Equities analysts predict that TreeHouse Foods Inc. (NYSE:THS) will announce $0.14 earnings per share for the current quarter, Zacks Investment Research reports. Six analysts have issued 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 reported earnings of $0.61 per share in the same quarter last year, which indicates a negative year over year growth rate of 77%. The firm is expected to report its next earnings results on Thursday, May 3rd.
According to Zacks, analysts expect that TreeHouse Foods will report full-year earnings of $2.08 per share for the current year, with EPS estimates ranging from $2.00 to $2.18. For the next year, analysts anticipate that the business will report earnings of $2.56 per share, with EPS estimates ranging from $2.33 to $3.02. Zacks’ earnings per share calculations are an average based on a survey of research analysts that that provide coverage for TreeHouse Foods.
TreeHouse Foods (NYSE:THS) last issued its quarterly earnings data on Thursday, February 15th. The company reported $1.02 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.93 by $0.09. TreeHouse Foods had a negative net margin of 4.54% and a positive return on equity of 6.49%. The firm had revenue of $1.70 billion for the quarter, compared to analysts’ expectations of $1.70 billion. During the same quarter in the prior year, the business earned $1.14 EPS. The business’s quarterly revenue was down 4.3% on a year-over-year basis.
THS has been the topic of several recent research reports. Wolfe Research initiated coverage on shares of TreeHouse Foods in a research note on Monday, December 4th. They issued a “market perform” rating on the stock. Credit Suisse Group reiterated a “hold” rating and issued a $48.00 price objective on shares of TreeHouse Foods in a research note on Friday, February 9th. Zacks Investment Research cut shares of TreeHouse Foods from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Susquehanna Bancshares set a $44.00 price objective on shares of TreeHouse Foods and gave the stock a “hold” rating in a research note on Monday, February 12th. Finally, Wells Fargo set a $46.00 price objective on shares of TreeHouse Foods and gave the stock a “hold” rating in a research note on Thursday, January 4th. Three equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have assigned a buy rating to the company’s stock. TreeHouse Foods has a consensus rating of “Hold” and a consensus price target of $53.51.
Shares of TreeHouse Foods (NYSE THS) traded up $0.21 during trading hours on Friday, hitting $41.41. 658,396 shares of the stock 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 quick ratio of 0.94, a current ratio of 2.48 and a debt-to-equity ratio of 1.12. The company has a market cap of $2,411.55, a PE 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 TreeHouse Foods stock in a transaction that occurred 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 $7,079,487.58. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Sam K. Reed sold 11,480 shares of TreeHouse Foods stock in a transaction that occurred on Wednesday, March 7th. The shares were sold at an average price of $41.44, for a total transaction of $475,731.20. Following the sale, the chief executive officer now owns 81,147 shares in the company, valued at approximately $3,362,731.68. 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. 3.60% of the stock is owned by company insiders.
Hedge funds have recently bought and sold shares of the stock. Zions Bancorporation bought a new stake in shares of TreeHouse Foods during the third quarter worth $212,000. Balter Liquid Alternatives LLC bought a new stake in shares of TreeHouse Foods in the fourth quarter valued at about $174,000. State of Alaska Department of Revenue bought a new stake in shares of TreeHouse Foods in the fourth quarter valued at about $197,000. CenterStar Asset Management LLC bought a new stake in shares of TreeHouse Foods in the fourth quarter valued at about $227,000. Finally, Flinton Capital Management LLC raised its holdings in shares of TreeHouse Foods by 62.5% in the fourth quarter. Flinton Capital Management LLC now owns 4,992 shares of the company’s stock valued at $247,000 after acquiring an additional 1,920 shares in the last quarter.
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About TreeHouse Foods
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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