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

Central Garden & Pet (NASDAQ:CENT - Get Free Report) issued an update on its FY 2025 earnings guidance on Friday 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 2.434. The company issued revenue guidance of -.

Central Garden & Pet Stock Performance

Shares of CENT traded up $0.46 during midday trading on Monday, reaching $40.51. 79,959 shares of the stock were exchanged, compared to its average volume of 140,592. The business's 50-day moving average price is $35.65 and its 200 day moving average price is $36.08. The company has a debt-to-equity ratio of 0.77, a current ratio of 3.31 and a quick ratio of 1.93. Central Garden & Pet has a twelve month low of $31.97 and a twelve month high of $43.88. The company has a market capitalization of $2.65 billion, a price-to-earnings ratio of 21.66 and a beta of 0.70.

Central Garden & Pet (NASDAQ:CENT - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $1.04 EPS for the quarter, beating analysts' consensus estimates of $0.94 by $0.10. The firm had revenue of $833.54 million during the quarter, compared to the consensus estimate of $876.36 million. Central Garden & Pet had a net margin of 3.90% and a return on equity of 10.14%. The firm's revenue was down 7.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.99 earnings per share. On average, sell-side analysts expect that Central Garden & Pet will post 2.38 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Truist Financial cut Central Garden & Pet from a "buy" rating to a "hold" rating and set a $35.00 price objective on the stock. in a report on Wednesday, April 30th.

Insider Buying and Selling

In other Central Garden & Pet news, Chairman William E. Brown sold 60,000 shares of the business's stock in a transaction dated Tuesday, May 20th. The shares were sold at an average price of $32.39, for a total transaction of $1,943,400.00. Following the completion of the transaction, the chairman directly owned 1,070,365 shares of the company's stock, valued at $34,669,122.35. The trade was a 5.31% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders have sold a total of 107,800 shares of company stock valued at $3,490,112 over the last three months. Insiders own 8.19% of the company's stock.

Institutional Investors Weigh In On Central Garden & Pet

Hedge funds have recently modified their holdings of the stock. Empowered Funds LLC grew its stake in Central Garden & Pet by 6.6% in the first quarter. Empowered Funds LLC now owns 51,591 shares of the company's stock valued at $1,891,000 after purchasing an additional 3,199 shares in the last quarter. AQR Capital Management LLC bought a new stake in shares of Central Garden & Pet during the first quarter valued at approximately $255,000. Millennium Management LLC lifted its stake in Central Garden & Pet by 39.2% during the first quarter. Millennium Management LLC now owns 259,144 shares of the company's stock worth $9,500,000 after purchasing an additional 72,977 shares during the period. Finally, Jane Street Group LLC bought a new stake in shares of Central Garden & Pet in the 1st quarter worth about $7,347,000. 16.13% of the stock is owned by hedge funds and other institutional investors.

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.