Central Garden & Pet (CENT) Earns Daily News Sentiment Rating of 0.02
News stories about Central Garden & Pet (NASDAQ:CENT) have trended somewhat positive recently, Accern reports. Accern scores the sentiment of press coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Central Garden & Pet earned a coverage optimism score of 0.02 on Accern’s scale. Accern also assigned media coverage about the company an impact score of 46.0198660947781 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the headlines that may have effected Accern Sentiment Analysis’s scoring:
- Head to Head Review: Central Garden & Pet (CENT) versus Its Rivals (americanbankingnews.com)
- Central Garden & Pet Co (CENT) Expected to Announce Quarterly Sales of $439.92 Million (americanbankingnews.com)
- Central Garden & Pet Company N (NASDAQ:CENTA) Closed Higher Than Its 50 Day Moving Average – First News 24 (firstnewspaper24.com)
- Does Central Garden & Pet Deserve a Place in Your Portfolio? – Nasdaq (nasdaq.com)
- Central Garden & Pet Company (CENT) Expected to Post Earnings of $0.10 Per Share (americanbankingnews.com)
A number of brokerages have recently weighed in on CENT. KeyCorp reissued a “hold” rating on shares of Central Garden & Pet in a research note on Wednesday, September 6th. BidaskClub raised shares of Central Garden & Pet from a “strong sell” rating to a “sell” rating in a research note on Friday, August 25th. Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of Central Garden & Pet in a research note on Tuesday, June 20th. Zacks Investment Research raised shares of Central Garden & Pet from a “sell” rating to a “hold” rating and set a $41.00 target price for the company in a research note on Friday, August 4th. Finally, Sidoti raised shares of Central Garden & Pet from a “neutral” rating to a “buy” rating in a research note on Monday, June 19th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $39.00.
Central Garden & Pet (CENT) traded down 0.48% during mid-day trading on Thursday, reaching $39.32. 7,385 shares of the company’s stock traded hands. The company has a market capitalization of $2.04 billion, a price-to-earnings ratio of 29.65 and a beta of 0.11. The company has a 50-day moving average of $36.16 and a 200-day moving average of $34.43. Central Garden & Pet has a 52-week low of $22.97 and a 52-week high of $39.74.
Central Garden & Pet (NASDAQ:CENT) last released its quarterly earnings results on Wednesday, August 2nd. The company reported $0.62 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.51 by $0.11. Central Garden & Pet had a net margin of 3.49% and a return on equity of 13.66%. The business had revenue of $574.59 million for the quarter, compared to analyst estimates of $544.26 million. During the same quarter in the previous year, the business earned $0.48 earnings per share. The firm’s revenue was up 11.7% compared to the same quarter last year. Equities research analysts expect that Central Garden & Pet will post $1.52 EPS for the current year.
In other news, Director Mary Beth Springer sold 7,831 shares of the business’s stock in a transaction that occurred on Wednesday, August 23rd. The shares were sold at an average price of $34.03, for a total transaction of $266,488.93. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Michael A. Reed sold 15,016 shares of the business’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $34.31, for a total transaction of $515,198.96. Following the sale, the insider now owns 135,008 shares in the company, valued at approximately $4,632,124.48. The disclosure for this sale can be found here. Insiders have sold 76,890 shares of company stock worth $2,612,545 in the last 90 days. 11.60% of the stock is owned by company insiders.
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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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