Wall Street analysts expect Freshpet Inc (NASDAQ:FRPT) to report earnings per share (EPS) of ($0.07) for the current fiscal quarter, Zacks reports. Five analysts have provided estimates for Freshpet’s earnings, with the lowest EPS estimate coming in at ($0.10) and the highest estimate coming in at ($0.05). Freshpet posted earnings per share of ($0.10) in the same quarter last year, which would indicate a positive year over year growth rate of 30%. The company is scheduled to report its next quarterly earnings results on Monday, August 5th.

According to Zacks, analysts expect that Freshpet will report full year earnings of $0.08 per share for the current year, with EPS estimates ranging from ($0.01) to $0.14. For the next fiscal year, analysts anticipate that the firm will report earnings of $0.58 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 sell-side research analysts that follow Freshpet.

Freshpet (NASDAQ:FRPT) last posted its quarterly earnings data on Monday, May 6th. The company reported ($0.10) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.09) by ($0.01). Freshpet had a negative return on equity of 4.46% and a negative net margin of 2.57%. The firm had revenue of $54.80 million for the quarter, compared to analysts’ expectations of $54.28 million. During the same quarter last year, the firm posted ($0.10) earnings per share. Freshpet’s quarterly revenue was up 26.9% on a year-over-year basis.

Several equities research analysts have commented on the company. Credit Suisse Group set a $36.00 price objective on Freshpet and gave the stock a “neutral” rating in a research note on Tuesday, March 5th. BidaskClub upgraded Freshpet from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, April 30th. Zacks Investment Research upgraded Freshpet from a “strong sell” rating to a “hold” rating and set a $51.00 price target for the company in a research report on Monday, May 6th. Finally, TheStreet lowered Freshpet from a “b” rating to a “c” rating in a research report on Monday, April 1st. Three equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Freshpet has a consensus rating of “Buy” and an average target price of $40.00.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FRPT. Advisor Group Inc. increased its position in shares of Freshpet by 1,008.8% during the first quarter. Advisor Group Inc. now owns 632 shares of the company’s stock worth $26,000 after acquiring an additional 575 shares during the period. Great West Life Assurance Co. Can bought a new stake in Freshpet in the 4th quarter valued at $58,000. NumerixS Investment Technologies Inc bought a new stake in Freshpet in the 1st quarter valued at $120,000. We Are One Seven LLC bought a new stake in Freshpet in the 4th quarter valued at $103,000. Finally, SG Americas Securities LLC bought a new stake in Freshpet in the 1st quarter valued at $140,000. Hedge funds and other institutional investors own 75.29% of the company’s stock.

NASDAQ:FRPT traded up $0.56 during trading hours on Wednesday, hitting $46.86. 2,091 shares of the stock were exchanged, compared to its average volume of 220,599. Freshpet has a 52-week low of $20.42 and a 52-week high of $47.60. The company has a current ratio of 1.08, a quick ratio of 0.72 and a debt-to-equity ratio of 0.07. The firm has a market cap of $1.61 billion, a P/E ratio of -312.67 and a beta of 1.34.

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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