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

Central Garden & Pet (NASDAQ:CENT) announced its quarterly earnings data on Wednesday. The company reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates 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 Price Performance

CENT stock traded up $2.66 during mid-day trading on Thursday, hitting $39.73. The company had a trading volume of 26,858 shares, compared to its average volume of 84,281. The company has a market capitalization of $2.61 billion, a price-to-earnings ratio of 24.79 and a beta of 0.79. Central Garden & Pet has a 12-month low of $32.17 and a 12-month high of $47.48. The company has a quick ratio of 2.19, a current ratio of 3.66 and a debt-to-equity ratio of 0.76. The company has a 50-day moving average price of $38.38 and a 200 day moving average price of $37.65.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Canaccord Genuity Group cut their price objective on shares of Central Garden & Pet from $48.00 to $45.00 and set a “buy” rating for the company in a research report on Tuesday, November 26th. Argus downgraded shares of Central Garden & Pet from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 7th. Finally, Truist Financial lowered their target price 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. One equities research analyst has rated the stock with a hold rating, two have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, Central Garden & Pet currently has an average rating of “Buy” and an average price target of $46.75.

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.