News stories about Central Garden & Pet (NASDAQ:CENT) have been trending somewhat positive this week, according to Accern Sentiment. The research firm scores the sentiment of press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Central Garden & Pet earned a media sentiment score of 0.17 on Accern’s scale. Accern also gave news articles about the company an impact score of 47.3073385587955 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the news articles that may have impacted Accern Sentiment Analysis’s rankings:
- See what the IHS Markit Score report has to say about Central Garden & Pet Co. (finance.yahoo.com)
- Central Garden & Pet Company (CENT) Director Sells $406,038.00 in Stock (americanbankingnews.com)
- Michael A. Reed Sells 15,016 Shares of Central Garden & Pet Company (NASDAQ:CENT) Stock (americanbankingnews.com)
- Leggett & Platt (LEG) Stock Lacks Luster: What Lies Ahead? (finance.yahoo.com)
Shares of Central Garden & Pet (CENT) traded down 0.14% during midday trading on Friday, hitting $34.73. 68,220 shares of the stock traded hands. The stock has a 50-day moving average of $32.70 and a 200-day moving average of $34.02. The company has a market cap of $1.80 billion, a price-to-earnings ratio of 26.19 and a beta of 0.12. Central Garden & Pet has a 52-week low of $22.97 and a 52-week high of $39.33.
Central Garden & Pet (NASDAQ:CENT) last announced its earnings results on Wednesday, August 2nd. The company reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.11. The business had revenue of $574.59 million for the quarter, compared to analysts’ expectations of $544.26 million. Central Garden & Pet had a net margin of 3.49% and a return on equity of 13.66%. The company’s quarterly revenue was up 11.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.48 EPS. On average, equities analysts predict that Central Garden & Pet will post $1.50 earnings per share for the current fiscal year.
Several research firms have issued reports on CENT. Zacks Investment Research raised shares of Central Garden & Pet from a “sell” rating to a “hold” rating and set a $41.00 price objective for the company in a research report on Friday, August 4th. BidaskClub raised shares of Central Garden & Pet from a “sell” rating to a “hold” rating in a research report on Monday, July 24th. CL King began coverage on shares of Central Garden & Pet in a research report on Friday, July 7th. They issued a “buy” rating and a $38.00 price objective for the company. Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of Central Garden & Pet in a research report on Thursday, August 3rd. Finally, Sidoti raised shares of Central Garden & Pet from a “neutral” rating to a “buy” rating in a research report on Monday, June 19th. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. Central Garden & Pet currently has an average rating of “Hold” and a consensus price target of $39.00.
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In other Central Garden & Pet news, insider Michael A. Reed sold 15,016 shares of the business’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $34.31, for a total value of $515,198.96. Following the transaction, the insider now directly owns 135,008 shares of the company’s stock, valued at approximately $4,632,124.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director John Ranelli sold 3,100 shares of the business’s stock in a transaction on Friday, May 26th. The shares were sold at an average price of $29.33, for a total transaction of $90,923.00. Following the completion of the transaction, the director now directly owns 110,668 shares in the company, valued at $3,245,892.44. The disclosure for this sale can be found here. Insiders sold a total of 79,091 shares of company stock worth $2,506,786 over the last ninety days. Corporate insiders own 11.60% of the company’s stock.
Central Garden & Pet Company Profile
Central Garden & Pet Company is a marketer and producer of branded products and distributor of third party products in the pet and lawn and garden supplies industries in the United States. The Company operates in two segments: Pet segment and the Garden segment. It is a marketer and producer of pet supplies in the United States.
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