Zacks: Analysts Expect Blue Buffalo Pet Products Inc (BUFF) to Announce $0.29 EPS

Wall Street brokerages predict that Blue Buffalo Pet Products Inc (NASDAQ:BUFF) will post earnings per share (EPS) of $0.29 for the current quarter, according to Zacks. Four analysts have provided estimates for Blue Buffalo Pet Products’ earnings. The lowest EPS estimate is $0.25 and the highest is $0.31. Blue Buffalo Pet Products reported earnings of $0.23 per share in the same quarter last year, which would indicate a positive year over year growth rate of 26.1%. The company is scheduled to announce its next quarterly earnings results on Tuesday, May 8th.

On average, analysts expect that Blue Buffalo Pet Products will report full-year earnings of $1.16 per share for the current financial year, with EPS estimates ranging from $1.02 to $1.25. For the next year, analysts expect that the business will post earnings of $1.39 per share, with EPS estimates ranging from $1.22 to $1.55. Zacks’ EPS averages are a mean average based on a survey of research analysts that that provide coverage for Blue Buffalo Pet Products.

Blue Buffalo Pet Products (NASDAQ:BUFF) last issued its earnings results on Friday, February 23rd. The company reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.06. Blue Buffalo Pet Products had a return on equity of 77.83% and a net margin of 15.18%. The firm had revenue of $336.96 million for the quarter, compared to the consensus estimate of $320.58 million. During the same quarter in the previous year, the company posted $0.18 earnings per share. The business’s quarterly revenue was up 14.2% compared to the same quarter last year.

BUFF has been the topic of a number of recent research reports. BidaskClub downgraded Blue Buffalo Pet Products from a “strong-buy” rating to a “buy” rating in a research note on Thursday, January 25th. Oppenheimer restated a “buy” rating and issued a $37.00 target price on shares of Blue Buffalo Pet Products in a research note on Wednesday, January 24th. Susquehanna Bancshares set a $41.00 target price on Blue Buffalo Pet Products and gave the company a “buy” rating in a research note on Friday, December 22nd. Deutsche Bank downgraded Blue Buffalo Pet Products from a “buy” rating to a “hold” rating and set a $34.00 target price on the stock. in a research note on Wednesday, December 13th. Finally, Wells Fargo & Co upgraded Blue Buffalo Pet Products to a “buy” rating and set a $36.00 target price on the stock in a research note on Friday, December 8th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the stock. Blue Buffalo Pet Products has an average rating of “Hold” and a consensus price target of $34.77.

In other news, insider William W. Bishop, Jr. sold 21,200 shares of the company’s stock in a transaction dated Thursday, December 28th. The stock was sold at an average price of $32.43, for a total transaction of $687,516.00. Following the completion of the sale, the insider now owns 629,650 shares in the company, valued at approximately $20,419,549.50. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Michael Nathenson sold 62,708 shares of the company’s stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $32.72, for a total value of $2,051,805.76. The disclosure for this sale can be found here. In the last quarter, insiders have sold 214,288 shares of company stock valued at $7,172,274. 7.70% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company boosted its stake in shares of Blue Buffalo Pet Products by 9.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 6,070 shares of the company’s stock worth $138,000 after acquiring an additional 533 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Blue Buffalo Pet Products by 44.4% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,388 shares of the company’s stock worth $177,000 after purchasing an additional 1,656 shares during the last quarter. Turner Investments LLC acquired a new position in shares of Blue Buffalo Pet Products during the 3rd quarter worth about $184,000. Envestnet Asset Management Inc. lifted its position in shares of Blue Buffalo Pet Products by 62.9% during the 3rd quarter. Envestnet Asset Management Inc. now owns 6,462 shares of the company’s stock worth $184,000 after purchasing an additional 2,494 shares during the last quarter. Finally, BB&T Securities LLC acquired a new position in shares of Blue Buffalo Pet Products during the 3rd quarter worth about $204,000. Institutional investors own 94.79% of the company’s stock.

Shares of Blue Buffalo Pet Products (NASDAQ:BUFF) traded up $0.01 during midday trading on Tuesday, reaching $39.86. The company’s stock had a trading volume of 3,324,598 shares, compared to its average volume of 3,610,000. The company has a quick ratio of 3.17, a current ratio of 3.74 and a debt-to-equity ratio of 1.30. Blue Buffalo Pet Products has a 1 year low of $21.51 and a 1 year high of $40.15. The stock has a market capitalization of $7,790.00 and a P/E ratio of 39.86.

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About Blue Buffalo Pet Products

Blue Buffalo Pet Products, Inc (BBPP) is a holding company. The Company operates as a pet food company. The Company, through its subsidiaries, develops, produces, markets and sells pet food under product lines, including BLUE Life Protection Formula, BLUE Wilderness, BLUE Basics, BLUE Freedom and BLUE Natural Veterinary Diet lines.

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Earnings History and Estimates for Blue Buffalo Pet Products (NASDAQ:BUFF)

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