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

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

Central Garden & Pet Trading Up 0.3 %

Shares of CENT stock traded up $0.11 during mid-day trading on Monday, reaching $38.81. The stock had a trading volume of 179,152 shares, compared to its average volume of 114,614. The firm has a market capitalization of $2.62 billion, a PE ratio of 17.90 and a beta of 0.75. The stock’s 50-day moving average price is $35.78 and its two-hundred day moving average price is $38.69. The company has a current ratio of 3.66, a quick ratio of 2.16 and a debt-to-equity ratio of 0.75. Central Garden & Pet has a 52-week low of $31.31 and a 52-week high of $47.48.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Canaccord Genuity Group reaffirmed 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 Central Garden & Pet from $50.00 to $40.00 and set a “buy” rating for the company in a report on Wednesday, October 16th. Three investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Central Garden & Pet has a consensus rating of “Buy” and an average price target of $47.50.

Insider Buying and Selling at Central Garden & Pet

In other news, Chairman William E. Brown sold 60,000 shares of the company’s stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $33.54, for a total value of $2,012,400.00. Following the sale, the chairman now directly owns 1,125,773 shares of the company’s stock, valued at $37,758,426.42. This represents a 5.06 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 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.