Equities research analysts expect Freshpet Inc (NASDAQ:FRPT) to post earnings of ($0.07) per share for the current fiscal quarter, Zacks reports. Five analysts have provided estimates for Freshpet’s earnings, with the highest EPS estimate coming in at ($0.04) and the lowest estimate coming in at ($0.08). Freshpet reported earnings of ($0.09) per share in the same quarter last year, which indicates a positive year over year growth rate of 22.2%. The firm is expected to announce its next earnings report on Thursday, May 3rd.
On average, analysts expect that Freshpet will report full-year earnings of ($0.01) per share for the current fiscal year, with EPS estimates ranging from ($0.06) to $0.02. For the next year, analysts forecast that the business will post earnings of $0.22 per share, with EPS estimates ranging from $0.16 to $0.28. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that follow Freshpet.
Freshpet (NASDAQ:FRPT) last posted its quarterly earnings data on Monday, March 5th. The company reported $0.04 EPS for the quarter, missing the Zacks’ consensus estimate of $0.07 by ($0.03). Freshpet had a negative net margin of 2.73% and a negative return on equity of 3.85%. The company had revenue of $40.70 million for the quarter, compared to analyst estimates of $41.14 million. During the same quarter in the prior year, the business earned $0.04 EPS. Freshpet’s revenue was up 19.4% compared to the same quarter last year.
Freshpet (FRPT) traded up $0.45 during midday trading on Friday, hitting $18.30. 357,731 shares of the company were exchanged, compared to its average volume of 216,649. Freshpet has a fifty-two week low of $10.45 and a fifty-two week high of $20.85. The firm has a market capitalization of $632.50, a price-to-earnings ratio of -128.21 and a beta of 1.56.
A number of large investors have recently modified their holdings of FRPT. Gilder Gagnon Howe & Co. LLC boosted its holdings in Freshpet by 59.4% during the fourth quarter. Gilder Gagnon Howe & Co. LLC now owns 2,682,342 shares of the company’s stock worth $50,830,000 after buying an additional 999,832 shares in the last quarter. Public Employees Retirement Association of Colorado bought a new stake in Freshpet during the fourth quarter worth approximately $7,580,000. Uniplan Investment Counsel Inc. bought a new stake in Freshpet during the third quarter worth approximately $2,591,000. Next Century Growth Investors LLC bought a new stake in Freshpet during the fourth quarter worth approximately $1,776,000. Finally, JPMorgan Chase & Co. boosted its holdings in Freshpet by 7.4% during the third quarter. JPMorgan Chase & Co. now owns 1,062,292 shares of the company’s stock worth $16,573,000 after buying an additional 73,182 shares in the last quarter. Hedge funds and other institutional investors own 73.96% of the company’s stock.
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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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