Freshpet Inc (NASDAQ:FRPT) Expected to Post Earnings of $0.17 Per Share

Analysts forecast that Freshpet Inc (NASDAQ:FRPT) will report earnings per share (EPS) of $0.17 for the current quarter, Zacks reports. Six analysts have issued estimates for Freshpet’s earnings, with estimates ranging from $0.13 to $0.21. Freshpet reported earnings per share of $0.05 in the same quarter last year, which would suggest a positive year-over-year growth rate of 240%. The company is scheduled to issue its next earnings results on Tuesday, February 25th.

On average, analysts expect that Freshpet will report full year earnings of $0.02 per share for the current year, with EPS estimates ranging from ($0.03) to $0.06. For the next financial year, analysts forecast that the company will report earnings of $0.55 per share, with EPS estimates ranging from $0.45 to $0.71. Zacks’ EPS calculations are a mean average based on a survey of research firms that cover Freshpet.

Freshpet (NASDAQ:FRPT) last announced its quarterly earnings results on Monday, November 4th. The company reported $0.08 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by ($0.02). The business had revenue of $65.27 million during the quarter, compared to the consensus estimate of $64.37 million. Freshpet had a negative net margin of 1.84% and a negative return on equity of 3.52%. Freshpet’s revenue was up 28.5% on a year-over-year basis.

FRPT has been the subject of several recent research reports. Stifel Nicolaus set a $57.00 price target on shares of Freshpet and gave the stock a “buy” rating in a research report on Friday, September 13th. BidaskClub raised Freshpet from a “hold” rating to a “buy” rating in a report on Saturday, October 26th. William Blair reaffirmed a “buy” rating on shares of Freshpet in a report on Thursday, November 21st. Robert W. Baird upped their price objective on Freshpet from $50.00 to $60.00 and gave the company an “outperform” rating in a research note on Thursday, October 31st. Finally, Imperial Capital increased their target price on Freshpet from $40.00 to $55.00 and gave the stock an “inline” rating in a report on Friday. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Freshpet currently has an average rating of “Buy” and a consensus price target of $53.88.

In related news, CFO Richard A. Kassar sold 10,000 shares of the stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $55.50, for a total transaction of $555,000.00. Following the sale, the chief financial officer now directly owns 159,994 shares in the company, valued at approximately $8,879,667. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Stephen Macchiaverna sold 4,966 shares of the firm’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $54.50, for a total value of $270,647.00. Following the sale, the vice president now directly owns 86,603 shares of the company’s stock, valued at $4,719,863.50. The disclosure for this sale can be found here. Insiders have sold a total of 24,964 shares of company stock valued at $1,371,916 over the last three months. 4.90% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently modified their holdings of the business. Invesco Ltd. raised its holdings in shares of Freshpet by 254.8% in the second quarter. Invesco Ltd. now owns 887,629 shares of the company’s stock valued at $40,396,000 after buying an additional 637,442 shares during the last quarter. Eagle Asset Management Inc. acquired a new stake in Freshpet in the 2nd quarter valued at about $26,907,000. Carillon Tower Advisers Inc. bought a new position in shares of Freshpet in the second quarter worth about $24,958,000. BlackRock Inc. raised its stake in shares of Freshpet by 19.4% in the second quarter. BlackRock Inc. now owns 2,288,433 shares of the company’s stock worth $104,147,000 after acquiring an additional 372,151 shares during the last quarter. Finally, Voya Investment Management LLC raised its stake in shares of Freshpet by 3,162.3% in the third quarter. Voya Investment Management LLC now owns 377,453 shares of the company’s stock worth $18,786,000 after acquiring an additional 365,883 shares during the last quarter.

NASDAQ FRPT opened at $56.71 on Friday. The stock has a market cap of $2.05 billion, a P/E ratio of -378.07 and a beta of 1.06. The company’s 50-day simple moving average is $53.02 and its 200 day simple moving average is $48.03. Freshpet has a twelve month low of $28.44 and a twelve month high of $58.11. The company has a quick ratio of 1.02, a current ratio of 1.36 and a debt-to-equity ratio of 0.36.

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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