Wall Street analysts expect Blue Buffalo Pet Products Inc (NASDAQ:BUFF) to announce sales of $319.42 million for the current quarter, according to Zacks. Six analysts have provided estimates for Blue Buffalo Pet Products’ earnings, with the highest sales estimate coming in at $324.10 million and the lowest estimate coming in at $314.45 million. Blue Buffalo Pet Products posted sales of $295.10 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 8.2%. The company is expected to issue its next earnings report after the market closes on Tuesday, February 27th.
According to Zacks, analysts expect that Blue Buffalo Pet Products will report full-year sales of $319.42 million for the current financial year, with estimates ranging from $1.25 billion to $1.27 billion. For the next financial year, analysts forecast that the company will post sales of $1.38 billion per share, with estimates ranging from $1.34 billion to $1.40 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that follow Blue Buffalo Pet Products.
Blue Buffalo Pet Products (NASDAQ:BUFF) last posted its quarterly earnings data on Tuesday, November 7th. The company reported $0.27 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.02. Blue Buffalo Pet Products had a return on equity of 86.23% and a net margin of 14.17%. The business had revenue of $340.85 million for the quarter, compared to analysts’ expectations of $323.05 million. During the same quarter in the previous year, the firm earned $0.22 earnings per share. The business’s revenue was up 18.4% on a year-over-year basis.
In related news, insider William W. Bishop, Jr. sold 21,200 shares of the business’s stock in a transaction on Thursday, January 25th. The stock was sold at an average price of $33.17, for a total transaction of $703,204.00. Following the sale, the insider now directly owns 616,930 shares in the company, valued at approximately $20,463,568.10. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO William W. Bishop, Jr. sold 3,180 shares of the business’s stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $28.02, for a total value of $89,103.60. Following the sale, the chief executive officer now owns 648,730 shares in the company, valued at $18,177,414.60. The disclosure for this sale can be found here. Insiders have sold a total of 175,068 shares of company stock worth $5,673,921 in the last ninety days. Insiders own 7.70% of the company’s stock.
Large investors have recently added to or reduced their stakes in the stock. Advisor Group Inc. raised its stake in shares of Blue Buffalo Pet Products by 6.5% during the 2nd quarter. Advisor Group Inc. now owns 4,513 shares of the company’s stock valued at $103,000 after purchasing an additional 277 shares during the period. Royce & Associates LP bought a new stake in shares of Blue Buffalo Pet Products during the 3rd quarter valued at $3,119,000. First Trust Advisors LP raised its stake in shares of Blue Buffalo Pet Products by 6.7% during the 3rd quarter. First Trust Advisors LP now owns 161,443 shares of the company’s stock valued at $4,577,000 after purchasing an additional 10,163 shares during the period. Alps Advisors Inc. bought a new stake in shares of Blue Buffalo Pet Products during the 3rd quarter valued at $519,000. Finally, Wells Fargo & Company MN raised its stake in shares of Blue Buffalo Pet Products by 14.8% during the 3rd quarter. Wells Fargo & Company MN now owns 2,448,233 shares of the company’s stock valued at $69,409,000 after purchasing an additional 314,874 shares during the period. Institutional investors own 95.01% of the company’s stock.
Blue Buffalo Pet Products (BUFF) traded down $1.12 during mid-day trading on Friday, reaching $31.68. The company’s stock had a trading volume of 1,634,476 shares, compared to its average volume of 989,070. The company has a debt-to-equity ratio of 1.61, a quick ratio of 3.62 and a current ratio of 4.22. Blue Buffalo Pet Products has a twelve month low of $21.51 and a twelve month high of $34.31. The stock has a market capitalization of $6,190.00 and a PE ratio of 36.00.
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Blue Buffalo Pet Products Company Profile
Blue Buffalo Pet Products, Inc (BBPP) is a holding company. The Company operates as a pet food company. The Company, through its subsidiaries, develops, produces, markets and sells pet food under product lines, including BLUE Life Protection Formula, BLUE Wilderness, BLUE Basics, BLUE Freedom and BLUE Natural Veterinary Diet lines.
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