the consensus earnings per share estimate of 2.550. The company issued revenue guidance of -.

Central Garden & Pet Trading Up 1.3%

NASDAQ CENT opened at $36.43 on Friday. Central Garden & Pet has a twelve month low of $31.97 and a twelve month high of $43.88. The company has a debt-to-equity ratio of 0.75, a quick ratio of 2.28 and a current ratio of 3.56. The stock has a market cap of $2.29 billion, a price-to-earnings ratio of 16.56 and a beta of 0.70. The firm's 50 day moving average price is $37.29 and its two-hundred day moving average price is $36.26.

Central Garden & Pet (NASDAQ:CENT - Get Free Report) last issued its earnings results on Wednesday, August 6th. The company reported $1.56 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.34 by $0.22. The company had revenue of $960.91 million during the quarter, compared to analyst estimates of $993.66 million. Central Garden & Pet had a net margin of 4.44% and a return on equity of 10.77%. The company's revenue for the quarter was down 3.6% on a year-over-year basis. During the same quarter last year, the business posted $1.19 EPS. Equities analysts anticipate that Central Garden & Pet will post 2.38 EPS for the current year.

Insider Buying and Selling at Central Garden & Pet

In other news, Director John Ranelli sold 3,076 shares of the firm's stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $32.58, for a total value of $100,216.08. Following the sale, the director directly owned 1,427 shares of the company's stock, valued at approximately $46,491.66. This trade represents a 68.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider John D. Walker III sold 3,500 shares of the firm's stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $32.59, for a total value of $114,065.00. Following the completion of the sale, the insider directly owned 67,328 shares in the company, valued at approximately $2,194,219.52. This represents a 4.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. 8.19% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Central Garden & Pet

Several hedge funds and other institutional investors have recently made changes to their positions in CENT. Jane Street Group LLC bought a new stake in shares of Central Garden & Pet in the first quarter valued at about $7,347,000. Millennium Management LLC lifted its stake in shares of Central Garden & Pet by 39.2% in the first quarter. Millennium Management LLC now owns 259,144 shares of the company's stock valued at $9,500,000 after buying an additional 72,977 shares during the period. Qube Research & Technologies Ltd lifted its stake in shares of Central Garden & Pet by 37.7% in the second quarter. Qube Research & Technologies Ltd now owns 149,156 shares of the company's stock valued at $5,247,000 after buying an additional 40,803 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new stake in shares of Central Garden & Pet in the second quarter valued at about $925,000. Finally, Engineers Gate Manager LP lifted its stake in shares of Central Garden & Pet by 49.0% in the second quarter. Engineers Gate Manager LP now owns 31,560 shares of the company's stock valued at $1,110,000 after buying an additional 10,376 shares during the period. 16.13% of the stock is owned by institutional investors and hedge funds.

Central Garden & Pet Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.