TreeHouse Foods Inc. (NYSE:THS) Expected to Announce Earnings of $0.60 Per Share

Equities research analysts expect that TreeHouse Foods Inc. (NYSE:THS) will announce $0.60 earnings per share for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for TreeHouse Foods’ earnings. The highest EPS estimate is $0.63 and the lowest is $0.57. TreeHouse Foods posted earnings of $0.62 per share during the same quarter last year, which indicates a negative year over year growth rate of 3.2%. The business is expected to report its next quarterly earnings results on Thursday, November 7th.

According to Zacks, analysts expect that TreeHouse Foods will report full year earnings of $2.43 per share for the current financial year, with EPS estimates ranging from $2.33 to $2.50. For the next year, analysts anticipate that the firm will post earnings of $2.85 per share, with EPS estimates ranging from $2.75 to $3.00. Zacks’ earnings per share averages are a mean average based on a survey of analysts that follow TreeHouse Foods.

TreeHouse Foods (NYSE:THS) last released its quarterly earnings data on Thursday, August 1st. The company reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.07. The business had revenue of $1.25 billion for the quarter, compared to analysts’ expectations of $1.30 billion. TreeHouse Foods had a positive return on equity of 5.73% and a negative net margin of 3.80%. TreeHouse Foods’s quarterly revenue was down 14.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.37 earnings per share.

Several brokerages recently commented on THS. ValuEngine lowered TreeHouse Foods from a “buy” rating to a “hold” rating in a research note on Tuesday, May 7th. Stifel Nicolaus raised TreeHouse Foods from a “hold” rating to a “buy” rating and boosted their price target for the company from $62.00 to $64.00 in a research note on Thursday, August 1st. BMO Capital Markets raised TreeHouse Foods from a “market perform” rating to an “outperform” rating and set a $54.54 price target on the stock in a research note on Thursday, July 18th. Wells Fargo & Co raised TreeHouse Foods from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $60.00 to $80.00 in a research note on Monday, April 29th. Finally, Zacks Investment Research raised TreeHouse Foods from a “sell” rating to a “hold” rating and set a $63.00 price target on the stock in a research note on Thursday, August 1st. Six research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. TreeHouse Foods presently has a consensus rating of “Buy” and a consensus target price of $60.87.

In other TreeHouse Foods news, VP Thomas Emmet Oneill III sold 6,850 shares of the business’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $50.21, for a total value of $343,938.50. Following the transaction, the vice president now owns 121,183 shares of the company’s stock, valued at $6,084,598.43. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Clifford Braun sold 901 shares of the business’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $51.64, for a total value of $46,527.64. The disclosure for this sale can be found here. In the last ninety days, insiders sold 14,261 shares of company stock worth $736,409. 1.50% of the stock is owned by insiders.

A number of institutional investors have recently bought and sold shares of the business. Geode Capital Management LLC increased its position in shares of TreeHouse Foods by 3.8% during the fourth quarter. Geode Capital Management LLC now owns 544,375 shares of the company’s stock valued at $27,605,000 after acquiring an additional 20,018 shares during the last quarter. Retirement Systems of Alabama increased its position in shares of TreeHouse Foods by 109.7% during the first quarter. Retirement Systems of Alabama now owns 152,283 shares of the company’s stock valued at $9,830,000 after acquiring an additional 79,676 shares during the last quarter. Meeder Asset Management Inc. increased its position in shares of TreeHouse Foods by 3,143.0% during the first quarter. Meeder Asset Management Inc. now owns 11,091 shares of the company’s stock valued at $715,000 after acquiring an additional 10,749 shares during the last quarter. Strs Ohio increased its position in shares of TreeHouse Foods by 9.7% during the first quarter. Strs Ohio now owns 5,260 shares of the company’s stock valued at $339,000 after acquiring an additional 463 shares during the last quarter. Finally, Columbus Circle Investors acquired a new stake in shares of TreeHouse Foods during the first quarter valued at about $7,828,000.

Shares of THS traded down $0.15 on Friday, reaching $49.96. 480,200 shares of the stock traded hands, compared to its average volume of 562,947. The firm has a market cap of $2.81 billion, a price-to-earnings ratio of 22.71, a P/E/G ratio of 1.47 and a beta of 0.73. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.71 and a quick ratio of 0.71. TreeHouse Foods has a 12 month low of $41.18 and a 12 month high of $67.88. The stock’s 50-day moving average price is $55.01 and its 200-day moving average price is $58.01.

About TreeHouse Foods

TreeHouse Foods, Inc operates as a food and beverage manufacturer in the United States, Canada, and Italy. The company operates through Baked Goods, Beverages, Condiments, Meals, and Snacks segments. The Baked Goods segment offers candies, cookies, crackers, in-store bakery products, pita chips, pretzels, refrigerated dough, retail griddle waffles, pancakes, and French toasts.

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