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

Central Garden & Pet (NASDAQ:CENT) is scheduled to announce its earnings results 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 FY24 guidance at $2.50 EPS and its FY 2024 guidance at 2.500- EPS.Persons interested in participating in the company’s earnings conference call can do so using this link.

Central Garden & Pet (NASDAQ:CENT) last posted its quarterly earnings results on Wednesday, February 7th. The company reported $0.01 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.14) by $0.15. The business had revenue of $634.53 million for the quarter, compared to analysts’ expectations of $620.11 million. Central Garden & Pet had a return on equity of 10.32% and a net margin of 4.06%. 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 Stock Performance

Shares of NASDAQ:CENT opened at $41.92 on Tuesday. The company has a current ratio of 3.47, a quick ratio of 1.55 and a debt-to-equity ratio of 0.82. Central Garden & Pet has a 1-year low of $28.58 and a 1-year high of $44.45. The stock has a market capitalization of $2.82 billion, a P/E ratio of 20.65 and a beta of 0.72. The business has a 50-day moving average price of $41.65 and a two-hundred day moving average price of $36.19.

Analyst Ratings Changes

CENT has been the subject of a number of recent research reports. Canaccord Genuity Group began coverage on shares of Central Garden & Pet in a research note on Tuesday, March 12th. They set a “buy” rating and a $52.00 price target for the company. Truist Financial upped their target price on shares of Central Garden & Pet from $50.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, February 9th. Canaccord Genuity Group began coverage on Central Garden & Pet in a research report on Tuesday, March 12th. They issued a “buy” rating and a $52.00 price target on the stock. Finally, TheStreet upgraded Central Garden & Pet from a “c+” rating to a “b-” rating in a report on Friday, March 1st.

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 transaction, the chief financial officer now directly owns 115,796 shares of the company’s stock, valued at $4,358,561.44. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Central Garden & Pet news, CFO Nicholas Lahanas sold 13,101 shares of the stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $37.64, for a total value 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Howard Machek sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $36.40, for a total value of $182,000.00. Following the sale, the chief accounting officer now directly owns 59,406 shares in the company, valued at approximately $2,162,378.40. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 25,822 shares of company stock valued at $965,026. Corporate insiders own 9.53% of the company’s stock.

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.