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

Central Garden & Pet (NASDAQ:CENTA) posted its quarterly earnings data on Wednesday. The company reported $0.21 earnings per share 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 Stock Up 7.2 %

Shares of NASDAQ:CENTA traded up $2.29 during trading on Thursday, hitting $33.98. 54,414 shares of the company were exchanged, compared to its average volume of 229,232. The stock has a market cap of $2.23 billion, a price-to-earnings ratio of 21.12 and a beta of 0.76. Central Garden & Pet has a fifty-two week low of $27.70 and a fifty-two week high of $41.03. The firm has a fifty day moving average price of $32.63 and a two-hundred day moving average price of $32.27. The company has a current ratio of 3.66, a quick ratio of 2.19 and a debt-to-equity ratio of 0.76.

Analysts Set New Price Targets

CENTA has been the subject of a number of research reports. StockNews.com lowered Central Garden & Pet from a “buy” rating to a “hold” rating in a research note on Wednesday, October 16th. Argus lowered Central Garden & Pet from a “buy” rating to a “hold” rating in a research report on Tuesday, January 7th. Finally, JPMorgan Chase & Co. lowered their price objective on Central Garden & Pet from $32.00 to $31.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. Three analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Central Garden & Pet currently has an average rating of “Moderate Buy” and a consensus target price of $41.00.

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.