Central Garden & Pet (CENTA) Scheduled to Post Quarterly Earnings on Wednesday

Central Garden & Pet (NASDAQ:CENTA) is scheduled to issue its quarterly earnings data after the market closes on Wednesday, May 8th. Analysts expect the company to announce earnings of $0.83 per share for the quarter. Central Garden & Pet has set its FY 2024 guidance at 2.500- EPS.Parties that wish to listen to the company’s conference call can do so using this link.

Central Garden & Pet (NASDAQ:CENTA) last issued its quarterly earnings data on Wednesday, February 7th. The company reported $0.01 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.15. Central Garden & Pet had a return on equity of 10.32% and a net margin of 4.06%. The company had revenue of $634.53 million for the quarter, compared to the consensus estimate of $620.11 million. On average, analysts expect Central Garden & Pet to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Central Garden & Pet Price Performance

CENTA opened at $36.38 on Monday. The firm has a market capitalization of $2.45 billion, a PE ratio of 18.01 and a beta of 0.70. The business’s 50-day moving average is $35.93 and its two-hundred day moving average is $31.63. Central Garden & Pet has a 1 year low of $27.02 and a 1 year high of $39.55. The company has a debt-to-equity ratio of 0.82, a current ratio of 3.47 and a quick ratio of 1.55.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. StockNews.com upgraded shares of Central Garden & Pet from a “hold” rating to a “buy” rating in a research note on Thursday. Truist Financial increased their price objective on Central Garden & Pet from $50.00 to $60.00 and gave the company a “buy” rating in a report on Friday, February 9th. Finally, JPMorgan Chase & Co. boosted their target price on Central Garden & Pet from $40.00 to $43.00 and gave the stock a “neutral” rating in a research note on Thursday, February 8th. One research analyst has rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Central Garden & Pet has an average rating of “Moderate Buy” and an average price target of $45.00.

Insider Buying and Selling at Central Garden & Pet

In other news, CFO Nicholas Lahanas sold 13,101 shares of Central Garden & Pet stock in a transaction on Monday, February 12th. The shares were sold at an average price of $37.64, for a total transaction of $493,121.64. Following the completion of the sale, the chief financial officer now directly owns 115,796 shares in the company, valued at $4,358,561.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, Director John Ranelli sold 2,400 shares of Central Garden & Pet stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $38.34, for a total transaction of $92,016.00. Following the completion of the sale, the director now owns 41 shares of the company’s stock, valued at $1,571.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Nicholas Lahanas sold 13,101 shares of the stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $37.64, for a total transaction of $493,121.64. Following the completion of the transaction, the chief financial officer now owns 115,796 shares in the company, valued at approximately $4,358,561.44. The disclosure for this sale can be found here. In the last quarter, insiders have sold 25,822 shares of company stock worth $965,026. 20.28% of the stock is owned by corporate insiders.

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.