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

Central Garden & Pet (NASDAQ:CENT) issued an update on its FY 2025 earnings guidance on Monday morning. 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.

Central Garden & Pet Stock Performance

CENT stock traded up $0.11 during midday trading on Monday, hitting $38.81. 179,903 shares of the stock traded hands, compared to its average volume of 114,626. Central Garden & Pet has a 1-year low of $31.31 and a 1-year high of $47.48. The company has a debt-to-equity ratio of 0.75, a current ratio of 3.66 and a quick ratio of 2.16. The stock’s fifty day simple moving average is $35.78 and its 200-day simple moving average is $38.69. The firm has a market cap of $2.62 billion, a P/E ratio of 17.90 and a beta of 0.75.

Analyst Ratings Changes

Several research analysts recently weighed in on CENT shares. Truist Financial reduced their price target 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. Canaccord Genuity Group reissued a “buy” rating and set a $48.00 target price on shares of Central Garden & Pet in a report on Monday, September 30th. Three equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $47.50.

Insider Buying and Selling

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 stock was 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 in the company, valued at approximately $37,758,426.42. This trade represents a 5.06 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 9.53% of the stock is currently owned by company 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.