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

Central Garden & Pet (NASDAQ:CENTA) is expected to announce 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 $882.9720 million for the quarter. Central Garden & Pet has set its FY 2026 guidance at 2.700- EPS.

Central Garden & Pet (NASDAQ:CENTA) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $1.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.08 by $0.21. The business had revenue of $906.15 million during the quarter, compared to analysts’ expectations of $846.58 million. Central Garden & Pet had a return on equity of 11.55% and a net margin of 5.42%. 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 Trading Up 1.9%

Shares of NASDAQ:CENTA opened at $39.00 on Wednesday. The business’s 50 day simple moving average is $37.02 and its 200 day simple moving average is $34.19. Central Garden & Pet has a 1 year low of $25.97 and a 1 year high of $39.99. The company has a debt-to-equity ratio of 0.72, a current ratio of 3.45 and a quick ratio of 2.16. The company has a market capitalization of $2.44 billion, a P/E ratio of 14.18 and a beta of 0.57.

Analyst Upgrades and Downgrades

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

Institutional Investors Weigh In On Central Garden & Pet

Several institutional investors and hedge funds have recently added to or reduced their stakes in CENTA. Mercer Global Advisors Inc. ADV boosted its holdings 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 in the last quarter. State of Tennessee Department of Treasury raised its holdings in shares of Central Garden & Pet by 12.6% during the 4th 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 in the last quarter. Voloridge Investment Management LLC raised its holdings in shares of Central Garden & Pet by 27.6% during the 4th 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 in the last quarter. Polymer Capital Management US LLC lifted its position in shares of Central Garden & Pet by 18.0% during the 4th quarter. Polymer Capital Management US LLC now owns 11,235 shares of the company’s stock worth $328,000 after buying an additional 1,714 shares during the last quarter. Finally, Millennium Management LLC lifted its position in shares of Central Garden & Pet by 57.3% during the 4th quarter. Millennium Management LLC now owns 56,618 shares of the company’s stock worth $1,653,000 after buying an additional 20,616 shares during the last quarter. 50.82% of the stock is currently owned by institutional investors.

Central Garden & Pet Company Profile

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.