Somewhat Positive Media Coverage Somewhat Unlikely to Impact Central Garden & Pet (CENTA) Stock Price

Press coverage about Central Garden & Pet (NASDAQ:CENTA) has been trending somewhat positive recently, according to Accern Sentiment Analysis. Accern identifies negative and positive news coverage by monitoring more than 20 million blog and news 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 news sentiment score of 0.19 on Accern’s scale. Accern also assigned headlines about the company an impact score of 45.5005679391991 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

Central Garden & Pet (NASDAQ CENTA) traded up 0.29% during midday trading on Friday, reaching $34.38. The company had a trading volume of 394,848 shares. Central Garden & Pet has a 52 week low of $21.70 and a 52 week high of $38.17. The company has a market capitalization of $1.78 billion, a price-to-earnings ratio of 25.93 and a beta of 0.32. The firm has a 50-day moving average price of $33.60 and a 200-day moving average price of $32.51.

Central Garden & Pet (NASDAQ:CENTA) last issued its quarterly earnings results on Wednesday, August 2nd. The company reported $0.62 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.51 by $0.11. Central Garden & Pet had a return on equity of 13.66% and a net margin of 3.49%. The business had revenue of $574.59 million during the quarter. Analysts expect that Central Garden & Pet will post $1.47 EPS for the current fiscal year.

Several research firms recently issued reports on CENTA. CL King began coverage on Central Garden & Pet in a research note on Friday, July 7th. They set a “buy” rating and a $38.00 price objective for the company. Sidoti raised Central Garden & Pet from a “neutral” rating to a “buy” rating in a research note on Monday, June 19th.

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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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