Zacks: Brokerages Expect Freshpet Inc (NASDAQ:FRPT) to Announce $0.10 EPS

Equities analysts expect that Freshpet Inc (NASDAQ:FRPT) will post earnings of $0.10 per share for the current fiscal quarter, according to Zacks. Seven analysts have issued estimates for Freshpet’s earnings, with the lowest EPS estimate coming in at $0.04 and the highest estimate coming in at $0.16. The firm is expected to report its next earnings results on Monday, November 4th.

On average, 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 financial year, analysts expect that the company will post 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 analysts that follow Freshpet.

Freshpet (NASDAQ:FRPT) last issued its earnings results on Monday, August 5th. The company reported ($0.16) EPS for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.08). The firm had revenue of $60.10 million during the quarter, compared to analyst estimates 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 for the quarter was up 26.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.10) earnings per share.

A number of equities analysts have recently issued reports on the stock. DA Davidson assumed coverage on shares of Freshpet in a research note on Wednesday, June 19th. They issued a “buy” rating and a $60.00 price objective for the company. Zacks Investment Research lowered shares of Freshpet from a “buy” rating to a “hold” rating in a research report on Wednesday, August 7th. JPMorgan Chase & Co. assumed coverage on shares of Freshpet in a research note on Tuesday, July 30th. They issued a “neutral” rating and a $46.00 target price on the stock. BidaskClub raised shares of Freshpet from a “hold” rating to a “buy” rating in a research report on Friday, August 30th. Finally, ValuEngine cut shares of Freshpet from a “buy” rating to a “hold” rating in a research note on Wednesday, September 4th. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $46.17.

In other news, CFO Richard A. Kassar sold 15,000 shares of the firm’s stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $47.75, for a total transaction of $716,250.00. Following the completion of the sale, the chief financial officer now owns 164,994 shares of the company’s stock, valued at $7,878,463.50. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director J David Basto bought 6,400 shares of the business’s stock in a transaction dated Thursday, August 8th. The stock was purchased at an average price of $38.61 per share, with a total value of $247,104.00. Following the purchase, the director now directly owns 23,721 shares of the company’s stock, valued at approximately $915,867.81. The disclosure for this purchase can be found here. Corporate insiders own 4.90% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the company. SG Americas Securities LLC acquired a new position in shares of Freshpet during the first quarter worth $140,000. State of New Jersey Common Pension Fund D boosted its position in Freshpet by 3.8% in the 1st quarter. State of New Jersey Common Pension Fund D now owns 270,000 shares of the company’s stock valued at $11,418,000 after buying an additional 10,000 shares during the last quarter. Victory Capital Management Inc. grew its stake in shares of Freshpet by 5.0% during the first quarter. Victory Capital Management Inc. now owns 925,062 shares of the company’s stock valued at $39,121,000 after acquiring an additional 43,950 shares in the last quarter. State Board of Administration of Florida Retirement System increased its position in shares of Freshpet by 20.9% during the first quarter. State Board of Administration of Florida Retirement System now owns 13,147 shares of the company’s stock worth $556,000 after acquiring an additional 2,273 shares during the last quarter. Finally, First Mercantile Trust Co. purchased a new stake in shares of Freshpet during the first quarter worth about $220,000. 98.32% of the stock is currently owned by institutional investors and hedge funds.

Freshpet stock 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 firm has a market cap of $1.81 billion, a P/E ratio of -336.20 and a beta of 1.08. The company has a quick ratio of 1.00, a current ratio of 1.51 and a debt-to-equity ratio of 0.32. The company has a fifty day moving average price of $44.54 and a 200-day moving average price of $44.31. Freshpet has a one year low of $28.44 and a one year high of $51.85.

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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Earnings History and Estimates for Freshpet (NASDAQ:FRPT)

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