Central Garden & Pet (NASDAQ:CENT) Releases 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 -.

Wall Street Analyst Weigh In

Separately, Truist Financial lowered shares of Central Garden & Pet from a "buy" rating to a "hold" rating and set a $35.00 price objective for the company. in a research note on Wednesday, April 30th.

Central Garden & Pet Stock Up 9.9%

NASDAQ:CENT traded up $3.60 during trading hours on Friday, hitting $40.05. 148,524 shares of the company traded hands, compared to its average volume of 140,570. Central Garden & Pet has a one year low of $31.97 and a one year high of $43.88. The company has a quick ratio of 1.93, a current ratio of 3.31 and a debt-to-equity ratio of 0.77. The company has a market cap of $2.62 billion, a PE ratio of 21.41 and a beta of 0.70. The firm's 50-day simple moving average is $35.54 and its 200-day simple moving average is $36.13.

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

Insiders Place Their Bets

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

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in CENT. AQR Capital Management LLC bought a new position in shares of Central Garden & Pet during the first quarter valued at $255,000. Empowered Funds LLC increased its holdings in Central Garden & Pet by 6.6% during the first quarter. Empowered Funds LLC now owns 51,591 shares of the company's stock valued at $1,891,000 after buying an additional 3,199 shares during the last quarter. Jane Street Group LLC bought a new position in Central Garden & Pet in the 1st quarter worth $7,347,000. Finally, Millennium Management LLC raised 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 worth $9,500,000 after buying an additional 72,977 shares during the period. 16.13% of the stock is currently owned by institutional investors.

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.

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