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

Central Garden & Pet (NASDAQ:CENTA) is expected to be announcing its results before the market opens on Wednesday, February 4th. Analysts expect the company to announce earnings of $0.12 per share and revenue of $636.62 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 data on Monday, November 24th. The company reported ($0.09) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.11. Central Garden & Pet had a net margin of 5.20% and a return on equity of 11.17%. The business had revenue of $678.00 million for the quarter, compared to the consensus estimate of $657.86 million. 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 Stock Down 0.6%

Shares of NASDAQ CENTA opened at $29.16 on Wednesday. The firm has a fifty day simple moving average of $29.68 and a two-hundred day simple moving average of $30.79. Central Garden & Pet has a 12 month low of $25.97 and a 12 month high of $37.35. The company has a current ratio of 3.67, a quick ratio of 2.33 and a debt-to-equity ratio of 0.75. The firm has a market capitalization of $1.82 billion, a PE ratio of 11.44 and a beta of 0.65.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on CENTA shares. Wall Street Zen downgraded shares of Central Garden & Pet from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 8th. CJS Securities raised Central Garden & Pet to a “strong-buy” rating in a research report on Thursday, December 11th. Canaccord Genuity Group upgraded Central Garden & Pet to a “buy” rating in a research note on Friday, January 16th. JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a $28.00 price target (down from $31.00) on shares of Central Garden & Pet in a research note on Friday, January 16th. Finally, Zacks Research downgraded Central Garden & Pet from a “strong-buy” rating to a “hold” rating in a report on Friday, October 24th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, Central Garden & Pet currently has a consensus rating of “Hold” and an average target price of $40.75.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Ameriprise Financial Inc. raised its stake in Central Garden & Pet by 181.2% during the third quarter. Ameriprise Financial Inc. now owns 549,355 shares of the company’s stock valued at $16,222,000 after buying an additional 354,016 shares during the last quarter. Two Sigma Investments LP increased its holdings in shares of Central Garden & Pet by 1,109.1% during the third quarter. Two Sigma Investments LP now owns 196,777 shares of the company’s stock valued at $5,811,000 after acquiring an additional 180,503 shares in the last quarter. Qube Research & Technologies Ltd raised its position in shares of Central Garden & Pet by 52.8% in the 3rd quarter. Qube Research & Technologies Ltd now owns 391,758 shares of the company’s stock worth $11,569,000 after purchasing an additional 135,340 shares during the last quarter. UBS Group AG boosted its stake in Central Garden & Pet by 107.8% in the 3rd quarter. UBS Group AG now owns 236,783 shares of the company’s stock worth $6,992,000 after purchasing an additional 122,857 shares in the last quarter. Finally, Lazard Asset Management LLC grew its position in Central Garden & Pet by 1,120.9% during the 3rd quarter. Lazard Asset Management LLC now owns 127,025 shares of the company’s stock valued at $3,751,000 after purchasing an additional 116,621 shares during the last quarter. Institutional investors 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.