Central Garden & Pet (CENT) Given Daily News Impact Score of 0.10
Press coverage about Central Garden & Pet (NASDAQ:CENT) has trended somewhat positive on Wednesday, according to Accern Sentiment. The research group ranks the sentiment of media coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Central Garden & Pet earned a daily sentiment score of 0.10 on Accern’s scale. Accern also assigned news stories about the company an impact score of 45.0129170281502 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the media headlines that may have impacted Accern Sentiment Analysis’s analysis:
- Central Garden & Pet Company (NASDAQ:CENT) Closed Higher Than Its 50 Day Moving Average (highlightpress.com)
- Insider Trading Activity Central Garden & Pet Company (NASDAQ:CENT) – Director Sold 2,700 shares of Stock (4-traders.com)
- Central Garden & Pet Company (CENT) Director John Ranelli Sells 2,700 Shares (americanbankingnews.com)
- Ride on Rising P/E Investing With 5 Top-Ranked Stocks (finance.yahoo.com)
- Insider Trading Activity Central Garden & Pet Company (NASDAQ:CENT) – Director Sold 7,831 shares of Stock (4-traders.com)
Shares of Central Garden & Pet (CENT) traded down 0.06% during trading on Wednesday, reaching $34.71. 8,215 shares of the company’s stock were exchanged. The company has a market capitalization of $1.80 billion, a P/E ratio of 26.18 and a beta of 0.12. Central Garden & Pet has a 12-month low of $22.97 and a 12-month high of $39.33. The stock has a 50-day moving average price of $33.50 and a 200 day moving average price of $34.09.
Central Garden & Pet (NASDAQ:CENT) last issued its quarterly 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 firm had revenue of $574.59 million during the quarter, compared to the consensus estimate of $544.26 million. Central Garden & Pet had a return on equity of 13.66% and a net margin of 3.49%. Central Garden & Pet’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.48 earnings per share. Equities analysts expect that Central Garden & Pet will post $1.51 EPS for the current fiscal year.
A number of equities analysts have commented on the stock. Zacks Investment Research downgraded shares of Central Garden & Pet from a “buy” rating to a “hold” rating in a report on Monday, May 8th. BidaskClub upgraded shares of Central Garden & Pet from a “sell” rating to a “hold” rating in a report on Saturday, June 10th. Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of Central Garden & Pet in a report on Thursday, August 3rd. Sidoti upgraded shares of Central Garden & Pet from a “neutral” rating to a “buy” rating in a report on Monday, June 19th. Finally, CL King assumed coverage on shares of Central Garden & Pet in a report on Friday, July 7th. They issued a “buy” rating and a $38.00 target price for the company. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $39.00.
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In related news, insider Michael A. Reed sold 15,016 shares of the stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $34.31, for a total value of $515,198.96. Following the completion of the transaction, the insider now owns 135,008 shares of the company’s stock, valued at $4,632,124.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John Ranelli sold 11,800 shares of the stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $34.41, for a total value of $406,038.00. Following the completion of the transaction, the director now directly owns 110,668 shares of the company’s stock, valued at approximately $3,808,085.88. The disclosure for this sale can be found here. Insiders sold 72,526 shares of company stock valued at $2,466,918 in the last three months. 11.60% of the stock is currently owned by company insiders.
About Central Garden & Pet
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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