TreeHouse Foods Inc. (NYSE:THS) Expected to Post Quarterly Sales of $1.11 Billion

Wall Street brokerages expect that TreeHouse Foods Inc. (NYSE:THS) will report $1.11 billion in sales for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for TreeHouse Foods’ earnings, with estimates ranging from $1.06 billion to $1.17 billion. TreeHouse Foods reported sales of $1.39 billion during the same quarter last year, which would suggest a negative year-over-year growth rate of 20.1%. The firm is expected to announce its next quarterly earnings report on Thursday, November 7th.

According to Zacks, analysts expect that TreeHouse Foods will report full year sales of $4.52 billion for the current fiscal year, with estimates ranging from $4.38 billion to $4.77 billion. For the next fiscal year, analysts expect that the business will post sales of $4.46 billion, with estimates ranging from $4.35 billion to $4.60 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that cover TreeHouse Foods.

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

A number of research firms have commented on THS. Zacks Investment Research upgraded shares of TreeHouse Foods from a “hold” rating to a “buy” rating and set a $62.00 price target on the stock in a research report on Thursday. Stifel Nicolaus upgraded shares of TreeHouse Foods from a “hold” rating to a “buy” rating and boosted their target price for the stock from $62.00 to $64.00 in a report on Thursday, August 1st. Finally, 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. Five research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $60.78.

Shares of THS stock traded up $0.38 during midday trading on Tuesday, reaching $58.55. 6,723 shares of the company were exchanged, compared to its average volume of 470,146. TreeHouse Foods has a 12 month low of $41.18 and a 12 month high of $67.88. The company has a market cap of $3.27 billion, a P/E ratio of 26.58, a PEG ratio of 1.72 and a beta of 0.73. The company’s 50 day moving average price is $53.67 and its two-hundred day moving average price is $57.36. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.71 and a current ratio of 1.71.

In other TreeHouse Foods news, SVP Lori G. Roberts sold 3,134 shares of TreeHouse Foods stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $54.28, for a total value 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 $164,902.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 transaction of $343,938.50. Following the completion of the sale, the vice president now owns 121,183 shares of the company’s stock, valued at $6,084,598.43. The disclosure for this sale can be found here. Insiders sold 14,606 shares of company stock valued at $760,211 over the last quarter. Corporate insiders own 1.50% of the company’s stock.

Several institutional investors have recently modified their holdings of the company. Dalton Greiner Hartman Maher & Co. raised its stake in TreeHouse Foods by 5.1% during the 2nd quarter. Dalton Greiner Hartman Maher & Co. now owns 189,264 shares of the company’s stock valued at $10,239,000 after purchasing an additional 9,111 shares during the last quarter. BlackRock Inc. raised its stake in TreeHouse Foods by 1.8% during the 2nd quarter. BlackRock Inc. now owns 4,998,543 shares of the company’s stock valued at $270,420,000 after purchasing an additional 90,185 shares during the last quarter. United Services Automobile Association raised its stake in TreeHouse Foods by 15.5% during the 2nd quarter. United Services Automobile Association now owns 12,415 shares of the company’s stock valued at $672,000 after purchasing an additional 1,670 shares during the last quarter. Nuveen Asset Management LLC acquired a new position in TreeHouse Foods during the 2nd quarter valued at $11,813,000. Finally, Victory Capital Management Inc. acquired a new position in TreeHouse Foods during the 2nd quarter valued at $3,986,000.

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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