Central Garden & Pet (NASDAQ:CENT) Issues FY25 Earnings Guidance

Central Garden & Pet (NASDAQ:CENT) issued an update on its FY25 earnings guidance on Monday morning. The company provided EPS guidance of $2.20 or better for the period, compared to the consensus EPS estimate of $2.44.

Wall Street Analysts Forecast Growth

CENT has been the subject of several recent research reports. Canaccord Genuity Group restated a “buy” rating and set a $48.00 price target on shares of Central Garden & Pet in a research report on Monday, September 30th. Truist Financial decreased their target price on shares of Central Garden & Pet from $50.00 to $40.00 and set a “buy” rating for the company in a research report on Wednesday, October 16th. Three equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $47.50.

Central Garden & Pet Stock Performance

Shares of CENT traded up $0.11 on Monday, reaching $38.81. 179,152 shares of the stock traded hands, compared to its average volume of 114,614. The firm has a market cap of $2.62 billion, a price-to-earnings ratio of 18.20 and a beta of 0.75. Central Garden & Pet has a 12 month low of $31.31 and a 12 month high of $47.48. The stock’s 50-day moving average price is $35.78 and its 200-day moving average price is $38.69. The company has a debt-to-equity ratio of 0.75, a current ratio of 3.66 and a quick ratio of 2.16.

Insider Activity

In related news, Chairman William E. Brown sold 60,000 shares of Central Garden & Pet stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $33.54, for a total transaction of $2,012,400.00. Following the transaction, the chairman now owns 1,125,773 shares of the company’s stock, valued at $37,758,426.42. This trade represents a 5.06 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 9.53% of the stock is currently owned by corporate insiders.

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.