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

Key Points

• Central Garden & Pet provided FY 2025 earnings guidance with an expected EPS of 2.600, surpassing the consensus estimate of 2.550.
• The company's stock price opened at $33.03, exhibiting a market capitalization of approximately $2.08 billion.
• Recent analyst ratings upgraded the stock from a "hold" to a "buy" with a target price increase to $50.00 following positive performance indicators.

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

Central Garden & Pet Price Performance

Shares of CENTA stock opened at $33.03 on Friday. Central Garden & Pet has a 52 week low of $27.70 and a 52 week high of $37.35. The stock's fifty day moving average is $33.56 and its 200-day moving average is $32.22. 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 capitalization of $2.08 billion, a PE ratio of 15.01 and a beta of 0.67.

Central Garden & Pet (NASDAQ:CENTA - Get Free Report) last announced 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 business had revenue of $960.91 million for the quarter, compared to analyst estimates of $993.66 million. Central Garden & Pet had a return on equity of 10.77% and a net margin of 4.44%. Equities research analysts expect that Central Garden & Pet will post 2.38 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on CENTA shares. Wall Street Zen upgraded Central Garden & Pet from a "hold" rating to a "buy" rating in a report on Saturday, August 9th. Canaccord Genuity Group raised their target price on Central Garden & Pet from $45.00 to $50.00 and gave the stock a "buy" rating in a research report on Thursday, August 7th. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $38.67.

Insider Activity

In other news, insider John D. Walker III sold 3,500 shares of the business's stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $32.59, for a total value of $114,065.00. Following the completion of the sale, the insider owned 67,328 shares of the company's stock, valued at approximately $2,194,219.52. The trade was a 4.94% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director John Ranelli sold 3,076 shares of the business's stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $32.58, for a total value of $100,216.08. Following the transaction, the director owned 1,427 shares in the company, valued at approximately $46,491.66. This represents a 68.31% decrease in their position. The disclosure for this sale can be found here. Insiders own 20.28% of the company's stock.

Hedge Funds Weigh In On Central Garden & Pet

Several hedge funds and other institutional investors have recently modified their holdings of CENTA. Qube Research & Technologies Ltd raised its holdings in Central Garden & Pet by 105.3% in the 2nd quarter. Qube Research & Technologies Ltd now owns 256,418 shares of the company's stock worth $8,023,000 after purchasing an additional 131,497 shares during the period. Millennium Management LLC raised its holdings in Central Garden & Pet by 179.2% in the 1st quarter. Millennium Management LLC now owns 180,907 shares of the company's stock worth $5,921,000 after purchasing an additional 116,101 shares during the period. Jane Street Group LLC raised its holdings in Central Garden & Pet by 435.0% in the 1st quarter. Jane Street Group LLC now owns 141,880 shares of the company's stock worth $4,644,000 after purchasing an additional 115,359 shares during the period. AQR Capital Management LLC raised its holdings in Central Garden & Pet by 222.3% in the 2nd quarter. AQR Capital Management LLC now owns 156,124 shares of the company's stock worth $4,885,000 after purchasing an additional 107,686 shares during the period. Finally, The Manufacturers Life Insurance Company raised its holdings in Central Garden & Pet by 13.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 861,479 shares of the company's stock worth $26,956,000 after purchasing an additional 105,209 shares during the period. 50.82% of the stock is owned by 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.

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