Brokerages Expect TreeHouse Foods (THS) to Announce $0.14 Earnings Per Share

Wall Street analysts expect TreeHouse Foods (NYSE:THS) to announce earnings of $0.14 per share for the current fiscal quarter, Zacks Investment Research reports. Six analysts have issued estimates for TreeHouse Foods’ earnings, with the highest EPS estimate coming in at $0.18 and the lowest estimate coming in at $0.11. TreeHouse Foods reported earnings per share of $0.61 during the same quarter last year, which suggests a negative year over year growth rate of 77%. The company is scheduled to report its next earnings report before the market opens on Thursday, May 3rd.

On average, analysts expect that TreeHouse Foods will report full year earnings of $2.09 per share for the current financial year, with EPS estimates ranging from $2.00 to $2.18. For the next fiscal year, analysts anticipate that the firm will report earnings of $2.53 per share, with EPS estimates ranging from $2.31 to $3.02. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side analysts that follow TreeHouse Foods.

TreeHouse Foods (NYSE:THS) last posted its earnings results on Thursday, February 15th. The company reported $1.02 EPS for the quarter, topping analysts’ consensus estimates of $0.93 by $0.09. TreeHouse Foods had a negative net margin of 4.54% and a positive return on equity of 6.49%. The business had revenue of $1.70 billion during the quarter, compared to the consensus estimate of $1.70 billion. During the same quarter in the previous year, the firm posted $1.14 EPS. The firm’s revenue was down 4.3% on a year-over-year basis.

A number of research firms have commented on THS. Zacks Investment Research downgraded shares of TreeHouse Foods from a “hold” rating to a “strong sell” rating in a research report on Monday, February 19th. Stifel Nicolaus dropped their price target on shares of TreeHouse Foods from $44.00 to $40.00 and set a “hold” rating on the stock in a research note on Friday, February 16th. Credit Suisse Group reiterated a “hold” rating and set a $48.00 price target on shares of TreeHouse Foods in a research note on Friday, February 9th. Jefferies Group reiterated a “buy” rating and set a $68.00 price target on shares of TreeHouse Foods in a research note on Thursday, February 15th. Finally, Wells Fargo set a $46.00 price target on shares of TreeHouse Foods and gave the stock a “hold” rating in a research note on Thursday, January 4th. Four research analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have issued a buy rating to the stock. TreeHouse Foods has a consensus rating of “Hold” and a consensus target price of $53.51.

NYSE:THS opened at $39.57 on Friday. The company has a quick ratio of 0.94, a current ratio of 2.48 and a debt-to-equity ratio of 1.12. TreeHouse Foods has a 12 month low of $36.35 and a 12 month high of $90.42. The company has a market capitalization of $2,217.83, a price-to-earnings ratio of 13.98, a P/E/G ratio of 3.81 and a beta of 0.52.

In related news, CEO Sam K. Reed sold 11,480 shares of TreeHouse Foods stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $42.44, for a total transaction of $487,211.20. Following the transaction, the chief executive officer now owns 81,147 shares in the company, valued at approximately $3,443,878.68. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Thomas Emmet Oneill III sold 36,100 shares of TreeHouse Foods stock in a transaction on Tuesday, March 6th. The shares were sold at an average price of $42.02, for a total transaction of $1,516,922.00. Following the transaction, the vice president now owns 168,479 shares in the company, valued at approximately $7,079,487.58. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 70,540 shares of company stock worth $2,924,829. 3.60% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in THS. Levin Capital Strategies L.P. lifted its stake in shares of TreeHouse Foods by 69.0% during the 4th quarter. Levin Capital Strategies L.P. now owns 3,592,216 shares of the company’s stock valued at $177,671,000 after buying an additional 1,466,030 shares in the last quarter. Southpoint Capital Advisors LP bought a new stake in TreeHouse Foods in the 4th quarter valued at $54,406,000. Arrowstreet Capital Limited Partnership bought a new stake in TreeHouse Foods in the 4th quarter valued at $22,442,000. Cramer Rosenthal Mcglynn LLC increased its holdings in TreeHouse Foods by 46.5% in the 4th quarter. Cramer Rosenthal Mcglynn LLC now owns 1,311,311 shares of the company’s stock valued at $64,857,000 after acquiring an additional 416,001 shares during the last quarter. Finally, Neuberger Berman Group LLC increased its holdings in TreeHouse Foods by 130.2% in the 3rd quarter. Neuberger Berman Group LLC now owns 706,996 shares of the company’s stock valued at $47,885,000 after acquiring an additional 399,825 shares during the last quarter.

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

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