Freshpet (FRPT) Scheduled to Post Quarterly Earnings on Monday

Freshpet (NASDAQ:FRPT) is set to announce its earnings results after the market closes on Monday, August 5th. Analysts expect the company to announce earnings of ($0.08) per share for the quarter.

Freshpet (NASDAQ:FRPT) last issued its earnings results on Monday, May 6th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.09) by ($0.01). The company had revenue of $54.80 million for the quarter, compared to analysts’ expectations of $54.28 million. Freshpet had a negative net margin of 2.57% and a negative return on equity of 4.46%. The firm’s revenue for the quarter was up 26.9% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.10) earnings per share. On average, analysts expect Freshpet to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Shares of FRPT opened at $44.67 on Friday. Freshpet has a 12-month low of $28.44 and a 12-month high of $51.85. The company’s fifty day moving average is $45.67. The stock has a market capitalization of $1.60 billion, a price-to-earnings ratio of -297.80 and a beta of 1.11. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.08 and a quick ratio of 0.72.

In other Freshpet news, insider Scott James Morris sold 49,766 shares of the stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $47.79, for a total transaction of $2,378,317.14. Following the completion of the sale, the insider now directly owns 170,232 shares of the company’s stock, valued at $8,135,387.28. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Stephen Weise sold 5,000 shares of the company’s stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $47.50, for a total transaction of $237,500.00. Following the transaction, the executive vice president now owns 5,000 shares in the company, valued at approximately $237,500. The disclosure for this sale can be found here. Over the last three months, insiders have sold 174,104 shares of company stock valued at $8,335,030. Insiders own 5.10% of the company’s stock.

A number of research firms recently weighed in on FRPT. DA Davidson began 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. JPMorgan Chase & Co. began coverage on shares of Freshpet in a research note on Tuesday, July 30th. They issued a “neutral” rating and a $46.00 price objective for the company. Zacks Investment Research raised shares of Freshpet from a “hold” rating to a “buy” rating and set a $50.00 price objective for the company in a research note on Wednesday. SunTrust Banks lowered shares of Freshpet from a “buy” rating to a “hold” rating and set a $50.00 price objective for the company. in a research note on Tuesday, June 18th. They noted that the move was a valuation call. Finally, BidaskClub raised shares of Freshpet from a “sell” rating to a “hold” rating in a research note on Thursday. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $45.00.

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.

Further Reading: Fundamental Analysis

Earnings History for Freshpet (NASDAQ:FRPT)

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