Analysts forecast that Freshpet Inc (NASDAQ:FRPT) will post ($0.07) earnings per share for the current quarter, Zacks Investment Research reports. Five analysts have issued estimates for Freshpet’s earnings, with estimates ranging from ($0.08) to ($0.04). Freshpet posted earnings per share of ($0.09) during the same quarter last year, which suggests a positive year-over-year growth rate of 22.2%. The business is expected to report its next earnings results on Thursday, May 3rd.
On average, analysts expect that Freshpet will report full year earnings of ($0.01) per share for the current financial year, with EPS estimates ranging from ($0.06) to $0.02. For the next year, analysts anticipate that the business will post earnings of $0.22 per share, with EPS estimates ranging from $0.16 to $0.28. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that cover Freshpet.
Freshpet (NASDAQ:FRPT) last issued its quarterly earnings data on Monday, March 5th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.07 by ($0.03). The firm had revenue of $40.70 million for the quarter, compared to analyst estimates of $41.14 million. Freshpet had a negative net margin of 2.73% and a negative return on equity of 3.85%. The firm’s revenue for the quarter was up 19.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.04 EPS.
Shares of Freshpet (FRPT) traded up $0.45 during midday trading on Friday, reaching $18.30. 357,731 shares of the company were exchanged, compared to its average volume of 216,649. The firm has a market capitalization of $632.50, a PE ratio of -128.21 and a beta of 1.56. Freshpet has a 52-week low of $10.45 and a 52-week high of $20.85.
Institutional investors have recently added to or reduced their stakes in the company. Voya Investment Management LLC acquired a new position in shares of Freshpet in the second quarter valued at approximately $188,000. Virtu Financial LLC acquired a new position in shares of Freshpet in the fourth quarter valued at approximately $246,000. Brighton Jones LLC acquired a new position in shares of Freshpet in the third quarter valued at approximately $232,000. Tokio Marine Asset Management Co. Ltd. acquired a new position in shares of Freshpet in the fourth quarter valued at approximately $311,000. Finally, California Public Employees Retirement System acquired a new position in shares of Freshpet in the fourth quarter valued at approximately $357,000. Institutional investors own 73.96% of the company’s stock.
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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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