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

Central Garden & Pet (NASDAQ:CENT - Get Free Report) released its quarterly earnings data on Wednesday. The company reported $0.21 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.03) by $0.24, Zacks reports. Central Garden & Pet had a net margin of 3.77% and a return on equity of 10.08%. Central Garden & Pet updated its FY 2025 guidance to 2.200- EPS.

Central Garden & Pet Stock Performance

Central Garden & Pet stock traded down $1.66 during mid-day trading on Friday, reaching $38.50. 142,555 shares of the company's stock were exchanged, compared to its average volume of 85,463. The business's fifty day simple moving average is $38.36 and its 200 day simple moving average is $37.65. The company has a quick ratio of 2.19, a current ratio of 3.47 and a debt-to-equity ratio of 0.78. Central Garden & Pet has a one year low of $32.17 and a one year high of $47.48. The firm has a market capitalization of $2.53 billion, a PE ratio of 21.15 and a beta of 0.79.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on CENT shares. Argus lowered shares of Central Garden & Pet from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, January 7th. Truist Financial cut their target price on Central Garden & Pet from $50.00 to $40.00 and set a "buy" rating on the stock in a research report on Wednesday, October 16th. Finally, Canaccord Genuity Group lowered their price target on 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. One equities research analyst has rated the stock with a hold rating, two have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $46.75.

About Central Garden & Pet

Central Garden & Pet Co engages in the production and distribution of branded and private label products for the lawn, garden, and pet supplies markets. It operates through the Pet and Garden segments. The Pet segment focuses on 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, food and supplements, products for equine and livestock, animal and household health and insect control products, live fish and small animals as well as outdoor cushions.