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

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

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. 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 research note on Wednesday, October 16th. Canaccord Genuity Group restated a “buy” rating and issued a $48.00 price objective on shares of Central Garden & Pet in a research note on Monday, September 30th. Three analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, Central Garden & Pet currently has a consensus rating of “Buy” and an average target price of $47.50.

Central Garden & Pet Stock Performance

NASDAQ CENT traded up $0.11 during trading on Monday, hitting $38.81. 178,795 shares of the company’s stock traded hands, compared to its average volume of 114,621. The business has a 50 day moving average of $35.78 and a 200-day moving average of $38.69. Central Garden & Pet has a 12-month low of $31.31 and a 12-month 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. The stock has a market capitalization of $2.62 billion, a price-to-earnings ratio of 17.90 and a beta of 0.75.

Insider Buying and Selling at Central Garden & Pet

In related news, Chairman William E. Brown sold 60,000 shares of the business’s 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 completion of the transaction, the chairman now owns 1,125,773 shares of the company’s stock, valued at approximately $37,758,426.42. The trade was a 5.06 % decrease in their ownership of the stock. The sale 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.