Equities analysts expect that TreeHouse Foods Inc. (NYSE:THS) will announce $1.31 billion in sales for the current fiscal quarter, Zacks reports. Five analysts have made estimates for TreeHouse Foods’ earnings, with the highest sales estimate coming in at $1.34 billion and the lowest estimate coming in at $1.29 billion. TreeHouse Foods reported sales of $1.48 billion during the same quarter last year, which indicates a negative year over year growth rate of 11.5%. The firm is expected to report its next quarterly earnings report on Thursday, May 2nd.
According to Zacks, analysts expect that TreeHouse Foods will report full-year sales of $5.56 billion for the current fiscal year, with estimates ranging from $5.50 billion to $5.70 billion. For the next fiscal year, analysts expect that the firm will report sales of $5.68 billion, with estimates ranging from $5.52 billion to $6.00 billion. Zacks Investment Research’s sales averages 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 posted its quarterly earnings results on Thursday, February 14th. The company reported $1.03 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.96 by $0.07. The company had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.50 billion. TreeHouse Foods had a negative net margin of 1.06% and a positive return on equity of 5.66%. The firm’s revenue for the quarter was down 11.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.02 earnings per share.
THS has been the subject of several research reports. Citigroup restated a “buy” rating and set a $60.00 price target on shares of TreeHouse Foods in a research report on Wednesday, December 12th. Credit Suisse Group set a $55.00 price objective on shares of TreeHouse Foods and gave the company a “hold” rating in a report on Friday, February 15th. Bank of America reaffirmed a “neutral” rating and set a $58.00 price objective (up from $55.00) on shares of TreeHouse Foods in a report on Wednesday, January 23rd. ValuEngine raised shares of TreeHouse Foods from a “hold” rating to a “buy” rating in a report on Wednesday, November 21st. Finally, Jefferies Financial Group set a $60.00 price objective on shares of TreeHouse Foods and gave the company a “buy” rating in a report on Monday, December 10th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and three have assigned a buy rating to the company’s stock. TreeHouse Foods currently has a consensus rating of “Hold” and a consensus target price of $51.92.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bessemer Group Inc. lifted its holdings in TreeHouse Foods by 34.8% during the fourth quarter. Bessemer Group Inc. now owns 778 shares of the company’s stock valued at $39,000 after purchasing an additional 201 shares during the last quarter. Arizona State Retirement System lifted its holdings in shares of TreeHouse Foods by 0.6% in the fourth quarter. Arizona State Retirement System now owns 40,191 shares of the company’s stock worth $2,038,000 after buying an additional 254 shares in the last quarter. Diversified Trust Co lifted its holdings in shares of TreeHouse Foods by 2.8% in the fourth quarter. Diversified Trust Co now owns 10,740 shares of the company’s stock worth $545,000 after buying an additional 295 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of TreeHouse Foods by 10.6% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,957 shares of the company’s stock worth $201,000 after buying an additional 380 shares in the last quarter. Finally, CX Institutional purchased a new stake in shares of TreeHouse Foods in the fourth quarter worth about $27,000.
THS traded up $0.81 during trading on Tuesday, hitting $60.49. 12,880 shares of the company traded hands, compared to its average volume of 706,200. The firm has a market cap of $3.28 billion, a P/E ratio of 27.47, a PEG ratio of 2.13 and a beta of 0.54. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.69 and a current ratio of 1.70. TreeHouse Foods has a one year low of $36.43 and a one year high of $61.48.
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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