TreeHouse Foods (NYSE:THS) updated its fourth quarter 2018 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $0.88-1.08 for the period, compared to the Thomson Reuters consensus estimate of $1.05. TreeHouse Foods also updated its FY 2018 guidance to $2.05-2.25 EPS.
Several research firms have recently issued reports on THS. Citigroup reduced their target price on TreeHouse Foods from $58.00 to $55.00 and set a buy rating for the company in a report on Friday. ValuEngine lowered TreeHouse Foods from a sell rating to a strong sell rating in a report on Tuesday, July 24th. JPMorgan Chase & Co. raised TreeHouse Foods from an underweight rating to a neutral rating and set a $39.00 target price for the company in a report on Friday, August 3rd. Zacks Investment Research raised TreeHouse Foods from a hold rating to a buy rating and set a $54.00 target price for the company in a report on Tuesday, August 14th. Finally, Susquehanna Bancshares upped their target price on TreeHouse Foods from $45.00 to $46.00 and gave the company a neutral rating in a report on Thursday, September 20th. Twelve research analysts have rated the stock with a hold rating and four have given a buy rating to the company. TreeHouse Foods presently has a consensus rating of Hold and an average target price of $48.46.
THS stock opened at $44.68 on Friday. The company has a market capitalization of $2.56 billion, a PE ratio of 20.34, a price-to-earnings-growth ratio of 3.88 and a beta of 0.41. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.02 and a quick ratio of 0.69. TreeHouse Foods has a 12-month low of $36.35 and a 12-month high of $55.60.
TreeHouse Foods (NYSE:THS) last announced its quarterly earnings data on Thursday, November 1st. The company reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.07. TreeHouse Foods had a positive return on equity of 5.54% and a negative net margin of 5.41%. The business had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.42 billion. During the same period in the prior year, the company earned $0.67 earnings per share. TreeHouse Foods’s revenue was down 10.0% compared to the same quarter last year. Analysts anticipate that TreeHouse Foods will post 2.14 earnings per share for the current fiscal year.
TreeHouse Foods Company Profile
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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