Freshpet, Inc. (NASDAQ:FRPT) Expected to Post Earnings of $0.01 Per Share

Analysts expect Freshpet, Inc. (NASDAQ:FRPT) to report earnings per share of $0.01 for the current fiscal quarter, Zacks reports. Six analysts have provided estimates for Freshpet’s earnings. The highest EPS estimate is $0.02 and the lowest is $0.00. Freshpet reported earnings of $0.02 per share in the same quarter last year, which would indicate a negative year over year growth rate of 50%. The business is expected to announce its next earnings results on Tuesday, November 7th.

According to Zacks, analysts expect that Freshpet will report full year earnings of ($0.07) per share for the current financial year, with EPS estimates ranging from ($0.10) to ($0.03). For the next financial year, analysts forecast that the firm will report earnings of $0.10 per share, with EPS estimates ranging from $0.01 to $0.25. Zacks’ earnings per share calculations are a mean average based on a survey of research firms that that provide coverage for Freshpet.

Freshpet (NASDAQ:FRPT) last announced its quarterly earnings data on Monday, August 7th. The company reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.07) by $0.01. The firm had revenue of $39.97 million during the quarter, compared to analysts’ expectations of $38.09 million. Freshpet had a negative net margin of 3.14% and a negative return on equity of 4.06%. The company’s revenue for the quarter was up 21.1% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.10) EPS.

Several analysts have weighed in on FRPT shares. Zacks Investment Research lowered Freshpet from a “hold” rating to a “sell” rating in a report on Monday, May 8th. ValuEngine raised Freshpet from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Credit Suisse Group upped their target price on Freshpet from $10.00 to $12.00 and gave the company a “neutral” rating in a report on Friday, May 5th. Imperial Capital started coverage on Freshpet in a report on Thursday, July 20th. They issued an “in-line” rating and a $16.50 target price on the stock. They noted that the move was a valuation call. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $20.00 target price (up previously from $14.00) on shares of Freshpet in a report on Thursday, July 20th. One analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company’s stock. Freshpet has an average rating of “Hold” and a consensus price target of $15.69.

Freshpet (NASDAQ FRPT) traded up 5.61% on Friday, hitting $16.95. The stock had a trading volume of 415,663 shares. The stock’s market cap is $539.01 million. Freshpet has a one year low of $7.60 and a one year high of $18.25. The stock’s 50 day moving average is $16.45 and its 200 day moving average is $13.13.

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In other Freshpet news, CEO William B. Cyr bought 7,300 shares of Freshpet stock in a transaction that occurred on Thursday, May 18th. The shares were purchased at an average cost of $13.75 per share, for a total transaction of $100,375.00. Following the completion of the transaction, the chief executive officer now owns 75,532 shares of the company’s stock, valued at approximately $1,038,565. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Scott James Morris sold 5,000 shares of the stock in a transaction dated Thursday, June 15th. The stock was sold at an average price of $16.73, for a total value of $83,650.00. Following the transaction, the insider now owns 207,307 shares in the company, valued at $3,468,246.11. The disclosure for this sale can be found here. Insiders have sold 35,125 shares of company stock worth $526,758 over the last quarter. 8.20% of the stock is currently owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. acquired a new position in Freshpet during the first quarter valued at $122,000. Bank of Montreal Can increased its position in Freshpet by 1.4% in the second quarter. Bank of Montreal Can now owns 7,368 shares of the company’s stock valued at $122,000 after buying an additional 103 shares during the period. American International Group Inc. increased its position in Freshpet by 7.1% in the first quarter. American International Group Inc. now owns 13,762 shares of the company’s stock valued at $151,000 after buying an additional 917 shares during the period. UBS Asset Management Americas Inc. acquired a new position in Freshpet during the first quarter valued at $155,000. Finally, Oppenheimer Asset Management Inc. acquired a new position in Freshpet during the first quarter valued at $183,000. Hedge funds and other institutional investors own 65.49% of the company’s stock.

Freshpet Company Profile

Freshpet, Inc is a manufacturer of fresh, refrigerated pet food distributed across North America. The Company operates in the segment of manufacturing, marketing and distribution of pet food and pet treats for dogs and cats. The Company’s products consist of dog food, cat food, and dog and cat treats.

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Earnings History and Estimates for Freshpet (NASDAQ:FRPT)

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