Q3 2024 Earnings Forecast for TreeHouse Foods, Inc. (NYSE:THS) Issued By William Blair

TreeHouse Foods, Inc. (NYSE:THS) – Stock analysts at William Blair raised their Q3 2024 earnings per share estimates for TreeHouse Foods in a report issued on Monday, May 6th. William Blair analyst J. Andersen now expects that the company will post earnings of $0.81 per share for the quarter, up from their prior estimate of $0.76. The consensus estimate for TreeHouse Foods’ current full-year earnings is $2.22 per share. William Blair also issued estimates for TreeHouse Foods’ FY2025 earnings at $2.75 EPS.

Several other research firms have also recently commented on THS. Barclays cut their price objective on shares of TreeHouse Foods from $39.00 to $36.00 and set an “equal weight” rating on the stock in a research report on Wednesday. Truist Financial downgraded TreeHouse Foods from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $45.00 to $35.00 in a report on Tuesday, February 20th. Stifel Nicolaus cut their target price on TreeHouse Foods from $38.00 to $36.00 and set a “hold” rating on the stock in a research note on Tuesday. TD Cowen decreased their price target on shares of TreeHouse Foods from $38.00 to $37.00 and set a “hold” rating for the company in a research note on Tuesday. Finally, StockNews.com lowered shares of TreeHouse Foods from a “hold” rating to a “sell” rating in a research report on Wednesday. One analyst has rated the stock with a sell rating and five have given a hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $42.67.

TreeHouse Foods Stock Down 2.0 %

TreeHouse Foods stock opened at $34.79 on Wednesday. The company has a 50 day moving average of $37.01 and a 200-day moving average of $39.49. The company has a quick ratio of 0.74, a current ratio of 1.50 and a debt-to-equity ratio of 0.84. TreeHouse Foods has a twelve month low of $33.28 and a twelve month high of $54.52. The stock has a market capitalization of $1.87 billion, a PE ratio of 36.62 and a beta of 0.35.

TreeHouse Foods (NYSE:THS) last released its quarterly earnings data on Monday, May 6th. The company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.01). TreeHouse Foods had a net margin of 1.51% and a return on equity of 8.09%. The business had revenue of $820.70 million for the quarter, compared to the consensus estimate of $798.44 million. During the same quarter last year, the firm earned $0.68 EPS. The company’s revenue for the quarter was down 3.9% on a year-over-year basis.

Institutional Investors Weigh In On TreeHouse Foods

Several large investors have recently made changes to their positions in the stock. JANA Partners Management LP bought a new stake in TreeHouse Foods during the third quarter worth $213,877,000. Blair William & Co. IL lifted its stake in TreeHouse Foods by 8.9% in the 3rd quarter. Blair William & Co. IL now owns 441,909 shares of the company’s stock valued at $19,258,000 after purchasing an additional 35,946 shares during the last quarter. Commonwealth Equity Services LLC grew its holdings in TreeHouse Foods by 5.5% during the third quarter. Commonwealth Equity Services LLC now owns 7,321 shares of the company’s stock worth $319,000 after purchasing an additional 384 shares during the period. Victory Capital Management Inc. increased its position in TreeHouse Foods by 27.9% during the third quarter. Victory Capital Management Inc. now owns 385,552 shares of the company’s stock worth $16,802,000 after buying an additional 84,135 shares during the last quarter. Finally, Dark Forest Capital Management LP bought a new stake in TreeHouse Foods in the third quarter valued at approximately $2,080,000. Institutional investors and hedge funds own 99.81% of the company’s stock.

TreeHouse Foods Company Profile

TreeHouse Foods, Inc manufactures and distributes private brands snacks and beverages in the United States and internationally. The company provides snacking products, such as crackers, pretzels, in-store bakery items, frozen griddle items, cookies, and candies; and beverage and drink mixes, including non-dairy creamer, coffee, broths/stocks, powdered beverages and other blends, tea, and ready-to-drink-beverages.