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

Central Garden & Pet (NASDAQ:CENT - Get Free Report) is expected to post its quarterly earnings results after the market closes 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.Investors interested in listening to the company's conference call can do so using this link.

Central Garden & Pet (NASDAQ:CENT - Get Free Report) last posted its quarterly earnings results on Monday, November 25th. The company reported ($0.18) EPS for the quarter, topping the consensus estimate of ($0.22) by $0.04. Central Garden & Pet had a return on equity of 9.31% and a net margin of 3.37%. The business had revenue of $669.49 million for the quarter, compared to analyst estimates of $707.83 million. The company's quarterly revenue was down 10.8% on a year-over-year basis. 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 0.9 %

Shares of Central Garden & Pet stock traded down $0.33 during mid-day trading on Friday, hitting $36.49. The stock had a trading volume of 88,028 shares, compared to its average volume of 81,087. The firm has a market cap of $2.39 billion, a P/E ratio of 22.55 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. The firm has a 50-day moving average of $38.55 and a two-hundred day moving average of $37.71. Central Garden & Pet has a 12-month low of $32.17 and a 12-month high of $47.48.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Truist Financial cut their target price on Central Garden & Pet from $50.00 to $40.00 and set a "buy" rating for the company in a research note on Wednesday, October 16th. Argus downgraded Central Garden & Pet from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, January 7th. Finally, Canaccord Genuity Group decreased 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 research report on Tuesday, November 26th. One investment analyst has rated the stock with a hold rating, two have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Central Garden & Pet currently has an average rating of "Buy" and a consensus target price of $46.75.

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.