Freshpet (FRPT) Set to Announce Quarterly Earnings on Monday

Freshpet (NASDAQ:FRPT) will be posting its quarterly earnings results before the market opens on Monday, November 4th. Analysts expect Freshpet to post earnings of $0.16 per share for the quarter. Freshpet has set its FY 2024 guidance at EPS.Parties interested in participating in the company’s conference call can do so using this link.

Freshpet (NASDAQ:FRPT) last released its earnings results on Monday, August 5th. The company reported ($0.03) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.09) by $0.06. Freshpet had a return on equity of 1.78% and a net margin of 2.86%. The firm had revenue of $235.30 million during the quarter, compared to analysts’ expectations of $230.99 million. During the same quarter last year, the business posted ($0.35) earnings per share. The firm’s revenue was up 28.4% on a year-over-year basis. On average, analysts expect Freshpet to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Freshpet Trading Up 0.9 %

FRPT stock opened at $133.69 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 4.50 and a quick ratio of 3.69. Freshpet has a 1-year low of $57.11 and a 1-year high of $145.68. The business has a 50 day simple moving average of $137.58 and a two-hundred day simple moving average of $128.64. The company has a market capitalization of $6.48 billion, a price-to-earnings ratio of 267.38 and a beta of 1.39.

Insider Activity at Freshpet

In other Freshpet news, EVP Stephen Macchiaverna sold 2,178 shares of the company’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $140.01, for a total value of $304,941.78. Following the transaction, the executive vice president now directly owns 86,039 shares in the company, valued at $12,046,320.39. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.70% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. TD Cowen raised their target price on shares of Freshpet from $143.00 to $160.00 and gave the company a “buy” rating in a research note on Wednesday, September 4th. Truist Financial raised their price objective on Freshpet from $135.00 to $160.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. Citigroup boosted their target price on Freshpet from $124.00 to $129.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 17th. JPMorgan Chase & Co. increased their price target on Freshpet from $113.00 to $126.00 and gave the company a “neutral” rating in a research note on Tuesday, August 6th. Finally, Benchmark reaffirmed a “buy” rating and issued a $150.00 price objective on shares of Freshpet in a research note on Friday. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $145.87.

About Freshpet

Freshpet, Inc, together with its subsidiaries, manufactures, distributes, and markets natural fresh meals and treats for dogs and cats in the United States, Canada, and Europe. It sells dog food, cat food, and dog treats under the Freshpet brand name; and Dognation and Dog Joy labels through various classes of retail, including grocery, mass, club, pet specialty, and natural, as well as online.