Central Garden & Pet (CENTA) to Release Earnings on Wednesday

Central Garden & Pet (NASDAQ:CENTA) is anticipated to issue its results after the market closes on Wednesday, August 5th. Analysts expect the company to post earnings of $1.51 per share and revenue of $882.9640 million for the quarter. Central Garden & Pet has set its FY 2026 guidance at 2.700- EPS.

Central Garden & Pet (NASDAQ:CENTA) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $1.29 EPS for the quarter, beating analysts’ consensus estimates of $1.08 by $0.21. The company had revenue of $906.15 million for the quarter, compared to the consensus estimate of $846.58 million. Central Garden & Pet had a net margin of 5.42% and a return on equity of 11.55%. On average, analysts expect Central Garden & Pet to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Central Garden & Pet Price Performance

Central Garden & Pet stock opened at $37.91 on Monday. The company has a current ratio of 3.45, a quick ratio of 2.16 and a debt-to-equity ratio of 0.72. The company has a fifty day simple moving average of $37.25 and a 200-day simple moving average of $34.37. The stock has a market cap of $2.37 billion, a P/E ratio of 13.79 and a beta of 0.59. Central Garden & Pet has a 12-month low of $25.97 and a 12-month high of $39.99.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on CENTA shares. JPMorgan Chase & Co. upped their price objective on Central Garden & Pet from $32.00 to $37.00 and gave the stock an “underweight” rating in a research report on Thursday, July 16th. Zacks Research cut Central Garden & Pet from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 14th. Weiss Ratings raised Central Garden & Pet from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, July 21st. Canaccord Genuity Group dropped their price target on shares of Central Garden & Pet from $54.00 to $53.00 and set a “buy” rating on the stock in a research note on Wednesday, June 17th. Finally, Wall Street Zen raised shares of Central Garden & Pet from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $46.67.

Institutional Trading of Central Garden & Pet

Hedge funds and other institutional investors have recently made changes to their positions in the company. Mercer Global Advisors Inc. ADV boosted its position in shares of Central Garden & Pet by 19.8% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 16,233 shares of the company’s stock valued at $474,000 after purchasing an additional 2,679 shares during the period. State of Tennessee Department of Treasury increased its position in Central Garden & Pet by 12.6% during the fourth quarter. State of Tennessee Department of Treasury now owns 41,943 shares of the company’s stock worth $1,286,000 after buying an additional 4,684 shares during the period. Voloridge Investment Management LLC increased its position in Central Garden & Pet by 27.6% during the fourth quarter. Voloridge Investment Management LLC now owns 156,652 shares of the company’s stock worth $4,573,000 after buying an additional 33,892 shares during the period. Polymer Capital Management US LLC lifted its stake in Central Garden & Pet by 18.0% in the fourth quarter. Polymer Capital Management US LLC now owns 11,235 shares of the company’s stock valued at $328,000 after buying an additional 1,714 shares during the last quarter. Finally, Millennium Management LLC lifted its stake in Central Garden & Pet by 57.3% in the fourth quarter. Millennium Management LLC now owns 56,618 shares of the company’s stock valued at $1,653,000 after buying an additional 20,616 shares during the last quarter. Institutional investors and hedge funds own 50.82% of the company’s stock.

About Central Garden & Pet

Central Garden & Pet Co is a leading producer, marketer and distributor of branded consumable gardening products and pet supplies in North America. Headquartered in Walnut Creek, California, the company serves both retail and wholesale customers through a network of distribution centers across the United States and Canada. Operating under the ticker symbol CENTA on the NASDAQ exchange, Central Garden & Pet has been publicly traded since 2003.

The company’s Garden segment offers a broad portfolio of lawn and garden care solutions, including fertilizers, weed and pest control products, soil and mulch, and plant care accessories.