Central Garden & Pet (NASDAQ:CENT) Updates 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 guidance of $2.20 or better for the period, compared to the consensus earnings per share estimate of $2.44. Central Garden & Pet also updated its FY 2025 guidance to 2.200- EPS.

Central Garden & Pet Stock Performance

Central Garden & Pet stock opened at $38.81 on Tuesday. 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 $35.79 and its 200 day moving average price is $38.64. Central Garden & Pet has a one year low of $31.31 and a one year high of $47.48. The company has a debt-to-equity ratio of 0.75, a quick ratio of 2.16 and a current ratio of 3.66.

Wall Street Analyst Weigh In

CENT has been the topic of a number of recent analyst reports. Canaccord Genuity Group reiterated a “buy” rating and issued a $48.00 price objective on shares of Central Garden & Pet in a report on Monday, September 30th. Truist Financial reduced their target price on Central Garden & Pet from $50.00 to $40.00 and set a “buy” rating for the company in a research note on Wednesday, October 16th. Three analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $47.50.

Insider Transactions 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 transaction of $2,012,400.00. Following the completion of the transaction, the chairman now owns 1,125,773 shares in the company, valued at approximately $37,758,426.42. This represents a 5.06 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible 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.