TreeHouse Foods Inc. (THS) Expected to Announce Earnings of $0.97 Per Share

Wall Street brokerages predict that TreeHouse Foods Inc. (NYSE:THS) will post earnings per share (EPS) of $0.97 for the current fiscal quarter, Zacks reports. Six analysts have provided estimates for TreeHouse Foods’ earnings, with estimates ranging from $0.90 to $1.09. TreeHouse Foods reported earnings of $1.02 per share in the same quarter last year, which suggests a negative year-over-year growth rate of 4.9%. The firm is scheduled to announce its next earnings report on Thursday, February 21st.

On average, analysts expect that TreeHouse Foods will report full year earnings of $2.12 per share for the current year, with EPS estimates ranging from $2.00 to $2.21. For the next financial year, analysts forecast that the company will report earnings of $2.53 per share, with EPS estimates ranging from $2.40 to $2.65. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research analysts that that provide coverage for TreeHouse Foods.

TreeHouse Foods (NYSE:THS) last posted its earnings results on Thursday, November 1st. The company reported $0.62 EPS for the quarter, beating the Zacks’ consensus estimate of $0.55 by $0.07. TreeHouse Foods had a negative net margin of 5.93% and a positive return on equity of 5.61%. The company had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.42 billion. During the same quarter in the prior year, the company posted $0.67 earnings per share. TreeHouse Foods’s revenue for the quarter was down 10.0% compared to the same quarter last year.

Several analysts have recently issued reports on THS shares. ValuEngine cut shares of TreeHouse Foods from a “hold” rating to a “sell” rating in a research report on Wednesday, September 19th. Stifel Nicolaus increased their price target on shares of TreeHouse Foods from $48.00 to $50.00 and gave the stock a “hold” rating in a research report on Friday, August 3rd. Zacks Investment Research cut shares of TreeHouse Foods from a “buy” rating to a “hold” rating in a research report on Monday, August 13th. Susquehanna Bancshares increased their price target on shares of TreeHouse Foods from $45.00 to $46.00 and gave the stock a “neutral” rating in a research report on Thursday, September 20th. Finally, Wells Fargo & Co reduced their target price on shares of TreeHouse Foods from $50.00 to $48.00 and set a “market perform” rating on the stock in a report on Monday, November 5th. Twelve analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $48.62.

Shares of THS traded down $0.34 during mid-day trading on Wednesday, hitting $50.06. 896,357 shares of the company’s stock were exchanged, compared to its average volume of 794,017. The stock has a market capitalization of $2.78 billion, a PE ratio of 17.81, a P/E/G ratio of 4.23 and a beta of 0.41. TreeHouse Foods has a fifty-two week low of $36.35 and a fifty-two week high of $55.60. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.59 and a current ratio of 1.90.

In related news, VP Thomas Emmet Oneill III sold 3,987 shares of the firm’s stock in a transaction that occurred on Wednesday, November 7th. The shares were sold at an average price of $48.00, for a total value of $191,376.00. Following the sale, the vice president now owns 131,720 shares of the company’s stock, valued at $6,322,560. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 3.60% of the stock is owned by company insiders.

A number of large investors have recently modified their holdings of THS. Huntington National Bank increased its stake in TreeHouse Foods by 50.0% in the second quarter. Huntington National Bank now owns 3,000 shares of the company’s stock valued at $158,000 after purchasing an additional 1,000 shares during the last quarter. Hsbc Holdings PLC increased its stake in TreeHouse Foods by 20.6% in the third quarter. Hsbc Holdings PLC now owns 6,278 shares of the company’s stock valued at $301,000 after purchasing an additional 1,074 shares during the last quarter. State of Alaska Department of Revenue increased its stake in TreeHouse Foods by 34.4% in the third quarter. State of Alaska Department of Revenue now owns 5,670 shares of the company’s stock valued at $271,000 after purchasing an additional 1,450 shares during the last quarter. Riverhead Capital Management LLC increased its stake in TreeHouse Foods by 21.2% in the third quarter. Riverhead Capital Management LLC now owns 8,587 shares of the company’s stock valued at $411,000 after purchasing an additional 1,500 shares during the last quarter. Finally, PNC Financial Services Group Inc. increased its stake in TreeHouse Foods by 62.9% in the second quarter. PNC Financial Services Group Inc. now owns 3,901 shares of the company’s stock valued at $204,000 after purchasing an additional 1,506 shares during the last quarter.

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.

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