Central Garden & Pet Co (NASDAQ:CENTA)’s stock price hit a new 52-week low during trading on Friday after the company announced weaker than expected quarterly earnings. The stock traded as low as $21.55 and last traded at $22.00, with a volume of 429973 shares trading hands. The stock had previously closed at $27.22.
The company reported $0.80 EPS for the quarter, missing the consensus estimate of $0.86 by ($0.06). The business had revenue of $706.58 million during the quarter, compared to analyst estimates of $689.17 million. Central Garden & Pet had a net margin of 4.19% and a return on equity of 9.92%.
CENTA has been the topic of several recent analyst reports. BidaskClub raised shares of Central Garden & Pet from a “sell” rating to a “hold” rating in a research note on Wednesday, July 24th. KeyCorp reduced their price objective on shares of Central Garden & Pet from $39.00 to $36.00 and set an “overweight” rating on the stock in a research note on Friday. Zacks Investment Research raised shares of Central Garden & Pet from a “sell” rating to a “hold” rating in a research note on Wednesday, July 17th. Finally, Monness Crespi & Hardt reduced their price objective on shares of Central Garden & Pet from $44.00 to $36.00 and set a “buy” rating on the stock in a research note on Friday. One analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $39.60.
The business’s fifty day simple moving average is $25.70. The stock has a market capitalization of $1.62 billion, a price-to-earnings ratio of 11.41, a price-to-earnings-growth ratio of 3.82 and a beta of 0.03. The company has a debt-to-equity ratio of 0.69, a current ratio of 4.52 and a quick ratio of 2.79.
Central Garden & Pet Company Profile (NASDAQ:CENTA)
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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