Cantel Medical (CMD) Earning Favorable Press Coverage, Analysis Shows

Media stories about Cantel Medical (NYSE:CMD) have trended positive on Saturday, Accern Sentiment Analysis reports. The research firm identifies positive and negative press coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Cantel Medical earned a news sentiment score of 0.25 on Accern’s scale. Accern also assigned media coverage about the company an impact score of 47.21205408898 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

Cantel Medical (NYSE:CMD) traded up $0.93 during mid-day trading on Friday, reaching $101.48. 115,660 shares of the company’s stock traded hands, compared to its average volume of 167,927. Cantel Medical has a 12-month low of $69.21 and a 12-month high of $108.00. The company has a market capitalization of $4,280.00, a price-to-earnings ratio of 56.07 and a beta of 1.24. The company has a current ratio of 2.44, a quick ratio of 1.48 and a debt-to-equity ratio of 0.31.

Cantel Medical (NYSE:CMD) last announced its quarterly earnings results on Thursday, September 28th. The company reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.02. Cantel Medical had a net margin of 9.50% and a return on equity of 17.42%. The company had revenue of $205.50 million during the quarter, compared to the consensus estimate of $200.32 million. The company’s revenue for the quarter was up 14.8% on a year-over-year basis. equities research analysts predict that Cantel Medical will post 2.35 earnings per share for the current fiscal year.

The business also recently disclosed a Semi-Annual dividend, which will be paid on Wednesday, January 31st. Investors of record on Wednesday, January 17th will be issued a $0.085 dividend. The ex-dividend date is Tuesday, January 16th. This represents a yield of 0.17%. This is an increase from Cantel Medical’s previous Semi-Annual dividend of $0.07. Cantel Medical’s dividend payout ratio is presently 7.73%.

Separately, Needham & Company LLC reiterated a “hold” rating on shares of Cantel Medical in a research note on Friday, September 1st. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $87.50.

In other Cantel Medical news, Chairman Charles M. Diker sold 20,500 shares of the company’s stock in a transaction dated Wednesday, October 4th. The shares were sold at an average price of $99.15, for a total value of $2,032,575.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director George L. Fotiades sold 6,000 shares of the company’s stock in a transaction dated Friday, October 13th. The shares were sold at an average price of $95.23, for a total transaction of $571,380.00. The disclosure for this sale can be found here. Insiders sold 36,368 shares of company stock valued at $3,576,028 in the last ninety days. Corporate insiders own 12.30% of the company’s stock.

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About Cantel Medical

Cantel Medical Corp. is a provider of infection prevention products and services in the healthcare market. The Company’s operating segments include Endoscopy; Water Purification and Filtration; Healthcare Disposables, and Dialysis. Its Endoscopy segment includes medical device reprocessing systems, disinfectants, detergents and other supplies.

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