Central Garden & Pet (NASDAQ:CENT) Announces Earnings Results

Central Garden & Pet (NASDAQ:CENT) released its quarterly earnings data on Tuesday. The company reported $0.04 EPS for the quarter, missing the Zacks’ consensus estimate of $0.17 by ($0.13), Bloomberg Earnings reports. The business had revenue of $540.70 million during the quarter, compared to analyst estimates of $520.99 million. Central Garden & Pet had a net margin of 3.89% and a return on equity of 9.26%. The firm’s revenue was up 7.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.10 EPS. Central Garden & Pet updated its Q1 2020
After-Hours guidance to $0.10-0.15 EPS and its Q1 guidance to ($0.15)-($0.10) EPS.

Central Garden & Pet stock opened at $25.88 on Friday. The firm has a 50 day simple moving average of $29.97 and a 200-day simple moving average of $28.22. Central Garden & Pet has a 1-year low of $22.40 and a 1-year high of $40.59. The company has a debt-to-equity ratio of 0.67, a current ratio of 4.84 and a quick ratio of 3.17. The stock has a market cap of $1.81 billion, a price-to-earnings ratio of 16.18 and a beta of -0.08.

A number of analysts have commented on CENT shares. BidaskClub downgraded shares of Central Garden & Pet from a “buy” rating to a “hold” rating in a report on Sunday, November 24th. ValuEngine upgraded shares of Central Garden & Pet from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. SunTrust Banks cut shares of Central Garden & Pet from a “buy” rating to a “hold” rating and set a $30.00 price target for the company. in a research note on Friday, August 2nd. Zacks Investment Research cut shares of Central Garden & Pet from a “hold” rating to a “sell” rating and set a $31.00 price target for the company. in a research note on Monday, October 28th. Finally, Bank of America cut shares of Central Garden & Pet from a “buy” rating to a “neutral” rating in a research note on Wednesday. One analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. The stock currently has an average rating of “Hold” and an average price target of $32.33.

About Central Garden & Pet

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:CENT)

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