Central Garden & Pet (NASDAQ:CENTA) Posts Earnings Results, Misses Estimates By $0.13 EPS

Central Garden & Pet (NASDAQ:CENTA) announced its quarterly earnings data on Tuesday. The company reported $0.04 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.17 by ($0.13), Yahoo Finance reports. Central Garden & Pet had a net margin of 4.30% and a return on equity of 9.66%. Central Garden & Pet updated its Q1 2020
After-Hours guidance to $0.10-0.15 EPS.

NASDAQ:CENTA opened at $29.67 on Wednesday. The stock’s fifty day moving average is $28.39 and its 200 day moving average is $26.08. Central Garden & Pet has a fifty-two week low of $20.50 and a fifty-two week high of $36.92. The firm has a market capitalization of $1.69 billion, a PE ratio of 15.53, a PEG ratio of 2.75 and a beta of 0.08. The company has a debt-to-equity ratio of 0.67, a quick ratio of 3.17 and a current ratio of 4.84.

Several research firms have weighed in on CENTA. KeyCorp dropped their price target on Central Garden & Pet from $39.00 to $36.00 and set an “overweight” rating for the company in a research note on Friday, August 2nd. Zacks Investment Research downgraded Central Garden & Pet from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 15th. BidaskClub upgraded Central Garden & Pet from a “hold” rating to a “buy” rating in a research note on Thursday, September 12th. ValuEngine downgraded Central Garden & Pet from a “hold” rating to a “sell” rating in a research note on Friday, November 1st. Finally, Monness Crespi & Hardt restated a “buy” rating and issued a $36.00 price target (down from $44.00) on shares of Central Garden & Pet in a research note on Friday, August 2nd. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $36.25.

Central Garden & Pet Company Profile

Central Garden & Pet Company, together with its subsidiaries, produces and distributes 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 supplies products for dogs and cats, including edible bones, edible and non-edible chews, dog and cat food and treats, toys, pet carriers, grooming supplies, and other accessories; and products for birds, small animals, and specialty pets, such as food, cages and habitats, toys, chews, and related accessories.

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Earnings History for Central Garden & Pet (NASDAQ:CENTA)

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