Zacks: Analysts Anticipate Freshpet Inc (FRPT) Will Post Earnings of $0.06 Per Share
Equities research analysts forecast that Freshpet Inc (NASDAQ:FRPT) will announce earnings per share (EPS) of $0.06 for the current fiscal quarter, Zacks Investment Research reports. Six analysts have provided estimates for Freshpet’s earnings, with the lowest EPS estimate coming in at $0.02 and the highest estimate coming in at $0.11. Freshpet posted earnings of $0.04 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 50%. The firm is expected to issue its next earnings results on Thursday, March 8th.
On average, analysts expect that Freshpet will report full-year earnings of ($0.11) per share for the current year, with EPS estimates ranging from ($0.15) to ($0.05). For the next financial year, analysts anticipate that the company will post earnings of $0.06 per share, with EPS estimates ranging from ($0.02) to $0.22. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that that provide coverage for Freshpet.
Freshpet (NASDAQ:FRPT) last posted its quarterly earnings results on Monday, November 6th. The company reported ($0.01) EPS for the quarter, meeting the consensus estimate of ($0.01). Freshpet had a negative return on equity of 4.19% and a negative net margin of 3.04%. The firm had revenue of $41.20 million during the quarter, compared to analysts’ expectations of $41.19 million. During the same quarter last year, the firm earned $0.02 earnings per share. The business’s revenue for the quarter was up 19.4% on a year-over-year basis.
In related news, CFO Richard A. Kassar sold 10,000 shares of the stock in a transaction that occurred on Thursday, December 7th. The stock was sold at an average price of $18.93, for a total value of $189,300.00. Following the completion of the transaction, the chief financial officer now directly owns 209,994 shares in the company, valued at $3,975,186.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Richard A. Kassar sold 15,125 shares of the stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $17.92, for a total value of $271,040.00. The disclosure for this sale can be found here. Insiders sold 76,319 shares of company stock valued at $1,339,555 over the last quarter. 6.80% of the stock is currently owned by company insiders.
A number of institutional investors have recently modified their holdings of the stock. Gilder Gagnon Howe & Co. LLC boosted its position in shares of Freshpet by 117.1% during the third quarter. Gilder Gagnon Howe & Co. LLC now owns 1,682,510 shares of the company’s stock worth $26,331,000 after buying an additional 907,644 shares during the period. Lord Abbett & CO. LLC purchased a new position in shares of Freshpet during the second quarter worth $7,470,000. Emerald Mutual Fund Advisers Trust boosted its position in shares of Freshpet by 60.4% during the third quarter. Emerald Mutual Fund Advisers Trust now owns 676,608 shares of the company’s stock worth $10,589,000 after buying an additional 254,789 shares during the period. Summit Partners Public Asset Management LLC purchased a new position in shares of Freshpet during the second quarter worth $4,150,000. Finally, Alliancebernstein L.P. boosted its position in shares of Freshpet by 10.2% during the second quarter. Alliancebernstein L.P. now owns 2,537,586 shares of the company’s stock worth $42,124,000 after buying an additional 233,847 shares during the period. Institutional investors own 69.77% of the company’s stock.
Freshpet (NASDAQ:FRPT) traded down $0.10 during trading hours on Thursday, hitting $18.95. The company had a trading volume of 121,516 shares, compared to its average volume of 195,898. Freshpet has a 12-month low of $9.25 and a 12-month high of $19.40.
Freshpet, Inc is a manufacturer of fresh, refrigerated pet food distributed across North America. The Company operates in the segment of manufacturing, marketing and distribution of pet food and pet treats for dogs and cats. The Company’s products consist of dog food, cat food, and dog and cat treats.
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