TreeHouse Foods Inc. (NYSE:THS) Expected to Post Earnings of $0.62 Per Share

Analysts expect TreeHouse Foods Inc. (NYSE:THS) to report earnings of $0.62 per share for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for TreeHouse Foods’ earnings, with estimates ranging from $0.57 to $0.70. TreeHouse Foods also posted earnings per share of $0.62 during the same quarter last year. The company is expected to announce its next earnings report on Thursday, November 7th.

On average, analysts expect that TreeHouse Foods will report full year earnings of $2.45 per share for the current year, with EPS estimates ranging from $2.33 to $2.51. For the next financial year, analysts expect that the firm will report earnings of $2.86 per share, with EPS estimates ranging from $2.75 to $3.00. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that cover TreeHouse Foods.

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

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

THS stock traded up $0.85 during midday trading on Friday, reaching $49.96. The stock had a trading volume of 18,343 shares, compared to its average volume of 580,508. The stock has a market cap of $2.88 billion, a PE ratio of 22.77, a P/E/G ratio of 1.53 and a beta of 0.73. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.71 and a current ratio of 1.71. The firm has a fifty day simple moving average of $55.25 and a two-hundred day simple moving average of $58.09. TreeHouse Foods has a 52-week low of $41.18 and a 52-week high of $67.88.

In other news, SVP Clifford Braun sold 901 shares of the firm’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $51.64, for a total transaction of $46,527.64. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CAO Thomas Emmet Oneill III sold 3,721 shares of the firm’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $53.65, for a total value of $199,631.65. Following the sale, the chief accounting officer now owns 122,326 shares in the company, valued at $6,562,789.90. The disclosure for this sale can be found here. Insiders have sold a total of 14,261 shares of company stock worth $736,409 over the last ninety days. 1.50% of the stock is owned by insiders.

Several large investors have recently bought and sold shares of the company. United Services Automobile Association raised its position in TreeHouse Foods by 15.5% in the second quarter. United Services Automobile Association now owns 12,415 shares of the company’s stock valued at $672,000 after purchasing an additional 1,670 shares during the period. Nuveen Asset Management LLC purchased a new stake in TreeHouse Foods in the second quarter valued at approximately $11,813,000. Victory Capital Management Inc. purchased a new stake in TreeHouse Foods in the second quarter valued at approximately $3,986,000. Point72 Hong Kong Ltd purchased a new stake in TreeHouse Foods in the second quarter valued at approximately $105,000. Finally, Point72 Asset Management L.P. raised its position in TreeHouse Foods by 4,186.6% in the second quarter. Point72 Asset Management L.P. now owns 46,638 shares of the company’s stock valued at $2,523,000 after purchasing an additional 45,550 shares during the period.

TreeHouse Foods Company Profile

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.

Read More: 52-Week High/Low Prices For Stock Selection

Get a free copy of the Zacks research report on TreeHouse Foods (THS)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for TreeHouse Foods (NYSE:THS)

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.