Central Garden & Pet (CENT) Scheduled to Post Earnings on Wednesday

Central Garden & Pet (NASDAQ:CENT - Get Free Report) is scheduled to be announcing its earnings results after the market closes on Wednesday, May 8th. Analysts expect the company to announce earnings of $0.83 per share for the quarter. Central Garden & Pet has set its FY24 guidance at $2.50 EPS and its FY 2024 guidance at 2.500- EPS.Investors that are interested in participating in the company's conference call can do so using this link.

Central Garden & Pet (NASDAQ:CENT - Get Free Report) last announced its quarterly earnings results on Wednesday, February 7th. The company reported $0.01 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.14) by $0.15. The business had revenue of $634.53 million during the quarter, compared to the consensus estimate of $620.11 million. Central Garden & Pet had a net margin of 4.06% and a return on equity of 10.32%. On average, analysts expect Central Garden & Pet to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Central Garden & Pet Price Performance

Shares of CENT traded up $0.49 during trading hours on Wednesday, reaching $41.44. The company had a trading volume of 67,523 shares, compared to its average volume of 112,809. The firm has a 50 day simple moving average of $41.74 and a 200-day simple moving average of $35.82. The company has a current ratio of 3.47, a quick ratio of 1.55 and a debt-to-equity ratio of 0.82. The company has a market capitalization of $2.79 billion, a price-to-earnings ratio of 20.52 and a beta of 0.72. Central Garden & Pet has a 12-month low of $28.48 and a 12-month high of $44.45.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on CENT shares. TheStreet upgraded shares of Central Garden & Pet from a "c+" rating to a "b-" rating in a report on Friday, March 1st. Canaccord Genuity Group assumed coverage on shares of Central Garden & Pet in a report on Tuesday, March 12th. They set a "buy" rating and a $52.00 target price for the company. Canaccord Genuity Group assumed coverage on shares of Central Garden & Pet in a report on Tuesday, March 12th. They set a "buy" rating and a $52.00 target price for the company. Finally, Truist Financial raised their target price on shares of Central Garden & Pet from $50.00 to $60.00 and gave the company a "buy" rating in a report on Friday, February 9th.

Insider Activity

In other news, insider John Edward Hanson sold 5,321 shares of the business's stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $37.19, for a total value of $197,887.99. Following the completion of the transaction, the insider now owns 35,460 shares of the company's stock, valued at $1,318,757.40. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In related news, insider John Edward Hanson sold 5,321 shares of the business's stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $37.19, for a total value of $197,887.99. Following the completion of the sale, the insider now directly owns 35,460 shares in the company, valued at $1,318,757.40. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Nicholas Lahanas sold 13,101 shares of the business's stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $37.64, for a total transaction of $493,121.64. Following the completion of the sale, the chief financial officer now owns 115,796 shares of the company's stock, valued at $4,358,561.44. The disclosure for this sale can be found here. Insiders sold a total of 25,822 shares of company stock valued at $965,026 over the last 90 days. Insiders own 9.53% of the company's stock.

About Central Garden & Pet

Central Garden & Pet Company produces and distributes various products for the lawn and garden, and pet supplies markets in the United States. It operates through two segments: Pet and Garden. The Pet segment provides 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, and food and supplements; products for equine and livestock; animal and household health and insect control products; aquariums and terrariums, including fixtures and stands, water conditioners and supplements, water pumps and filters, and lighting systems and accessories; and live fish and small animals, as well as outdoor cushions.