Central Garden & Pet (NASDAQ:CENTA) Releases FY 2025 Earnings Guidance

Central Garden & Pet (NASDAQ:CENTA - Get Free Report) updated its FY 2025 earnings guidance on Friday. The company provided EPS guidance of 2.600-2.600 for the period, compared to the consensus EPS estimate of 2.434. The company issued revenue guidance of -.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. JPMorgan Chase & Co. reduced their price objective on Central Garden & Pet from $34.00 to $31.00 and set a "neutral" rating for the company in a research report on Friday, April 11th. Wall Street Zen raised Central Garden & Pet from a "hold" rating to a "buy" rating in a report on Tuesday, May 20th. Finally, Truist Financial restated a "hold" rating and set a $35.00 target price (down from $40.00) on shares of Central Garden & Pet in a research report on Wednesday, April 30th.

Central Garden & Pet Price Performance

Central Garden & Pet stock traded up $0.77 during mid-day trading on Monday, hitting $36.52. The stock had a trading volume of 672,429 shares, compared to its average volume of 337,674. The firm has a market capitalization of $2.39 billion, a P/E ratio of 19.53 and a beta of 0.66. The company has a current ratio of 3.31, a quick ratio of 1.93 and a debt-to-equity ratio of 0.77. The firm's 50 day moving average is $31.53 and its 200 day moving average is $31.59. Central Garden & Pet has a one year low of $27.70 and a one year high of $37.31.

Central Garden & Pet (NASDAQ:CENTA - Get Free Report) last issued its earnings results on Wednesday, May 7th. The company reported $1.04 earnings per share for the quarter, topping the consensus estimate of $0.94 by $0.10. The company 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%. On average, sell-side analysts forecast that Central Garden & Pet will post 2.38 earnings per share for the current fiscal year.

Insider Buying and Selling at Central Garden & Pet

In related 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 value of $249,912.00. Following the completion of the sale, the chairman directly owned 377,383 shares in the company, valued at $12,091,351.32. This trade represents a 2.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last 90 days, insiders have sold 107,800 shares of company stock valued at $3,490,112. Insiders own 20.28% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of CENTA. Royal Bank of Canada lifted its holdings in Central Garden & Pet by 15.9% during the 1st quarter. Royal Bank of Canada now owns 18,471 shares of the company's stock valued at $605,000 after buying an additional 2,532 shares in the last quarter. AQR Capital Management LLC grew its position in shares of Central Garden & Pet by 56.8% during the 1st quarter. AQR Capital Management LLC now owns 48,438 shares of the company's stock worth $1,585,000 after buying an additional 17,556 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Central Garden & Pet by 2.5% in the first 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 in the last quarter. Millennium Management LLC raised its stake in Central Garden & Pet by 179.2% in the first quarter. Millennium Management LLC now owns 180,907 shares of the company's stock worth $5,921,000 after buying an additional 116,101 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in Central Garden & Pet by 5.1% in 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 in the last quarter. Institutional investors own 50.82% of the company's stock.

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.