Central Garden & Pet (NASDAQ:CENT) Updates FY 2025 Earnings Guidance

Central Garden & Pet (NASDAQ:CENT) issued an update on its FY 2025 earnings guidance on Monday morning. The company provided EPS guidance of 2.200- for the period, compared to the consensus EPS estimate of 2.440. The company issued revenue guidance of -. Central Garden & Pet also updated its FY25 guidance to $2.20 or better EPS.

Central Garden & Pet Price Performance

Shares of NASDAQ CENT opened at $39.83 on Wednesday. The firm has a market cap of $2.69 billion, a P/E ratio of 24.62 and a beta of 0.75. 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 1-year low of $31.31 and a 1-year high of $47.48. The business’s 50 day moving average is $35.79 and its 200-day moving average is $38.64.

Analyst Ratings Changes

CENT has been the topic of a number of recent research reports. Canaccord Genuity Group lowered their price objective on Central Garden & Pet from $48.00 to $45.00 and set a “buy” rating on the stock in a research note on Tuesday. Truist Financial cut their target price on Central Garden & Pet from $50.00 to $40.00 and set a “buy” rating on the stock in a 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, the stock has an average rating of “Buy” and an average target price of $46.75.

Insider Activity at Central Garden & Pet

In related news, Chairman William E. Brown sold 60,000 shares of the business’s stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $33.54, for a total value of $2,012,400.00. Following the completion of the sale, the chairman now directly owns 1,125,773 shares of the company’s stock, valued at $37,758,426.42. The trade was a 5.06 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 9.53% of the stock is currently owned by corporate insiders.

Central Garden & Pet Company Profile

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.