Equities analysts expect Freshpet Inc (NASDAQ:FRPT) to announce earnings per share (EPS) of $0.10 for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have provided estimates for Freshpet’s earnings, with the highest EPS estimate coming in at $0.16 and the lowest estimate coming in at $0.04. The firm is expected to issue its next earnings report on Monday, November 4th.
According to Zacks, analysts expect that Freshpet will report full-year earnings of $0.04 per share for the current fiscal year, with EPS estimates ranging from ($0.02) to $0.13. For the next year, analysts expect that the business will report earnings of $0.53 per share, with EPS estimates ranging from $0.38 to $0.75. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that that provide coverage for Freshpet.
Freshpet (NASDAQ:FRPT) last posted its earnings results on Monday, August 5th. The company reported ($0.16) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.08) by ($0.08). The business had revenue of $60.10 million for the quarter, compared to analysts’ expectations of $59.59 million. Freshpet had a negative net margin of 3.42% and a negative return on equity of 6.23%. The business’s revenue was up 26.3% compared to the same quarter last year. During the same quarter last year, the business posted ($0.10) earnings per share.
FRPT has been the subject of a number of recent research reports. Zacks Investment Research cut shares of Freshpet from a “buy” rating to a “hold” rating in a research note on Wednesday, August 7th. JPMorgan Chase & Co. assumed coverage on Freshpet in a research note on Tuesday, July 30th. They issued a “neutral” rating and a $46.00 target price on the stock. ValuEngine lowered Freshpet from a “buy” rating to a “hold” rating in a research note on Wednesday, September 4th. BidaskClub upgraded Freshpet from a “hold” rating to a “buy” rating in a report on Friday, August 30th. Finally, DA Davidson initiated coverage on Freshpet in a research report on Wednesday, June 19th. They set a “buy” rating and a $60.00 price target for the company. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $46.17.
Shares of NASDAQ FRPT traded up $0.61 on Friday, hitting $50.43. The company’s stock had a trading volume of 524,118 shares, compared to its average volume of 332,222. The stock has a 50 day moving average of $44.54 and a 200-day moving average of $44.31. The company has a market capitalization of $1.81 billion, a price-to-earnings ratio of -336.20 and a beta of 1.08. Freshpet has a 12-month low of $28.44 and a 12-month high of $51.85. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.51 and a quick ratio of 1.00.
In other Freshpet news, CFO Richard A. Kassar sold 15,000 shares of the business’s stock in a transaction on Friday, June 14th. The stock was sold at an average price of $47.75, for a total value of $716,250.00. Following the completion of the transaction, the chief financial officer now directly owns 164,994 shares in the company, valued at approximately $7,878,463.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director J David Basto purchased 6,400 shares of Freshpet stock in a transaction on Thursday, August 8th. The shares were acquired at an average cost of $38.61 per share, for a total transaction of $247,104.00. Following the purchase, the director now owns 23,721 shares in the company, valued at $915,867.81. The disclosure for this purchase can be found here. 4.90% of the stock is owned by company insiders.
A number of institutional investors have recently added to or reduced their stakes in FRPT. HM Payson & Co. purchased a new position in Freshpet during the second quarter worth about $50,000. Redhawk Wealth Advisors Inc. purchased a new stake in Freshpet in the 2nd quarter valued at about $68,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Freshpet by 21.1% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,087 shares of the company’s stock valued at $95,000 after acquiring an additional 363 shares during the last quarter. NumerixS Investment Technologies Inc acquired a new position in shares of Freshpet during the 1st quarter valued at about $120,000. Finally, SG Americas Securities LLC acquired a new position in shares of Freshpet during the 1st quarter valued at about $140,000. Hedge funds and other institutional investors own 98.32% of the company’s stock.
Freshpet Company Profile
Freshpet, Inc manufactures and markets natural fresh products, refrigerated meals, and treats for dogs and cats in the United States, Canada, and the United Kingdom. The company sells its products under the Freshpet brand; and Dognation and Dog Joy labels through various classes of retail, including grocery, mass, club, pet specialty, and natural, as well as online.
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