Freshpet (NASDAQ:FRPT – Get Free Report) announced its earnings results on Monday. The company reported ($0.03) earnings per share for the quarter, beating the consensus estimate of ($0.09) by $0.06, Briefing.com reports. Freshpet had a return on equity of 0.20% and a net margin of 1.19%. The firm had revenue of $235.30 million during the quarter, compared to the consensus estimate of $230.99 million. During the same quarter in the prior year, the company earned ($0.35) EPS. The firm’s revenue for the quarter was up 28.4% compared to the same quarter last year. Freshpet updated its FY 2024 guidance to EPS.
Freshpet Price Performance
FRPT traded up $1.20 during trading on Wednesday, hitting $128.26. 1,641,737 shares of the stock traded hands, compared to its average volume of 618,679. Freshpet has a twelve month low of $54.60 and a twelve month high of $136.35. The company has a market cap of $6.21 billion, a price-to-earnings ratio of 712.56 and a beta of 1.36. The company has a debt-to-equity ratio of 0.43, a current ratio of 4.97 and a quick ratio of 4.09. The business has a 50 day moving average price of $126.49 and a 200 day moving average price of $113.78.
Insider Buying and Selling at Freshpet
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 transaction of $792,780.00. Following the completion of the transaction, the executive vice president now directly owns 86,039 shares in the company, valued at $11,368,333.07. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 3.60% of the company’s stock.
Analyst Ratings Changes
View Our Latest Stock Report on FRPT
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.
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