Freshpet (FRPT) to Release Quarterly Earnings on Monday

Freshpet (NASDAQ:FRPT) is scheduled to issue its quarterly earnings data before the market opens on Monday, August 5th. Analysts expect the company to announce earnings of ($0.06) per share for the quarter. Freshpet has set its FY 2024 guidance at EPS.Parties that are interested in participating in the company’s conference call can do so using this link.

Freshpet (NASDAQ:FRPT) last announced its earnings results on Monday, May 6th. The company reported $0.21 EPS for the quarter, beating analysts’ consensus estimates of ($0.22) by $0.43. Freshpet had a net margin of 1.19% and a return on equity of 0.20%. The business had revenue of $223.85 million during the quarter, compared to analysts’ expectations of $216.43 million. On average, analysts expect Freshpet to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Freshpet Stock Down 1.2 %

Shares of FRPT stock opened at $122.10 on Friday. Freshpet has a 12 month low of $54.60 and a 12 month high of $136.35. The stock has a market cap of $5.91 billion, a P/E ratio of 678.37 and a beta of 1.36. The company has a current ratio of 4.97, a quick ratio of 4.09 and a debt-to-equity ratio of 0.43. The company has a 50 day simple moving average of $126.77 and a two-hundred day simple moving average of $112.84.

Insiders Place Their Bets

In other news, EVP Stephen Macchiaverna sold 6,000 shares of the company’s stock in a transaction on Wednesday, June 5th. The shares were sold at an average price of $132.13, for a total value of $792,780.00. Following the sale, the executive vice president now directly owns 86,039 shares of the company’s stock, valued at approximately $11,368,333.07. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last quarter, insiders have sold 13,560 shares of company stock valued at $1,701,580. Insiders own 3.60% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft began coverage on shares of Freshpet in a research report on Thursday, May 23rd. They set a “buy” rating and a $150.00 price objective for the company. Robert W. Baird increased their price objective on shares of Freshpet from $125.00 to $135.00 and gave the company an “outperform” rating in a research report on Tuesday, May 7th. Piper Sandler reiterated an “overweight” rating and set a $150.00 price objective on shares of Freshpet in a research report on Tuesday, July 2nd. Citigroup increased their price objective on shares of Freshpet from $124.00 to $129.00 and gave the company a “neutral” rating in a research report on Wednesday, July 17th. Finally, Redburn Atlantic raised shares of Freshpet from a “neutral” rating to a “buy” rating and set a $168.00 target price on the stock in a research note on Thursday, May 23rd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $133.76.

Freshpet Company Profile

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.