Central Garden & Pet (CENT) to Release Quarterly Earnings on Wednesday

Central Garden & Pet (NASDAQ:CENT) is projected to issue its quarterly earnings data before the market opens on Wednesday, February 5th. Analysts expect the company to announce earnings of ($0.03) per share and revenue of $632.16 million for the quarter. Central Garden & Pet has set its FY25 guidance at $2.20 or better EPS and its FY 2025 guidance at 2.200- EPS.

Central Garden & Pet (NASDAQ:CENT) last issued its quarterly earnings data on Monday, November 25th. The company reported ($0.18) earnings per share for the quarter, topping the consensus estimate of ($0.22) by $0.04. Central Garden & Pet had a net margin of 3.37% and a return on equity of 9.31%. The business had revenue of $669.49 million during the quarter, compared to analysts’ expectations of $707.83 million. The company’s revenue for the quarter was down 10.8% compared to the same quarter last year. On average, analysts expect Central Garden & Pet to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Central Garden & Pet Stock Performance

Shares of NASDAQ:CENT opened at $36.86 on Wednesday. Central Garden & Pet has a 12-month low of $32.17 and a 12-month high of $47.48. The company’s 50 day moving average price is $38.64 and its two-hundred day moving average price is $37.75. The firm has a market cap of $2.42 billion, a PE ratio of 22.78 and a beta of 0.79. The company has a quick ratio of 2.19, a current ratio of 3.66 and a debt-to-equity ratio of 0.76.

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, November 26th. Truist Financial decreased their price target on Central Garden & Pet from $50.00 to $40.00 and set a “buy” rating on the stock in a research report on Wednesday, October 16th. Finally, Argus cut shares of Central Garden & Pet from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 7th. One analyst has rated the stock with a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $46.75.

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.