Freshpet (NASDAQ:FRPT) announced its quarterly earnings results on Sunday. The company reported ($0.08) EPS for the quarter, missing the Zacks’ consensus estimate of $0.09 by ($0.17), MarketWatch Earnings reports. The company had revenue of $84.52 million during the quarter, compared to analysts’ expectations of $84.59 million. Freshpet had a return on equity of 1.49% and a net margin of 1.60%. Freshpet’s revenue for the quarter was up 28.5% on a year-over-year basis. During the same period last year, the firm earned $0.12 earnings per share.
FRPT stock traded down $9.98 during midday trading on Tuesday, hitting $139.35. The stock had a trading volume of 31,428 shares, compared to its average volume of 258,216. The firm has a market cap of $5.66 billion, a price-to-earnings ratio of 1,278.30, a price-to-earnings-growth ratio of 5.40 and a beta of 0.85. The business has a 50-day moving average of $151.99 and a two-hundred day moving average of $129.14. Freshpet has a 52-week low of $40.79 and a 52-week high of $173.52.
In other Freshpet news, Director Daryl G. Brewster sold 16,053 shares of the business’s stock in a transaction on Tuesday, December 8th. The stock was sold at an average price of $136.76, for a total value of $2,195,408.28. Following the sale, the director now directly owns 58,132 shares of the company’s stock, valued at $7,950,132.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 4.50% of the stock is owned by corporate insiders.
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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