TreeHouse Foods (NYSE:THS) Updates Q4 2021 Earnings Guidance

TreeHouse Foods (NYSE:THS) issued an update on its fourth quarter 2021 earnings guidance on Monday morning. The company provided earnings per share guidance of $0.000-$0.200 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.020. The company issued revenue guidance of $1.04 billion-$1.16 billion, compared to the consensus revenue estimate of $1.21 billion.TreeHouse Foods also updated its FY 2021 guidance to $1.080-$1.280 EPS.

Shares of THS traded up $0.14 during mid-day trading on Thursday, hitting $38.64. 339,949 shares of the company’s stock were exchanged, compared to its average volume of 717,926. TreeHouse Foods has a fifty-two week low of $33.90 and a fifty-two week high of $55.50. The stock has a market cap of $2.16 billion, a price-to-earnings ratio of 42.46, a P/E/G ratio of 5.37 and a beta of 0.50. The company has a 50 day simple moving average of $38.55. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.21 and a quick ratio of 0.41.

TreeHouse Foods (NYSE:THS) last announced its earnings results on Monday, November 8th. The company reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.04). TreeHouse Foods had a return on equity of 6.52% and a net margin of 1.18%. The business had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.08 billion. During the same quarter last year, the company posted $0.71 EPS. TreeHouse Foods’s quarterly revenue was up 5.3% on a year-over-year basis. On average, analysts expect that TreeHouse Foods will post 1.17 earnings per share for the current year.

THS has been the subject of several recent research reports. Zacks Investment Research downgraded shares of TreeHouse Foods from a hold rating to a strong sell rating and set a $33.00 target price for the company. in a research note on Tuesday, August 10th. William Blair restated an outperform rating on shares of TreeHouse Foods in a research report on Monday, November 8th. Finally, Credit Suisse Group reduced their price objective on shares of TreeHouse Foods from $50.00 to $40.00 and set a neutral rating for the company in a research report on Friday, August 6th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, TreeHouse Foods has a consensus rating of Hold and an average target price of $44.83.

Several hedge funds have recently bought and sold shares of the company. Morgan Stanley lifted its position in shares of TreeHouse Foods by 1,614.1% during the 2nd quarter. Morgan Stanley now owns 1,755,598 shares of the company’s stock valued at $78,160,000 after acquiring an additional 1,653,175 shares during the period. UBS Group AG lifted its position in shares of TreeHouse Foods by 8.4% during the 3rd quarter. UBS Group AG now owns 58,494 shares of the company’s stock valued at $2,333,000 after acquiring an additional 4,544 shares during the period. Millennium Management LLC acquired a new stake in shares of TreeHouse Foods during the 3rd quarter valued at approximately $622,000. Finally, Janus Henderson Group PLC purchased a new position in shares of TreeHouse Foods during the 3rd quarter worth approximately $225,000.

About TreeHouse Foods

TreeHouse Foods, Inc is a manufacturer and distributor of private label packaged foods and beverages in North America. Its product portfolio includes snacking, beverages, and meal preparation products, available in shelf stable, refrigerated, frozen, and fresh formats. The firm operates through the following segments: Meal Preparation and Snacking & Beverages.

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

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