Brokerages forecast that Freshpet Inc (NASDAQ:FRPT) will post sales of $41.90 million for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for Freshpet’s earnings, with estimates ranging from $41.50 million to $42.61 million. Freshpet posted sales of $34.51 million during the same quarter last year, which suggests a positive year over year growth rate of 21.4%. The business is scheduled to issue its next earnings report on Thursday, May 3rd.
According to Zacks, analysts expect that Freshpet will report full year sales of $41.90 million for the current year, with estimates ranging from $184.82 million to $189.00 million. For the next year, analysts expect that the company will post sales of $223.14 million per share, with estimates ranging from $214.20 million to $232.50 million. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that follow 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 Thomson Reuters’ 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 during the quarter, compared to analysts’ expectations of $41.14 million. During the same quarter in the prior year, the company earned $0.04 earnings per share. The firm’s revenue was up 19.4% compared to the same quarter last year.
Shares of Freshpet (NASDAQ:FRPT) traded down $0.45 during trading hours on Friday, hitting $18.10. The stock had a trading volume of 276,022 shares, compared to its average volume of 300,755. Freshpet has a twelve month low of $9.30 and a twelve month high of $20.85. The stock has a market capitalization of $636.02, a P/E ratio of -129.28 and a beta of 1.56.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FRPT. Gilder Gagnon Howe & Co. LLC lifted its position 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 during the period. Public Employees Retirement Association of Colorado purchased a new position in Freshpet during the fourth quarter worth about $7,580,000. Uniplan Investment Counsel Inc. purchased a new position in Freshpet during the third quarter worth about $2,591,000. Next Century Growth Investors LLC acquired a new stake in Freshpet during the fourth quarter worth about $1,776,000. Finally, JPMorgan Chase & Co. increased its stake 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 acquiring an additional 73,182 shares during 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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