Central Garden & Pet (CENTA) Set to Announce Quarterly Earnings on Wednesday

Central Garden & Pet (NASDAQ:CENTA - Get Free Report) will post its quarterly earnings results after the market closes on Wednesday, May 8th. Analysts expect Central Garden & Pet to post earnings of $0.83 per share for the quarter. Central Garden & Pet has set its FY 2024 guidance at 2.500- EPS.Individual interested in listening to the company's earnings conference call can do so using this link.

Central Garden & Pet (NASDAQ:CENTA - Get Free Report) last issued its earnings results on Wednesday, February 7th. The company reported $0.01 earnings per share for the quarter, topping the consensus estimate of ($0.14) by $0.15. The company 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

Central Garden & Pet stock traded up $0.25 during mid-day trading on Wednesday, hitting $35.68. The stock had a trading volume of 154,606 shares, compared to its average volume of 248,139. The firm's 50 day moving average is $35.98 and its 200 day moving average is $31.42. Central Garden & Pet has a one year low of $27.02 and a one year high of $39.55. The firm has a market capitalization of $2.40 billion, a P/E ratio of 17.70 and a beta of 0.69. The company has a current ratio of 3.47, a quick ratio of 1.55 and a debt-to-equity ratio of 0.82.

Insider Buying and Selling

In other news, CFO Nicholas Lahanas sold 13,101 shares of the firm'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 transaction, the chief financial officer now directly owns 115,796 shares of the company's stock, valued at $4,358,561.44. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, CFO Nicholas Lahanas sold 13,101 shares of the firm'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 transaction, the chief financial officer now directly owns 115,796 shares of the company's stock, valued at $4,358,561.44. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider John Edward Hanson sold 5,321 shares of the firm's stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $37.19, for a total transaction of $197,887.99. Following the transaction, the insider now directly owns 35,460 shares in the company, valued at $1,318,757.40. The disclosure for this sale can be found here. Insiders have sold 25,822 shares of company stock valued at $965,026 in the last ninety days. 20.28% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have commented on CENTA. JPMorgan Chase & Co. increased their price objective on shares of Central Garden & Pet from $40.00 to $43.00 and gave the company a "neutral" rating in a report on Thursday, February 8th. Truist Financial increased their price target 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. Finally, StockNews.com raised shares of Central Garden & Pet from a "hold" rating to a "buy" rating in a report on Friday, April 19th. One research analyst has rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $45.00.

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.