Blue Buffalo Pet Products, Inc. (BUFF) Updates FY17 Earnings Guidance
Blue Buffalo Pet Products, Inc. (NASDAQ:BUFF) issued an update on its FY17 earnings guidance on Tuesday morning. The company provided earnings per share guidance of $0.91-$0.94 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.92. The company issued revenue guidance of $1.24-$1.27 billion, compared to the consensus revenue estimate of $1.24 billion.
Blue Buffalo Pet Products, Inc. (NASDAQ BUFF) traded down 1.23% during trading on Tuesday, reaching $21.71. 2,489,214 shares of the company traded hands. Blue Buffalo Pet Products, Inc. has a 52 week low of $21.55 and a 52 week high of $27.50. The firm has a 50-day moving average price of $22.72 and a 200-day moving average price of $23.80. The company has a market capitalization of $4.27 billion, a P/E ratio of 31.93 and a beta of 1.95.
Blue Buffalo Pet Products (NASDAQ:BUFF) last posted its quarterly earnings data on Tuesday, May 9th. The company reported $0.23 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.01. The company had revenue of $302 million during the quarter, compared to analysts’ expectations of $300.27 million. Blue Buffalo Pet Products had a net margin of 11.69% and a return on equity of 122.62%. The firm’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.19 earnings per share. Analysts forecast that Blue Buffalo Pet Products, Inc. will post $0.92 earnings per share for the current fiscal year.
BUFF has been the subject of a number of research analyst reports. Citigroup Inc. upgraded shares of Blue Buffalo Pet Products from a buy rating to a top pick rating in a research report on Tuesday, April 18th. Off Wall Street initiated coverage on shares of Blue Buffalo Pet Products in a research report on Wednesday, June 21st. They set a sell rating for the company. J P Morgan Chase & Co restated an overweight rating and set a $25.00 price objective (down from $28.00) on shares of Blue Buffalo Pet Products in a research report on Wednesday, June 28th. Susquehanna Bancshares Inc reiterated a positive rating on shares of Blue Buffalo Pet Products in a research report on Thursday, April 20th. Finally, Zacks Investment Research cut shares of Blue Buffalo Pet Products from a buy rating to a hold rating in a research report on Thursday, May 11th. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. Blue Buffalo Pet Products presently has a consensus rating of Hold and an average price target of $27.91.
Blue Buffalo Pet Products Company Profile
Blue Buffalo Pet Products, Inc (BBPP) is a holding company. The Company operates as a pet food company. The Company, through its subsidiaries, develops, produces, markets and sells pet food under product lines, including BLUE Life Protection Formula, BLUE Wilderness, BLUE Basics, BLUE Freedom and BLUE Natural Veterinary Diet lines.
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