Wall Street analysts forecast that TreeHouse Foods (NYSE:THS) will post earnings per share of $0.14 for the current quarter, Zacks reports. Six analysts have made estimates for TreeHouse Foods’ earnings, with the highest EPS estimate coming in at $0.18 and the lowest estimate coming in at $0.11. TreeHouse Foods posted earnings of $0.61 per share during the same quarter last year, which suggests a negative year over year growth rate of 77%. The firm is scheduled to report its next earnings report before the market opens on Thursday, May 3rd.
According to Zacks, analysts expect that TreeHouse Foods will report full year earnings of $2.09 per share for the current year, with EPS estimates ranging from $2.00 to $2.18. For the next fiscal year, analysts forecast that the firm will post earnings of $2.53 per share, with EPS estimates ranging from $2.31 to $3.02. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that that provide coverage for TreeHouse Foods.
TreeHouse Foods (NYSE:THS) last announced its quarterly earnings data on Thursday, February 15th. The company reported $1.02 EPS for the quarter, beating the Zacks’ consensus estimate of $0.93 by $0.09. The firm had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.70 billion. TreeHouse Foods had a positive return on equity of 6.49% and a negative net margin of 4.54%. The business’s quarterly revenue was down 4.3% compared to the same quarter last year. During the same period last year, the company earned $1.14 EPS.
Several research analysts have recently issued reports on THS shares. Zacks Investment Research lowered TreeHouse Foods from a “hold” rating to a “strong sell” rating in a research report on Monday, February 19th. Stifel Nicolaus reduced their price target on TreeHouse Foods from $44.00 to $40.00 and set a “hold” rating on the stock in a research report on Friday, February 16th. Credit Suisse Group restated a “hold” rating and issued a $48.00 price target on shares of TreeHouse Foods in a research report on Friday, February 9th. Jefferies Group restated a “buy” rating and issued a $68.00 price target on shares of TreeHouse Foods in a research report on Thursday, February 15th. Finally, Wells Fargo set a $46.00 price target on TreeHouse Foods and gave the stock a “hold” rating in a research report on Thursday, January 4th. Three research analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have issued a buy rating to the stock. TreeHouse Foods presently has a consensus rating of “Hold” and a consensus target price of $53.51.
In related news, VP Thomas Emmet Oneill III sold 36,100 shares of TreeHouse Foods stock in a transaction dated Tuesday, March 6th. The stock was sold at an average price of $42.02, for a total value of $1,516,922.00. Following the sale, the vice president now owns 168,479 shares of the company’s stock, valued at $7,079,487.58. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Sam K. Reed sold 11,480 shares of TreeHouse Foods stock in a transaction dated Wednesday, March 7th. The shares were sold at an average price of $41.44, for a total value of $475,731.20. Following the completion of the sale, the chief executive officer now directly owns 81,147 shares in the company, valued at approximately $3,362,731.68. The disclosure for this sale can be found here. Insiders sold a total of 70,540 shares of company stock worth $2,924,829 in the last three months. Company insiders own 3.60% of the company’s stock.
Large investors have recently added to or reduced their stakes in the stock. GCA Investment Management LLC bought a new position in TreeHouse Foods during the fourth quarter worth about $9,599,000. Alambic Investment Management L.P. acquired a new stake in shares of TreeHouse Foods in the 4th quarter worth about $2,468,000. Dimensional Fund Advisors LP raised its holdings in shares of TreeHouse Foods by 14.0% in the 3rd quarter. Dimensional Fund Advisors LP now owns 870,756 shares of the company’s stock worth $58,977,000 after acquiring an additional 106,632 shares during the last quarter. Cramer Rosenthal Mcglynn LLC raised its holdings in shares of TreeHouse Foods by 46.5% in the 4th quarter. Cramer Rosenthal Mcglynn LLC now owns 1,311,311 shares of the company’s stock worth $64,857,000 after acquiring an additional 416,001 shares during the last quarter. Finally, Guggenheim Capital LLC raised its holdings in shares of TreeHouse Foods by 2.4% in the 4th quarter. Guggenheim Capital LLC now owns 169,796 shares of the company’s stock worth $8,398,000 after acquiring an additional 3,969 shares during the last quarter.
THS traded down $0.76 during mid-day trading on Friday, reaching $38.97. The stock had a trading volume of 274,746 shares, compared to its average volume of 847,978. The firm has a market capitalization of $2,218.96, a price-to-earnings ratio of 13.98, a PEG ratio of 3.81 and a beta of 0.52. 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 52 week low of $36.35 and a 52 week high of $90.18.
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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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