$0.21 Earnings Per Share Expected for Blue Buffalo Pet Products, Inc. (BUFF) This Quarter

Wall Street analysts expect Blue Buffalo Pet Products, Inc. (NASDAQ:BUFF) to report $0.21 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Five analysts have issued estimates for Blue Buffalo Pet Products’ earnings, with the lowest EPS estimate coming in at $0.19 and the highest estimate coming in at $0.21. Blue Buffalo Pet Products reported earnings of $0.19 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 10.5%. The firm is scheduled to announce its next quarterly earnings results on Wednesday, August 9th.

On average, analysts expect that Blue Buffalo Pet Products will report full year earnings of $0.91 per share for the current financial year, with EPS estimates ranging from $0.88 to $0.93. For the next financial year, analysts anticipate that the company will post earnings of $1.02 per share, with EPS estimates ranging from $0.98 to $1.06. Zacks’ earnings per share averages are a mean average based on a survey of research firms that follow Blue Buffalo Pet Products.

Blue Buffalo Pet Products (NASDAQ:BUFF) last posted its quarterly earnings results on Tuesday, May 9th. The company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.01. Blue Buffalo Pet Products had a return on equity of 122.62% and a net margin of 11.69%. The business had revenue of $302 million for the quarter, compared to analyst estimates of $300.27 million. During the same period last year, the company earned $0.19 EPS. Blue Buffalo Pet Products’s revenue for the quarter was up 7.9% compared to the same quarter last year.

Several research analysts recently issued reports on the company. Zacks Investment Research cut Blue Buffalo Pet Products from a “hold” rating to a “strong sell” rating in a research note on Tuesday. BidaskClub cut Blue Buffalo Pet Products from a “sell” rating to a “strong sell” rating in a research report on Tuesday. J P Morgan Chase & Co reaffirmed an “overweight” rating and set a $25.00 target price (down previously from $28.00) on shares of Blue Buffalo Pet Products in a research report on Wednesday, June 28th. Imperial Capital started coverage on Blue Buffalo Pet Products in a research report on Wednesday, June 28th. They set an “outperform” rating and a $30.00 target price on the stock. Finally, Off Wall Street started coverage on Blue Buffalo Pet Products in a research report on Wednesday, June 21st. They set a “sell” rating on the stock. Three equities research analysts have rated the stock with a sell rating, two have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. Blue Buffalo Pet Products presently has a consensus rating of “Hold” and a consensus price target of $28.40.

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A number of institutional investors have recently modified their holdings of BUFF. Personal Capital Advisors Corp purchased a new position in shares of Blue Buffalo Pet Products during the first quarter worth about $221,000. Parametrica Management Ltd purchased a new position in shares of Blue Buffalo Pet Products during the first quarter worth about $440,000. Bank of Montreal Can raised its position in shares of Blue Buffalo Pet Products by 12,091.4% in the first quarter. Bank of Montreal Can now owns 121,914 shares of the company’s stock worth $2,804,000 after buying an additional 120,914 shares during the period. Teachers Advisors LLC raised its position in shares of Blue Buffalo Pet Products by 103.4% in the fourth quarter. Teachers Advisors LLC now owns 150,066 shares of the company’s stock worth $3,608,000 after buying an additional 76,305 shares during the period. Finally, Norges Bank purchased a new position in shares of Blue Buffalo Pet Products during the fourth quarter worth about $23,156,000. Institutional investors own 88.41% of the company’s stock.

Blue Buffalo Pet Products (NASDAQ:BUFF) opened at 22.37 on Wednesday. The company’s 50-day moving average price is $23.52 and its 200 day moving average price is $24.14. The company has a market capitalization of $4.40 billion, a price-to-earnings ratio of 32.90 and a beta of 1.97. Blue Buffalo Pet Products has a 52-week low of $21.60 and a 52-week high of $27.50.

Blue Buffalo Pet Products Company Profile

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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