Central Garden & Pet (CENT) Expected to Announce Earnings on Wednesday

Central Garden & Pet (NASDAQ:CENT) is anticipated 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) last announced its earnings results on Monday, November 25th. The company reported ($0.18) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.22) by $0.04. The firm had revenue of $669.49 million for the quarter, compared to analyst estimates of $707.83 million. Central Garden & Pet had a net margin of 3.37% and a return on equity of 9.31%. The business’s revenue 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 0.5 %

Shares of CENT opened at $36.31 on Tuesday. The firm’s 50-day moving average price is $38.50 and its 200-day moving average price is $37.67. The firm has a market capitalization of $2.38 billion, a price-to-earnings ratio of 22.44 and a beta of 0.79. The company has a current ratio of 3.66, a quick ratio of 2.19 and a debt-to-equity ratio of 0.76. Central Garden & Pet has a 1-year low of $32.17 and a 1-year high of $47.48.

Wall Street Analysts Forecast Growth

CENT has been the subject of several recent analyst reports. Argus cut shares of Central Garden & Pet from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 7th. Canaccord Genuity Group decreased their price objective on shares of Central Garden & Pet from $48.00 to $45.00 and set a “buy” rating for the company in a report on Tuesday, November 26th. Finally, Truist Financial decreased their price objective on shares of Central Garden & Pet from $50.00 to $40.00 and set a “buy” rating for the company in a report on Wednesday, October 16th. One equities research analyst has rated the stock with a hold rating, two have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus 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.