Equities analysts predict that TreeHouse Foods Inc. (NYSE:THS) will report $0.55 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Six analysts have issued estimates for TreeHouse Foods’ earnings. The lowest EPS estimate is $0.50 and the highest is $0.58. TreeHouse Foods posted earnings of $0.67 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 17.9%. The firm is expected to report its next earnings report on Thursday, November 1st.
According to Zacks, analysts expect that TreeHouse Foods will report full-year earnings of $2.14 per share for the current year, with EPS estimates ranging from $2.00 to $2.22. For the next year, analysts forecast that the company will post earnings of $2.62 per share, with EPS estimates ranging from $2.45 to $3.00. Zacks Investment Research’s earnings per share calculations are an average based on a survey of analysts that that provide coverage for TreeHouse Foods.
TreeHouse Foods (NYSE:THS) last announced its quarterly earnings results on Thursday, August 2nd. The company reported $0.37 EPS for the quarter, topping the Zacks’ consensus estimate of $0.25 by $0.12. The business had revenue of $1.46 billion for the quarter, compared to analysts’ expectations of $1.41 billion. TreeHouse Foods had a positive return on equity of 5.54% and a negative net margin of 5.41%. The business’s quarterly revenue was down 4.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.51 EPS.
THS has been the topic of a number of analyst reports. Zacks Investment Research cut TreeHouse Foods from a “buy” rating to a “hold” rating in a research note on Monday, August 13th. Barclays reaffirmed a “hold” rating and issued a $53.00 price target on shares of TreeHouse Foods in a research note on Sunday, August 5th. Stifel Nicolaus lifted their price target on TreeHouse Foods from $48.00 to $50.00 and gave the stock a “hold” rating in a research note on Friday, August 3rd. Susquehanna Bancshares set a $40.00 price target on TreeHouse Foods and gave the stock a “hold” rating in a research note on Wednesday, May 9th. Finally, ValuEngine raised TreeHouse Foods from a “strong sell” rating to a “sell” rating in a research note on Friday, August 3rd. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $48.46.
TreeHouse Foods stock traded up $1.05 during trading hours on Friday, reaching $53.18. The company had a trading volume of 595,400 shares, compared to its average volume of 794,327. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.02 and a quick ratio of 0.69. The stock has a market capitalization of $2.93 billion, a P/E ratio of 18.64, a price-to-earnings-growth ratio of 4.89 and a beta of 0.45. TreeHouse Foods has a 12-month low of $36.35 and a 12-month high of $68.90.
In other news, insider Maurice Alkemade sold 884 shares of the business’s stock in a transaction that occurred on Monday, June 18th. The stock was sold at an average price of $51.95, for a total transaction of $45,923.80. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Erik Thomas Kahler sold 14,100 shares of the business’s stock in a transaction that occurred on Tuesday, June 12th. The shares were sold at an average price of $50.82, for a total value of $716,562.00. Following the transaction, the senior vice president now directly owns 41,125 shares in the company, valued at $2,089,972.50. The disclosure for this sale can be found here. 3.60% of the stock is currently owned by insiders.
Several institutional investors and hedge funds have recently bought and sold shares of THS. Wells Fargo & Company MN grew its stake in TreeHouse Foods by 1.9% in the first quarter. Wells Fargo & Company MN now owns 1,786,796 shares of the company’s stock worth $68,382,000 after purchasing an additional 33,220 shares during the period. Mackay Shields LLC purchased a new stake in TreeHouse Foods in the first quarter worth $7,532,000. Trexquant Investment LP grew its stake in TreeHouse Foods by 80.5% in the first quarter. Trexquant Investment LP now owns 24,590 shares of the company’s stock worth $941,000 after purchasing an additional 10,965 shares during the period. American Century Companies Inc. grew its stake in TreeHouse Foods by 4.2% in the first quarter. American Century Companies Inc. now owns 778,638 shares of the company’s stock worth $29,798,000 after purchasing an additional 31,308 shares during the period. Finally, Prudential Financial Inc. grew its stake in TreeHouse Foods by 33.8% in the first quarter. Prudential Financial Inc. now owns 86,474 shares of the company’s stock worth $3,309,000 after purchasing an additional 21,850 shares during the period.
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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