News articles about Central Garden & Pet (NASDAQ:CENT) have been trending somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies negative and positive media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Central Garden & Pet earned a media sentiment score of 0.25 on Accern’s scale. Accern also gave headlines about the company an impact score of 49.192264657553 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the headlines that may have effected Accern Sentiment’s analysis:
Shares of Central Garden & Pet stock opened at $39.66 on Wednesday. The company has a quick ratio of 2.12, a current ratio of 3.87 and a debt-to-equity ratio of 0.98. The firm has a market cap of $2.06 billion, a price-to-earnings ratio of 26.44, a PEG ratio of 2.06 and a beta of 0.10. Central Garden & Pet has a 12 month low of $39.01 and a 12 month high of $39.95.
Central Garden & Pet (NASDAQ:CENT) last announced its quarterly earnings data on Monday, May 7th. The company reported $0.86 EPS for the quarter, beating the consensus estimate of $0.82 by $0.04. The business had revenue of $613.10 million during the quarter, compared to analyst estimates of $591.76 million. Central Garden & Pet had a return on equity of 13.92% and a net margin of 5.09%. The company’s revenue for the quarter was up 7.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.67 earnings per share. sell-side analysts anticipate that Central Garden & Pet will post 1.93 EPS for the current year.
A number of analysts recently commented on the company. Zacks Investment Research raised Central Garden & Pet from a “hold” rating to a “buy” rating and set a $43.00 price target for the company in a research note on Wednesday, May 9th. BidaskClub lowered Central Garden & Pet from a “sell” rating to a “strong sell” rating in a research note on Tuesday, May 1st. KeyCorp raised Central Garden & Pet from a “sector weight” rating to an “overweight” rating and set a $44.00 price target for the company in a research note on Monday, January 22nd. Finally, SunTrust Banks raised their price target on Central Garden & Pet to $50.00 and gave the stock a “buy” rating in a research note on Monday, April 9th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company’s stock. Central Garden & Pet presently has an average rating of “Hold” and a consensus target price of $46.50.
In other Central Garden & Pet news, CFO Nicholas Lahanas sold 1,824 shares of the firm’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $37.87, for a total transaction of $69,074.88. Following the completion of the transaction, the chief financial officer now owns 23,358 shares of the company’s stock, valued at $884,567.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Michael A. Reed sold 16,365 shares of the firm’s stock in a transaction on Friday, May 11th. The shares were sold at an average price of $36.50, for a total value of $597,322.50. The disclosure for this sale can be found here. Insiders have sold 58,954 shares of company stock valued at $2,184,499 in the last three months. Insiders own 12.60% of the company’s stock.
About Central Garden & Pet
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 comprising edible bones, edible and non-edible chews, rawhide, dog and cat food and treats, toys, pet carriers, grooming supplies, and other accessories; and food, cages and habitats, toys, chews, and related accessories for birds, small animals, and specialty pets.
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