Wall Street brokerages expect that Freshpet Inc (NASDAQ:FRPT) will announce $0.03 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for Freshpet’s earnings. The lowest EPS estimate is $0.02 and the highest is $0.06. Freshpet posted earnings per share of ($0.01) during the same quarter last year, which would indicate a positive year over year growth rate of 400%. The company is scheduled to announce its next earnings report on Monday, November 5th.

According to Zacks, 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 anticipate that the business 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 a mean average based on a survey of research analysts that follow Freshpet.

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

FRPT has been the subject of several recent research reports. Zacks Investment Research upgraded Freshpet from a “hold” rating to a “buy” rating and set a $32.00 price target for the company in a research note on Wednesday, July 18th. BidaskClub upgraded Freshpet from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, June 20th. Robert W. Baird boosted their price target on Freshpet from $27.00 to $35.00 and gave the company an “outperform” rating in a research note on Monday, July 30th. Credit Suisse Group boosted their price target on Freshpet from $20.00 to $23.00 and gave the company a “neutral” rating in a research note on Tuesday, June 19th. Finally, Stifel Nicolaus boosted their price target on Freshpet from $27.00 to $33.00 and gave the company a “buy” rating in a research note on Tuesday, August 7th. Five research analysts have rated the stock with a hold rating, three have issued a buy rating and two have issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $27.14.

Shares of FRPT stock traded down $0.90 during trading on Friday, hitting $36.40. The company had a trading volume of 393,652 shares, compared to its average volume of 263,176. The stock has a market cap of $1.32 billion, a P/E ratio of -303.33 and a beta of 1.82. Freshpet has a one year low of $14.10 and a one year high of $38.30.

In other Freshpet news, CFO Richard A. Kassar sold 15,000 shares of the company’s stock in a transaction on Thursday, August 9th. The stock was sold at an average price of $33.50, for a total transaction of $502,500.00. Following the completion of the sale, the chief financial officer now directly owns 203,231 shares in the company, valued at $6,808,238.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Scott James Morris sold 3,512 shares of the company’s stock in a transaction on Thursday, September 13th. The stock was sold at an average price of $37.75, for a total value of $132,578.00. Following the sale, the chief operating officer now owns 173,672 shares of the company’s stock, valued at $6,556,118. The disclosure for this sale can be found here. Insiders have sold 100,546 shares of company stock valued at $3,458,300 over the last 90 days. Corporate insiders own 5.10% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FRPT. FDx Advisors Inc. lifted its stake in Freshpet by 16.2% during the first quarter. FDx Advisors Inc. now owns 19,464 shares of the company’s stock worth $320,000 after purchasing an additional 2,709 shares during the last quarter. Trexquant Investment LP acquired a new position in shares of Freshpet during the first quarter worth $195,000. Quantitative Systematic Strategies LLC acquired a new position in shares of Freshpet during the first quarter worth $209,000. Schwab Charles Investment Management Inc. increased its holdings in shares of Freshpet by 14.9% during the first quarter. Schwab Charles Investment Management Inc. now owns 127,351 shares of the company’s stock worth $2,095,000 after buying an additional 16,490 shares in the last quarter. Finally, BlackRock Inc. increased its holdings in shares of Freshpet by 0.3% during the first quarter. BlackRock Inc. now owns 1,526,129 shares of the company’s stock worth $25,105,000 after buying an additional 4,854 shares in the last quarter. Hedge funds and other institutional investors own 74.96% of the company’s stock.

About Freshpet

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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