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

Central Garden & Pet (NASDAQ:CENT) is projected 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.Persons that are interested in participating in the company’s earnings conference call can do so using this link.

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

Shares of Central Garden & Pet stock opened at $36.31 on Tuesday. 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 market cap of $2.38 billion, a price-to-earnings ratio of 22.44 and a beta of 0.79. The business has a fifty day simple moving average of $38.50 and a 200-day simple moving average of $37.67. Central Garden & Pet has a fifty-two week low of $32.17 and a fifty-two week high of $47.48.

Wall Street Analysts Forecast Growth

CENT has been the subject of several analyst reports. Truist Financial reduced their target price on Central Garden & Pet from $50.00 to $40.00 and set a “buy” rating for the company in a report on Wednesday, October 16th. Canaccord Genuity Group reduced their price objective on Central Garden & Pet from $48.00 to $45.00 and set a “buy” rating for the company in a research note on Tuesday, November 26th. Finally, Argus downgraded 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 assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target 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.