Zacks: Brokerages Anticipate TreeHouse Foods Inc. (NYSE:THS) Will Announce Earnings of $0.59 Per Share

Wall Street brokerages forecast that TreeHouse Foods Inc. (NYSE:THS) will announce $0.59 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for TreeHouse Foods’ earnings, with the highest EPS estimate coming in at $0.63 and the lowest estimate coming in at $0.57. TreeHouse Foods reported earnings of $0.62 per share during the same quarter last year, which suggests a negative year over year growth rate of 4.8%. The firm is expected to report its next quarterly earnings results on Thursday, November 7th.

According to Zacks, analysts expect that TreeHouse Foods will report full-year earnings of $2.46 per share for the current fiscal year, with EPS estimates ranging from $2.33 to $2.55. For the next financial year, analysts forecast that the business will post earnings of $2.85 per share, with EPS estimates ranging from $2.75 to $3.00. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research firms that follow TreeHouse Foods.

TreeHouse Foods (NYSE:THS) last released its quarterly earnings results on Thursday, August 1st. The company reported $0.36 EPS for the quarter, topping the Zacks’ consensus estimate of $0.29 by $0.07. TreeHouse Foods had a positive return on equity of 5.73% and a negative net margin of 3.80%. The company had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.30 billion. During the same quarter last year, the firm posted $0.37 earnings per share. TreeHouse Foods’s revenue was down 14.1% compared to the same quarter last year.

THS has been the topic of several research analyst reports. BMO Capital Markets upgraded shares of TreeHouse Foods from a “market perform” rating to an “outperform” rating and set a $54.54 target price on the stock in a report on Thursday, July 18th. Stifel Nicolaus upgraded shares of TreeHouse Foods from a “hold” rating to a “buy” rating and upped their price target for the company from $62.00 to $64.00 in a report on Thursday, August 1st. Finally, Zacks Investment Research raised shares of TreeHouse Foods from a “sell” rating to a “hold” rating and set a $63.00 price objective for the company in a research report on Thursday, August 1st. Six research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. TreeHouse Foods presently has a consensus rating of “Buy” and an average price target of $60.87.

In other news, VP Thomas Emmet Oneill III sold 6,850 shares of TreeHouse Foods stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $50.21, for a total value of $343,938.50. Following the sale, the vice president now directly owns 121,183 shares in the company, valued at $6,084,598.43. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Lori G. Roberts sold 3,134 shares of the business’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $54.28, for a total transaction of $170,113.52. Following the completion of the sale, the senior vice president now directly owns 3,038 shares in the company, valued at approximately $164,902.64. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 14,606 shares of company stock valued at $760,211. 1.50% of the stock is owned by corporate insiders.

A number of institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in TreeHouse Foods by 0.9% during the 2nd quarter. Vanguard Group Inc. now owns 5,695,995 shares of the company’s stock worth $308,153,000 after buying an additional 51,939 shares in the last quarter. BlackRock Inc. increased its position in shares of TreeHouse Foods by 1.8% in the second quarter. BlackRock Inc. now owns 4,998,543 shares of the company’s stock valued at $270,420,000 after acquiring an additional 90,185 shares during the last quarter. Russell Investments Group Ltd. raised its holdings in TreeHouse Foods by 42.0% during the second quarter. Russell Investments Group Ltd. now owns 1,733,649 shares of the company’s stock worth $93,790,000 after acquiring an additional 512,609 shares in the last quarter. APG Asset Management N.V. raised its holdings in TreeHouse Foods by 51.5% during the second quarter. APG Asset Management N.V. now owns 857,300 shares of the company’s stock worth $40,727,000 after acquiring an additional 291,600 shares in the last quarter. Finally, Wells Fargo & Company MN raised its holdings in TreeHouse Foods by 19.3% during the second quarter. Wells Fargo & Company MN now owns 840,944 shares of the company’s stock worth $45,495,000 after acquiring an additional 136,191 shares in the last quarter.

NYSE THS traded up $0.36 during trading hours on Friday, reaching $58.62. 5,206 shares of the company’s stock were exchanged, compared to its average volume of 456,062. The company’s 50-day moving average is $53.64 and its two-hundred day moving average is $57.37. TreeHouse Foods has a one year low of $41.18 and a one year high of $67.88. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.71 and a current ratio of 1.71. The company has a market capitalization of $3.12 billion, a price-to-earnings ratio of 26.56, a price-to-earnings-growth ratio of 1.64 and a beta of 0.73.

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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