Central Garden & Pet (NASDAQ:CENTA) Updates FY 2024 Earnings Guidance

Central Garden & Pet (NASDAQ:CENTA) issued an update on its FY 2024 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 2.000- for the period, compared to the consensus earnings per share estimate of 2.230. The company issued revenue guidance of -.

Central Garden & Pet Stock Up 0.2 %

CENTA traded up $0.08 during trading on Wednesday, hitting $35.94. 134,826 shares of the company’s stock were exchanged, compared to its average volume of 243,190. The company has a quick ratio of 1.55, a current ratio of 3.47 and a debt-to-equity ratio of 0.82. The business’s 50 day moving average is $35.88 and its two-hundred day moving average is $31.77. Central Garden & Pet has a fifty-two week low of $27.02 and a fifty-two week high of $39.55. The stock has a market cap of $2.42 billion, a P/E ratio of 17.75 and a beta of 0.70.

Central Garden & Pet (NASDAQ:CENTA) last released its quarterly earnings data on Wednesday, February 7th. The company reported $0.01 earnings per share for the quarter, topping the consensus estimate of ($0.14) by $0.15. Central Garden & Pet had a net margin of 4.06% and a return on equity of 10.32%. The firm had revenue of $634.53 million for the quarter, compared to the consensus estimate of $620.11 million. As a group, equities analysts expect that Central Garden & Pet will post 2.37 earnings per share for the current fiscal year.

Analysts Set New Price Targets

CENTA has been the topic of several research reports. StockNews.com upgraded shares of Central Garden & Pet from a hold rating to a buy rating in a report on Thursday, May 2nd. JPMorgan Chase & Co. upped their target price on shares of Central Garden & Pet from $40.00 to $43.00 and gave the stock a neutral rating in a research note on Thursday, February 8th. Finally, Truist Financial upped their target price on shares of Central Garden & Pet from $50.00 to $60.00 and gave the stock a buy rating in a research note on Friday, February 9th. One analyst has rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of Moderate Buy and a consensus price target of $45.00.

Insider Activity at Central Garden & Pet

In related news, Director John Ranelli sold 2,400 shares of the stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $38.34, for a total transaction of $92,016.00. Following the completion of the transaction, the director now owns 41 shares in the company, valued at $1,571.94. The transaction was disclosed in a document filed with the SEC, which is available through this link. In related news, CAO Howard Machek sold 5,000 shares of the stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $36.40, for a total transaction of $182,000.00. Following the completion of the transaction, the chief accounting officer now owns 59,406 shares in the company, valued at $2,162,378.40. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director John Ranelli sold 2,400 shares of the stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $38.34, for a total transaction of $92,016.00. Following the transaction, the director now owns 41 shares of the company’s stock, valued at approximately $1,571.94. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 25,822 shares of company stock worth $965,026. 20.28% of the stock is owned by company insiders.

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.