Equities research analysts expect Freshpet Inc (NASDAQ:FRPT) to report earnings of $0.03 per share for the current quarter, according to Zacks. Five analysts have made estimates for Freshpet’s earnings, with the lowest EPS estimate coming in at $0.02 and the highest estimate coming in at $0.06. Freshpet posted earnings per share of ($0.01) during the same quarter last year, which indicates a positive year-over-year growth rate of 400%. The business is expected to issue its next quarterly earnings results on Monday, November 5th.

On average, analysts expect that Freshpet will report full-year earnings of ($0.05) per share for the current year, with EPS estimates ranging from ($0.08) to ($0.02). For the next financial year, analysts expect that the company will report earnings of $0.23 per share, with EPS estimates ranging from $0.16 to $0.28. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that that provide coverage for Freshpet.

Freshpet (NASDAQ:FRPT) last issued its quarterly earnings results on Monday, August 6th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.07) by ($0.03). The firm had revenue of $47.60 million during the quarter, compared to analyst estimates of $46.08 million. Freshpet had a negative return on equity of 5.05% and a negative net margin of 3.33%. The business’s revenue was up 23.0% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.08) earnings per share.

A number of equities analysts have weighed in on the company. Zacks Investment Research raised Freshpet from a “hold” rating to a “buy” rating and set a $32.00 price objective on the stock in a research note on Wednesday, July 18th. Credit Suisse Group boosted their price objective on Freshpet from $20.00 to $23.00 and gave the stock a “neutral” rating in a research note on Tuesday, June 19th. BidaskClub raised Freshpet from a “sell” rating to a “hold” rating in a research note on Friday, May 18th. ValuEngine raised Freshpet from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, May 2nd. Finally, Susquehanna Bancshares set a $17.00 price objective on Freshpet and gave the stock a “hold” rating in a research note on Tuesday, May 8th. Five investment analysts have rated the stock with a hold rating, three have issued a buy rating and two have given a strong buy rating to the company. Freshpet has a consensus rating of “Buy” and an average target price of $27.14.

Shares of NASDAQ:FRPT traded down $0.05 during trading on Friday, reaching $34.30. The stock had a trading volume of 228,660 shares, compared to its average volume of 260,609. The firm has a market capitalization of $1.18 billion, a PE ratio of -285.83 and a beta of 1.69. Freshpet has a 1-year low of $14.10 and a 1-year high of $35.05.

In other news, insider Scott James Morris sold 2,500 shares of the company’s stock in a transaction on Wednesday, May 23rd. The stock was sold at an average price of $22.00, for a total value of $55,000.00. Following the transaction, the insider now owns 195,298 shares of the company’s stock, valued at approximately $4,296,556. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Stephen Macchiaverna sold 5,000 shares of the company’s stock in a transaction on Thursday, August 9th. The shares were sold at an average price of $33.00, for a total value of $165,000.00. Following the completion of the transaction, the vice president now directly owns 77,938 shares in the company, valued at approximately $2,571,954. The disclosure for this sale can be found here. Insiders have sold 72,978 shares of company stock worth $2,155,202 in the last three months. 6.80% of the stock is currently owned by corporate insiders.

Several institutional investors have recently made changes to their positions in FRPT. BlackRock Inc. raised its holdings in shares of Freshpet by 4.9% in the 4th quarter. BlackRock Inc. now owns 1,521,275 shares of the company’s stock valued at $28,827,000 after buying an additional 71,368 shares during the period. Geode Capital Management LLC raised its holdings in shares of Freshpet by 6.3% in the 4th quarter. Geode Capital Management LLC now owns 204,825 shares of the company’s stock valued at $3,881,000 after buying an additional 12,155 shares during the period. Deutsche Bank AG raised its holdings in shares of Freshpet by 98.0% in the 4th quarter. Deutsche Bank AG now owns 60,247 shares of the company’s stock valued at $1,140,000 after buying an additional 29,824 shares during the period. Two Sigma Advisers LP raised its holdings in shares of Freshpet by 234.0% in the 4th quarter. Two Sigma Advisers LP now owns 47,100 shares of the company’s stock valued at $893,000 after buying an additional 33,000 shares during the period. Finally, Wasatch Advisors Inc. raised its holdings in shares of Freshpet by 11.4% in the 1st quarter. Wasatch Advisors Inc. now owns 912,675 shares of the company’s stock valued at $15,014,000 after buying an additional 93,161 shares during the period. 75.73% of the stock is currently owned by institutional investors and hedge funds.

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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