TreeHouse Foods Inc. (NYSE:THS) Expected to Announce Earnings of $0.59 Per Share

Brokerages forecast that TreeHouse Foods Inc. (NYSE:THS) will announce $0.59 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for TreeHouse Foods’ earnings, with estimates ranging from $0.57 to $0.63. TreeHouse Foods reported earnings of $0.62 per share in the same quarter last year, which suggests a negative year over year growth rate of 4.8%. The firm is scheduled to announce its next earnings report on Thursday, November 7th.

On average, analysts expect that TreeHouse Foods will report full year earnings of $2.46 per share for the current financial year, with EPS estimates ranging from $2.33 to $2.55. For the next year, analysts expect that the business will report earnings of $2.85 per share, with EPS estimates ranging from $2.75 to $3.00. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that that provide coverage for TreeHouse Foods.

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

THS has been the subject of several recent research reports. Zacks Investment Research upgraded shares of TreeHouse Foods from a “hold” rating to a “buy” rating and set a $62.00 target price for the company in a report on Thursday. BMO Capital Markets upgraded shares of TreeHouse Foods from a “market perform” rating to an “outperform” rating and set a $54.54 target price for the company in a report on Thursday, July 18th. Finally, Stifel Nicolaus upgraded shares of TreeHouse Foods from a “hold” rating to a “buy” rating and lifted their target price for the company from $62.00 to $64.00 in a report on Thursday, August 1st. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $60.78.

In related news, SVP Lori G. Roberts sold 3,134 shares of the firm’s stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $54.28, for a total transaction of $170,113.52. Following the completion of the sale, the senior vice president now owns 3,038 shares of the company’s stock, valued at $164,902.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Clifford Braun sold 901 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $51.64, for a total transaction of $46,527.64. The disclosure for this sale can be found here. Insiders have sold 14,606 shares of company stock valued at $760,211 in the last three months. 1.50% of the stock is owned by insiders.

A number of large investors have recently bought and sold shares of the business. State of Alaska Department of Revenue lifted its position in TreeHouse Foods by 3.0% during the second quarter. State of Alaska Department of Revenue now owns 6,051 shares of the company’s stock valued at $327,000 after acquiring an additional 178 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its position in TreeHouse Foods by 1.4% during the second quarter. Oregon Public Employees Retirement Fund now owns 22,598 shares of the company’s stock valued at $1,223,000 after acquiring an additional 320 shares during the last quarter. Quadrant Capital Group LLC lifted its position in TreeHouse Foods by 287.2% during the first quarter. Quadrant Capital Group LLC now owns 573 shares of the company’s stock valued at $36,000 after acquiring an additional 425 shares during the last quarter. Mason Street Advisors LLC lifted its position in TreeHouse Foods by 1.5% during the first quarter. Mason Street Advisors LLC now owns 29,773 shares of the company’s stock valued at $1,922,000 after acquiring an additional 442 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its position in TreeHouse Foods by 4.8% during the second quarter. Envestnet Asset Management Inc. now owns 9,719 shares of the company’s stock valued at $526,000 after acquiring an additional 445 shares during the last quarter.

Shares of THS stock traded up $0.38 during trading hours on Friday, hitting $58.55. 6,723 shares of the company’s stock traded hands, compared to its average volume of 470,146. The stock’s fifty day simple moving average is $53.67 and its two-hundred day simple moving average is $57.36. TreeHouse Foods has a 12-month low of $41.18 and a 12-month high of $67.88. The stock has a market cap of $3.27 billion, a price-to-earnings ratio of 26.58, a PEG ratio of 1.72 and a beta of 0.73. The company has a quick ratio of 0.71, a current ratio of 1.71 and a debt-to-equity ratio of 1.24.

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.

See Also: Net Margin

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

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