Wall Street analysts forecast that TreeHouse Foods Inc. (NYSE:THS) will report sales of $1.43 billion for the current quarter, Zacks reports. Six analysts have made estimates for TreeHouse Foods’ earnings, with estimates ranging from $1.39 billion to $1.46 billion. TreeHouse Foods posted sales of $1.54 billion during the same quarter last year, which would indicate a negative year over year growth rate of 7.1%. The company is scheduled to issue its next earnings report on Thursday, May 3rd.
According to Zacks, analysts expect that TreeHouse Foods will report full-year sales of $1.43 billion for the current year, with estimates ranging from $5.97 billion to $6.07 billion. For the next fiscal year, analysts forecast that the firm will report sales of $6.05 billion per share, with estimates ranging from $5.91 billion to $6.13 billion. Zacks’ sales calculations are an average based on a survey of research firms that cover TreeHouse Foods.
TreeHouse Foods (NYSE:THS) last released its quarterly earnings data on Thursday, February 15th. The company reported $1.02 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.93 by $0.09. The company had revenue of $1.70 billion during the quarter, compared to the consensus estimate of $1.70 billion. TreeHouse Foods had a negative net margin of 4.54% and a positive return on equity of 6.49%. TreeHouse Foods’s revenue for the quarter was down 4.3% on a year-over-year basis. During the same period last year, the firm earned $1.14 EPS.
Several research firms have issued reports on THS. Susquehanna Bancshares set a $44.00 target price on shares of TreeHouse Foods and gave the stock a “hold” rating in a research note on Monday, February 12th. Stifel Nicolaus lowered their target price on shares of TreeHouse Foods from $44.00 to $40.00 and set a “hold” rating on the stock in a research note on Friday, February 16th. Zacks Investment Research upgraded shares of TreeHouse Foods from a “hold” rating to a “buy” rating and set a $53.00 target price on the stock in a research note on Wednesday, January 31st. Credit Suisse Group reiterated a “hold” rating and issued a $48.00 target price on shares of TreeHouse Foods in a research note on Friday, February 9th. Finally, Jefferies Group reiterated a “buy” rating and issued a $68.00 target price on shares of TreeHouse Foods in a research note on Thursday, February 15th. Three equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $53.51.
TreeHouse Foods (NYSE THS) traded up $0.21 on Tuesday, reaching $41.41. 658,396 shares of the company traded hands, compared to its average volume of 960,871. TreeHouse Foods has a 52 week low of $36.35 and a 52 week high of $90.42. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.94 and a current ratio of 2.48. The company has a market cap of $2,411.55, a P/E ratio of -8.24, a PEG ratio of 4.16 and a beta of 0.60.
In other news, VP Thomas Emmet Oneill III sold 36,100 shares of the firm’s stock in a transaction on Tuesday, March 6th. The shares were sold at an average price of $42.02, for a total transaction of $1,516,922.00. Following the sale, the vice president now owns 168,479 shares in the company, valued at approximately $7,079,487.58. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Sam K. Reed sold 11,480 shares of the firm’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $42.44, for a total transaction of $487,211.20. Following the sale, the chief executive officer now owns 81,147 shares in the company, valued at approximately $3,443,878.68. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 70,540 shares of company stock worth $3,050,650. Corporate insiders own 3.60% of the company’s stock.
Several institutional investors have recently bought and sold shares of the company. Xact Kapitalforvaltning AB purchased a new position in TreeHouse Foods in the 4th quarter worth $272,000. MetLife Investment Advisors LLC purchased a new position in TreeHouse Foods in the 4th quarter worth $1,790,000. Jane Street Group LLC purchased a new position in TreeHouse Foods in the 4th quarter worth $2,678,000. Millennium Management LLC purchased a new position in TreeHouse Foods in the 4th quarter worth $5,137,000. Finally, GCA Investment Management LLC purchased a new position in TreeHouse Foods in the 4th quarter worth $9,599,000.
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TreeHouse Foods Company Profile
TreeHouse Foods, Inc is a consumer packaged food and beverage manufacturer. The Company’s segments include North American Retail Grocery, Food Away From Home, and Industrial and Export. The Company manufactures a range of shelf stable, refrigerated, fresh and frozen products. Its product categories include beverages, salad dressings, snack nuts, beverage enhancers, pickles, sauces, cereals, pasta and dry dinners, cookies and crackers, retail bakery, aseptic products, jams and other products.
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