Central Garden & Pet (NASDAQ:CENTA) posted its earnings results on Thursday. The company reported $0.80 earnings per share for the quarter, missing the consensus estimate of $0.86 by ($0.06), Morningstar.com reports. Central Garden & Pet had a net margin of 4.19% and a return on equity of 9.92%. The firm had revenue of $706.58 million for the quarter, compared to analysts’ expectations of $689.17 million.
Shares of Central Garden & Pet stock traded down $5.85 on Friday, reaching $21.37. The company’s stock had a trading volume of 1,184,778 shares, compared to its average volume of 227,139. The firm has a market capitalization of $1.61 billion, a P/E ratio of 11.19, a P/E/G ratio of 3.79 and a beta of 0.04. Central Garden & Pet has a 52-week low of $20.97 and a 52-week high of $40.81. The business has a 50-day simple moving average of $25.61. The company has a debt-to-equity ratio of 0.69, a current ratio of 4.52 and a quick ratio of 2.79.
Several analysts recently commented on the stock. BidaskClub upgraded shares of Central Garden & Pet from a “sell” rating to a “hold” rating in a research report on Wednesday, July 24th. Zacks Investment Research raised shares of Central Garden & Pet from a “sell” rating to a “hold” rating in a report on Wednesday, July 17th. Monness Crespi & Hardt reiterated a “buy” rating and issued a $36.00 price objective (down previously from $44.00) on shares of Central Garden & Pet in a research report on Friday. Finally, KeyCorp lowered their target price 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. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company. Central Garden & Pet presently has a consensus rating of “Hold” and a consensus target price of $39.60.
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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