Analysts Anticipate Freshpet (FRPT) to Post -$0.07 Earnings Per Share

Analysts expect Freshpet (NASDAQ:FRPT) to report earnings of ($0.07) per share for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for Freshpet’s earnings, with estimates ranging from ($0.08) to ($0.06). 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 scheduled to report its next earnings report on Thursday, May 3rd.

According to Zacks, analysts expect that Freshpet will report full year earnings of ($0.01) per share for the current year, with EPS estimates ranging from ($0.06) to $0.02. For the next financial year, analysts anticipate that the company will post earnings of $0.22 per share, with EPS estimates ranging from $0.16 to $0.28. Zacks’ EPS averages are a mean average based on a survey of sell-side analysts that follow Freshpet.

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Freshpet (NASDAQ:FRPT) last issued its quarterly earnings results on Monday, March 5th. The company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates 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 business had revenue of $40.70 million during the quarter, compared to analysts’ expectations of $41.14 million. During the same period in the prior year, the company posted $0.04 EPS. The company’s revenue for the quarter was up 19.4% on a year-over-year basis.



A number of research analysts have commented on FRPT shares. Stifel Nicolaus reaffirmed a “buy” rating on shares of Freshpet in a report on Friday, December 15th. SunTrust Banks reaffirmed a “buy” rating and set a $23.00 target price on shares of Freshpet in a report on Tuesday, March 6th. BidaskClub raised Freshpet from a “hold” rating to a “buy” rating in a report on Friday, December 22nd. Robert W. Baird reaffirmed a “buy” rating and set a $22.00 target price on shares of Freshpet in a report on Wednesday, January 3rd. Finally, ValuEngine downgraded Freshpet from a “buy” rating to a “hold” rating in a report on Friday, March 23rd. Two analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $19.71.

NASDAQ:FRPT traded down $0.50 during trading hours on Monday, reaching $15.95. 204,089 shares of the stock were exchanged, compared to its average volume of 223,956. Freshpet has a 52 week low of $10.55 and a 52 week high of $20.85. The company has a market cap of $578.03, a PE ratio of -132.92 and a beta of 1.69.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. State Street Corp lifted its holdings in shares of Freshpet by 18.1% in the 2nd quarter. State Street Corp now owns 385,641 shares of the company’s stock worth $6,401,000 after purchasing an additional 58,972 shares during the last quarter. Uniplan Investment Counsel Inc. bought a new stake in shares of Freshpet in the 3rd quarter worth approximately $2,591,000. Lisanti Capital Growth LLC lifted its holdings in shares of Freshpet by 36.5% in the 4th quarter. Lisanti Capital Growth LLC now owns 175,540 shares of the company’s stock worth $3,326,000 after purchasing an additional 46,910 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Freshpet by 4.3% in the 3rd quarter. Bank of New York Mellon Corp now owns 625,759 shares of the company’s stock worth $9,793,000 after purchasing an additional 25,805 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Freshpet by 7.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,062,292 shares of the company’s stock worth $16,573,000 after purchasing an additional 73,182 shares during the last quarter. 73.37% of the stock is currently owned by institutional investors and hedge funds.

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Freshpet Company Profile

Freshpet, Inc manufactures and markets natural fresh products, refrigerated meals, and treats for dogs and cats in the United States, Canada, and the United Kingdom. The company sells its products under the Freshpet brand; and Dognation and Dog Joy labels through various classes of retail, including grocery, mass, club, pet specialty, and natural, as well as online.

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Earnings History and Estimates for Freshpet (NASDAQ:FRPT)

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