Analysts Anticipate Freshpet Inc (FRPT) Will Post Earnings of -$0.09 Per Share

Brokerages expect that Freshpet Inc (NASDAQ:FRPT) will post ($0.09) earnings per share for the current quarter, according to Zacks Investment Research. Five analysts have provided estimates for Freshpet’s earnings, with the lowest EPS estimate coming in at ($0.13) and the highest estimate coming in at ($0.06). Freshpet reported earnings of ($0.10) per share during the same quarter last year, which would indicate a positive year over year growth rate of 10%. The firm is scheduled to report its next earnings results on Monday, May 6th.

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 ($0.02) to $0.17. For the next fiscal year, analysts forecast that the business will post earnings of $0.57 per share, with EPS estimates ranging from $0.39 to $0.78. Zacks Investment Research’s EPS averages are a mean average based on a survey of analysts that cover Freshpet.

Freshpet (NASDAQ:FRPT) last posted its earnings results on Tuesday, February 26th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.04). Freshpet had a negative return on equity of 4.60% and a negative net margin of 2.77%. The business had revenue of $51.64 million for the quarter, compared to the consensus estimate of $50.22 million. During the same period in the previous year, the company posted $0.04 earnings per share. Freshpet’s revenue for the quarter was up 29.7% compared to the same quarter last year.

A number of analysts recently issued reports on FRPT shares. SunTrust Banks increased their target price on Freshpet to $45.00 and gave the stock a “positive” rating in a research note on Wednesday, January 16th. BidaskClub raised Freshpet from a “hold” rating to a “buy” rating in a research note on Thursday, January 17th. Credit Suisse Group set a $36.00 target price on Freshpet and gave the stock a “neutral” rating in a research note on Tuesday, March 5th. Imperial Capital reissued an “in-line” rating and set a $40.00 target price (up from $35.00) on shares of Freshpet in a research note on Monday, March 4th. Finally, TheStreet raised Freshpet from a “c+” rating to a “b” rating in a research note on Tuesday, February 26th. Four research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. Freshpet has an average rating of “Buy” and an average target price of $34.86.

In other news, VP Stephen Macchiaverna sold 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $40.00, for a total transaction of $1,000,000.00. Following the completion of the transaction, the vice president now directly owns 90,860 shares of the company’s stock, valued at approximately $3,634,400. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Scott James Morris sold 50,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $40.00, for a total transaction of $2,000,000.00. Following the transaction, the insider now directly owns 181,298 shares of the company’s stock, valued at $7,251,920. The disclosure for this sale can be found here. Insiders have sold a total of 4,075,000 shares of company stock valued at $157,280,000 over the last ninety days. Company insiders own 5.10% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of FRPT. FMR LLC grew its stake in shares of Freshpet by 110,208.5% during the 4th quarter. FMR LLC now owns 298,936 shares of the company’s stock worth $9,614,000 after acquiring an additional 298,665 shares in the last quarter. Victory Capital Management Inc. grew its holdings in Freshpet by 35.2% during the fourth quarter. Victory Capital Management Inc. now owns 881,112 shares of the company’s stock worth $28,336,000 after buying an additional 229,352 shares in the last quarter. Wells Fargo & Company MN grew its holdings in Freshpet by 448.4% during the third quarter. Wells Fargo & Company MN now owns 250,969 shares of the company’s stock worth $9,211,000 after buying an additional 205,202 shares in the last quarter. BlackRock Inc. grew its holdings in Freshpet by 12.1% during the third quarter. BlackRock Inc. now owns 1,883,174 shares of the company’s stock worth $69,112,000 after buying an additional 203,367 shares in the last quarter. Finally, Castleark Management LLC bought a new stake in Freshpet during the fourth quarter worth $4,824,000. 75.07% of the stock is owned by institutional investors.

NASDAQ FRPT traded down $1.10 during trading hours on Friday, reaching $40.77. 45,317 shares of the company’s stock were exchanged, compared to its average volume of 373,057. Freshpet has a one year low of $15.75 and a one year high of $44.04. The stock has a market cap of $1.49 billion, a price-to-earnings ratio of -271.80 and a beta of 1.35.

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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