Freshpet (NASDAQ:FRPT) will issue its quarterly earnings data after the market closes on Monday, November 5th. Analysts expect the company to announce earnings of $0.03 per share for the quarter.
Freshpet (NASDAQ:FRPT) last posted its earnings results on Monday, August 6th. The company reported ($0.10) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.07) by ($0.03). The business had revenue of $47.60 million during the quarter, compared to the consensus estimate of $46.08 million. Freshpet had a negative net margin of 3.33% and a negative return on equity of 5.05%. The business’s revenue was up 23.0% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.08) EPS. On average, analysts expect Freshpet to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
NASDAQ FRPT opened at $36.05 on Friday. The stock has a market capitalization of $1.39 billion, a P/E ratio of -300.42 and a beta of 1.83. Freshpet has a twelve month low of $15.30 and a twelve month high of $40.58.
FRPT has been the topic of a number of analyst reports. BidaskClub raised shares of Freshpet from a “buy” rating to a “strong-buy” rating in a research note on Friday, October 12th. Zacks Investment Research raised shares of Freshpet from a “hold” rating to a “buy” rating and set a $32.00 target price on the stock in a research note on Wednesday, July 18th. Robert W. Baird upped their target price on shares of 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 upped their target price on shares of Freshpet from $23.00 to $26.00 and gave the company a “neutral” rating in a research note on Tuesday, August 7th. Finally, Stifel Nicolaus upped their target price on shares of Freshpet from $27.00 to $33.00 and gave the company a “buy” rating in a research note on Tuesday, August 7th. Five analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. Freshpet presently has a consensus rating of “Buy” and a consensus target price of $27.14.
In other Freshpet news, VP Stephen Macchiaverna sold 5,000 shares of the business’s stock in a transaction dated Thursday, August 9th. The shares were sold at an average price of $33.00, for a total value of $165,000.00. Following the transaction, the vice president now directly owns 77,938 shares in the company, valued at $2,571,954. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, COO Scott James Morris sold 3,512 shares of the business’s stock in a transaction dated Thursday, September 13th. The shares were sold at an average price of $37.75, for a total transaction of $132,578.00. Following the completion of the transaction, the chief operating officer now owns 173,672 shares in the company, valued at $6,556,118. The disclosure for this sale can be found here. In the last three months, insiders sold 100,546 shares of company stock worth $3,458,300. 5.10% of the stock is currently owned by insiders.
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.
See Also: Retained Earnings
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