Wall Street analysts forecast that TreeHouse Foods Inc. (NYSE:THS) will post sales of $1.43 billion for the current fiscal quarter, according to Zacks Investment Research. Six analysts have issued estimates for TreeHouse Foods’ earnings. The highest sales estimate is $1.46 billion and the lowest is $1.39 billion. TreeHouse Foods reported sales of $1.54 billion in the same quarter last year, which would suggest a negative year-over-year growth rate of 7.1%. The company is expected to announce its next quarterly earnings results on Thursday, May 3rd.
On average, analysts expect that TreeHouse Foods will report full-year sales of $1.43 billion for the current year, with estimates ranging from $5.97 billion to $6.07 billion. For the next fiscal year, analysts anticipate that the firm will report sales of $6.05 billion per share, with estimates ranging from $5.91 billion to $6.13 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for TreeHouse Foods.
TreeHouse Foods (NYSE:THS) last released its quarterly earnings data on Thursday, February 15th. The company reported $1.02 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.93 by $0.09. TreeHouse Foods had a negative net margin of 4.54% and a positive return on equity of 6.49%. The firm had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.70 billion. During the same quarter in the prior year, the company posted $1.14 earnings per share. The business’s revenue was down 4.3% on a year-over-year basis.
TreeHouse Foods (THS) opened at $42.87 on Tuesday. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.94 and a current ratio of 2.48. TreeHouse Foods has a 1-year low of $36.35 and a 1-year high of $90.42. The firm has a market cap of $2,460.00, a price-to-earnings ratio of -6.26, a price-to-earnings-growth ratio of 4.07 and a beta of 0.60.
In related news, CEO Sam K. Reed sold 11,480 shares of the stock in a transaction dated Wednesday, March 7th. The shares were sold at an average price of $41.44, for a total transaction of $475,731.20. Following the completion of the transaction, the chief executive officer now owns 81,147 shares in the company, valued at $3,362,731.68. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, VP Thomas Emmet Oneill III sold 36,100 shares of the stock in a transaction dated Tuesday, March 6th. The shares were sold at an average price of $42.02, for a total transaction of $1,516,922.00. Following the transaction, the vice president now owns 168,479 shares of the company’s stock, valued at approximately $7,079,487.58. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 70,540 shares of company stock valued at $3,050,650. 3.60% of the stock is owned by company insiders.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Amica Mutual Insurance Co. bought a new position in TreeHouse Foods during the third quarter worth about $868,000. NWQ Investment Management Company LLC boosted its position in TreeHouse Foods by 9.5% during the third quarter. NWQ Investment Management Company LLC now owns 1,271,494 shares of the company’s stock worth $86,118,000 after purchasing an additional 110,175 shares during the period. Alambic Investment Management L.P. bought a new position in TreeHouse Foods during the fourth quarter worth about $2,468,000. Dimensional Fund Advisors LP boosted its position in TreeHouse Foods by 14.0% during the third quarter. Dimensional Fund Advisors LP now owns 870,756 shares of the company’s stock worth $58,977,000 after purchasing an additional 106,632 shares during the period. Finally, Schwab Charles Investment Management Inc. boosted its position in TreeHouse Foods by 21.5% during the third quarter. Schwab Charles Investment Management Inc. now owns 304,706 shares of the company’s stock worth $20,638,000 after purchasing an additional 53,830 shares during the period.
About TreeHouse Foods
TreeHouse Foods, Inc is a consumer packaged food and beverage manufacturer. The Company’s segments include North American Retail Grocery, Food Away From Home, and Industrial and Export. The Company manufactures a range of shelf stable, refrigerated, fresh and frozen products. Its product categories include beverages, salad dressings, snack nuts, beverage enhancers, pickles, sauces, cereals, pasta and dry dinners, cookies and crackers, retail bakery, aseptic products, jams and other products.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for TreeHouse Foods Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TreeHouse Foods and related companies with MarketBeat.com's FREE daily email newsletter.