Favorable News Coverage Somewhat Unlikely to Affect Central Garden & Pet (NASDAQ:CENTA) Share Price

News stories about Central Garden & Pet (NASDAQ:CENTA) have been trending positive on Saturday, according to Accern. Accern identifies positive and negative news coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Central Garden & Pet earned a news sentiment score of 0.25 on Accern’s scale. Accern also gave headlines about the company an impact score of 44.8499155055184 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.

A number of equities analysts have recently weighed in on the company. CL King initiated coverage on Central Garden & Pet in a research report on Friday, July 7th. They set a “buy” rating and a $38.00 price target on the stock. Sidoti raised Central Garden & Pet from a “neutral” rating to a “buy” rating in a report on Monday, June 19th.

Shares of Central Garden & Pet (NASDAQ CENTA) traded up 0.12% during mid-day trading on Friday, hitting $33.70. The stock had a trading volume of 160,101 shares. The stock’s 50-day moving average is $31.30 and its 200 day moving average is $32.18. Central Garden & Pet has a 1-year low of $21.70 and a 1-year high of $38.17. The firm has a market capitalization of $1.74 billion, a price-to-earnings ratio of 25.41 and a beta of 0.34.

Central Garden & Pet (NASDAQ:CENTA) last announced its earnings results on Wednesday, August 2nd. The company reported $0.62 earnings per share 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 during the quarter. Equities research analysts predict that Central Garden & Pet will post $1.47 EPS for the current fiscal year.

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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.

Insider Buying and Selling by Quarter for Central Garden & Pet (NASDAQ:CENTA)

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