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

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

Central Garden & Pet Trading Up 1.1 %

Shares of NASDAQ CENTA traded up $0.33 during midday trading on Wednesday, reaching $31.69. The company had a trading volume of 361,867 shares, compared to its average volume of 238,033. The firm’s fifty day moving average price is $32.68 and its 200-day moving average price is $32.28. The company has a quick ratio of 2.19, a current ratio of 3.66 and a debt-to-equity ratio of 0.76. Central Garden & Pet has a one year low of $27.70 and a one year high of $41.03. The stock has a market cap of $2.08 billion, a PE ratio of 19.59 and a beta of 0.76.

Wall Street Analyst Weigh In

Several analysts have issued reports on CENTA shares. Argus lowered Central Garden & Pet from a “buy” rating to a “hold” rating in a research note on Tuesday, January 7th. JPMorgan Chase & Co. decreased their price target on shares of Central Garden & Pet from $32.00 to $31.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. Finally, StockNews.com downgraded shares of Central Garden & Pet from a “buy” rating to a “hold” rating in a research note on Wednesday, October 16th. Three investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $41.00.

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.