Central Garden & Pet (CENT) Projected to Post Earnings on Wednesday

Central Garden & Pet (NASDAQ:CENT) will likely be releasing its earnings data before the market opens on Wednesday, February 5th. Analysts expect Central Garden & Pet to post 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 announced its quarterly earnings results on Monday, November 25th. The company reported ($0.18) earnings per share (EPS) 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 company had revenue of $669.49 million during the quarter, compared to the consensus estimate of $707.83 million. The firm’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 Trading Down 0.4 %

NASDAQ CENT opened at $36.86 on Wednesday. The company has a market cap of $2.42 billion, a price-to-earnings ratio of 22.78 and a beta of 0.79. Central Garden & Pet has a twelve month low of $32.17 and a twelve month high of $47.48. The company has a quick ratio of 2.19, a current ratio of 3.66 and a debt-to-equity ratio of 0.76. The business’s fifty day moving average is $38.64 and its 200 day moving average is $37.75.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on CENT. Truist Financial reduced their price target 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. Canaccord Genuity Group reduced their target price on shares of Central Garden & Pet from $48.00 to $45.00 and set a “buy” rating on the stock in a report on Tuesday, November 26th. Finally, Argus downgraded shares of Central Garden & Pet from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 7th. One investment analyst has rated the stock with a hold rating, two have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target 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.