TreeHouse Foods, Inc. (NYSE:THS) Expected to Post Earnings of $0.31 Per Share


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Equities analysts expect TreeHouse Foods, Inc. (NYSE:THS) to post earnings per share (EPS) of $0.31 for the current quarter, according to Zacks. Four analysts have provided estimates for TreeHouse Foods’ earnings, with estimates ranging from $0.25 to $0.34. TreeHouse Foods reported earnings per share of $0.37 in the same quarter last year, which suggests a negative year over year growth rate of 16.2%. The company is scheduled to issue its next earnings report before the market opens on Thursday, May 6th.

According to Zacks, analysts expect that TreeHouse Foods will report full year earnings of $2.95 per share for the current year, with EPS estimates ranging from $2.83 to $3.02. For the next fiscal year, analysts anticipate that the firm will post earnings of $3.26 per share, with EPS estimates ranging from $3.04 to $3.40. Zacks Investment Research’s earnings per share 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 results on Thursday, February 11th. The company reported $1.07 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.06 by $0.01. The business had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.15 billion. TreeHouse Foods had a positive return on equity of 8.63% and a negative net margin of 0.12%.

A number of equities analysts have recently commented on the company. Truist cut TreeHouse Foods from a “buy” rating to a “hold” rating in a report on Friday, February 12th. JPMorgan Chase & Co. reissued a “hold” rating and set a $48.00 price target on shares of TreeHouse Foods in a report on Sunday, March 14th. Stifel Nicolaus cut TreeHouse Foods from a “buy” rating to a “hold” rating and set a $50.00 price target for the company. in a report on Thursday, February 11th. Credit Suisse Group cut TreeHouse Foods from an “outperform” rating to a “neutral” rating and boosted their price target for the stock from $48.00 to $52.00 in a report on Friday, February 12th. Finally, Bank of America cut TreeHouse Foods from a “buy” rating to a “neutral” rating and set a $52.00 target price for the company. in a report on Friday, February 12th. Eight analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $52.10.

In other TreeHouse Foods news, SVP Clifford Braun sold 2,560 shares of the company’s stock in a transaction dated Wednesday, March 31st. The stock was sold at an average price of $52.55, for a total value of $134,528.00. Following the sale, the senior vice president now owns 5,171 shares in the company, valued at approximately $271,736.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 1.40% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD grew its position in shares of TreeHouse Foods by 1.1% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 10,139,333 shares of the company’s stock valued at $430,820,000 after buying an additional 114,939 shares during the last quarter. BlackRock Inc. boosted its position in shares of TreeHouse Foods by 1.5% during the 4th quarter. BlackRock Inc. now owns 4,640,707 shares of the company’s stock valued at $197,183,000 after purchasing an additional 67,745 shares in the last quarter. Aristotle Capital Boston LLC boosted its position in shares of TreeHouse Foods by 9.2% during the 4th quarter. Aristotle Capital Boston LLC now owns 893,229 shares of the company’s stock valued at $37,953,000 after purchasing an additional 74,909 shares in the last quarter. Clearbridge Investments LLC boosted its position in shares of TreeHouse Foods by 273.2% during the 4th quarter. Clearbridge Investments LLC now owns 666,661 shares of the company’s stock valued at $28,326,000 after purchasing an additional 488,033 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its position in shares of TreeHouse Foods by 4.3% during the 4th quarter. Wells Fargo & Company MN now owns 657,313 shares of the company’s stock valued at $27,928,000 after purchasing an additional 27,218 shares in the last quarter.

NYSE THS traded down $0.41 during midday trading on Tuesday, hitting $47.37. The company had a trading volume of 667,933 shares, compared to its average volume of 676,760. The company has a market capitalization of $2.65 billion, a PE ratio of -477.80, a P/E/G ratio of 2.08 and a beta of 0.61. The company has a current ratio of 1.69, a quick ratio of 0.96 and a debt-to-equity ratio of 1.20. The firm has a 50-day moving average price of $51.80 and a 200-day moving average price of $45.13. TreeHouse Foods has a twelve month low of $35.15 and a twelve month high of $55.50.

TreeHouse Foods Company Profile

TreeHouse Foods, Inc manufactures and distributes private label packaged foods and beverages in the United States and internationally. It operates in two segments, Meal Preparation, and Snacking & Beverages. The Meal Preparation segment provides aseptic cheese and pudding products; baking and mix powders; hot cereals; jams, preserves, and jellies; liquid and powdered non-dairy creamers; macaroni and cheese; mayonnaise; Mexican, barbeque, and other sauces; pastas; pickles and related products; powdered soups and gravies; refrigerated and shelf stable dressings and sauces; refrigerated dough; single serve hot beverages; skillet dinners; and table and flavored syrups.

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

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