Central Garden & Pet (NASDAQ:CENT) Issues Quarterly Earnings Results, Beats Estimates By $0.24 EPS

Central Garden & Pet (NASDAQ:CENT) issued its quarterly earnings results on Wednesday. The company reported $0.21 EPS for the quarter, beating the consensus estimate of ($0.03) by $0.24, Zacks reports. Central Garden & Pet had a net margin of 3.37% and a return on equity of 9.31%. Central Garden & Pet updated its FY 2025 guidance to 2.200- EPS.

Central Garden & Pet Stock Performance

Shares of NASDAQ CENT traded up $2.66 during midday trading on Thursday, reaching $39.73. The company had a trading volume of 26,858 shares, compared to its average volume of 84,281. The business’s 50-day simple moving average is $38.38 and its 200 day simple moving average is $37.65. The stock has a market cap of $2.61 billion, a P/E ratio of 24.79 and a beta of 0.79. Central Garden & Pet has a 1 year low of $32.17 and a 1 year high of $47.48. The company has a current ratio of 3.66, a quick ratio of 2.19 and a debt-to-equity ratio of 0.76.

Wall Street Analyst Weigh In

CENT has been the topic of a number of research analyst reports. Argus downgraded shares of Central Garden & Pet from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 7th. Truist Financial dropped their price objective on shares of Central Garden & Pet from $50.00 to $40.00 and set a “buy” rating on the stock in a research note on Wednesday, October 16th. Finally, Canaccord Genuity Group dropped their price objective on shares of Central Garden & Pet from $48.00 to $45.00 and set a “buy” rating on the stock in a research note on Tuesday, November 26th. One equities research analyst has rated the stock with a hold rating, two have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $46.75.

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.