Equities research analysts expect that Freshpet Inc (NASDAQ:FRPT) will announce sales of $41.04 million for the current quarter, according to Zacks Investment Research. Six analysts have made estimates for Freshpet’s earnings. The lowest sales estimate is $40.68 million and the highest is $41.80 million. Freshpet reported sales of $34.06 million during the same quarter last year, which indicates a positive year over year growth rate of 20.5%. The company is scheduled to report its next earnings report on Thursday, March 8th.
On average, analysts expect that Freshpet will report full-year sales of $41.04 million for the current year, with estimates ranging from $156.36 million to $157.50 million. For the next year, analysts forecast that the firm will report sales of $184.89 million per share, with estimates ranging from $179.50 million to $188.50 million. Zacks’ sales calculations are a mean average based on a survey of analysts that cover Freshpet.
Freshpet (NASDAQ:FRPT) last issued its quarterly earnings data on Monday, November 6th. The company reported ($0.01) earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.01). Freshpet had a negative net margin of 3.04% and a negative return on equity of 4.19%. The firm had revenue of $41.20 million for the quarter, compared to analysts’ expectations of $41.19 million. During the same quarter in the prior year, the business earned $0.02 EPS. The business’s quarterly revenue was up 19.4% on a year-over-year basis.
In other Freshpet news, CFO Richard A. Kassar sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 7th. The shares were sold at an average price of $18.93, for a total transaction of $189,300.00. Following the sale, the chief financial officer now owns 209,994 shares in the company, valued at approximately $3,975,186.42. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Scott James Morris sold 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $18.71, for a total transaction of $46,775.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 68,218 shares of company stock worth $1,211,499. 6.80% of the stock is owned by company insiders.
Several institutional investors have recently added to or reduced their stakes in FRPT. Gilder Gagnon Howe & Co. LLC raised its position in shares of Freshpet by 59.4% during the fourth quarter. Gilder Gagnon Howe & Co. LLC now owns 2,682,342 shares of the company’s stock valued at $50,830,000 after buying an additional 999,832 shares during the last quarter. Lord Abbett & CO. LLC purchased a new position in shares of Freshpet in the second quarter valued at $7,470,000. Public Employees Retirement Association of Colorado purchased a new position in shares of Freshpet in the fourth quarter valued at $7,580,000. Emerald Mutual Fund Advisers Trust grew its holdings in shares of Freshpet by 60.4% in the third quarter. Emerald Mutual Fund Advisers Trust now owns 676,608 shares of the company’s stock valued at $10,589,000 after purchasing an additional 254,789 shares in the last quarter. Finally, Emerald Advisers Inc. PA grew its holdings in shares of Freshpet by 27.1% in the third quarter. Emerald Advisers Inc. PA now owns 860,124 shares of the company’s stock valued at $13,461,000 after purchasing an additional 183,620 shares in the last quarter. Hedge funds and other institutional investors own 69.61% of the company’s stock.
Freshpet (NASDAQ FRPT) opened at $18.15 on Monday. Freshpet has a one year low of $9.25 and a one year high of $20.50.
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Freshpet Company Profile
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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