TreeHouse Foods Inc. (THS) Expected to Announce Quarterly Sales of $1.30 Billion

Analysts expect TreeHouse Foods Inc. (NYSE:THS) to report $1.30 billion in sales for the current quarter, Zacks Investment Research reports. Five analysts have provided estimates for TreeHouse Foods’ earnings, with the highest sales estimate coming in at $1.31 billion and the lowest estimate coming in at $1.29 billion. TreeHouse Foods posted sales of $1.46 billion in the same quarter last year, which would indicate a negative year-over-year growth rate of 11%. The company is expected to report its next quarterly earnings results on Thursday, August 1st.

On average, analysts expect that TreeHouse Foods will report full year sales of $5.45 billion for the current year, with estimates ranging from $5.38 billion to $5.50 billion. For the next financial year, analysts anticipate that the company will report sales of $5.42 billion, with estimates ranging from $5.22 billion to $5.58 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that follow TreeHouse Foods.

TreeHouse Foods (NYSE:THS) last released its earnings results on Thursday, May 2nd. The company reported $0.13 EPS for the quarter, beating the consensus estimate of $0.11 by $0.02. TreeHouse Foods had a negative net margin of 0.97% and a positive return on equity of 5.61%. The firm had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.31 billion. During the same period last year, the firm earned $0.18 EPS. The business’s quarterly revenue was down 12.2% compared to the same quarter last year.

A number of equities research analysts have recently weighed in on the stock. ValuEngine downgraded shares of TreeHouse Foods from a “buy” rating to a “hold” rating in a research note on Tuesday, May 7th. BMO Capital Markets raised their price target on shares of TreeHouse Foods to $55.00 and gave the company a “market perform” rating in a research note on Friday, February 15th. Bank of America restated a “neutral” rating and issued a $58.00 price target (up from $55.00) on shares of TreeHouse Foods in a research note on Wednesday, January 23rd. Credit Suisse Group set a $55.00 price target on shares of TreeHouse Foods and gave the company a “hold” rating in a research note on Friday, February 15th. Finally, Wells Fargo & Co upgraded shares of TreeHouse Foods from a “market perform” rating to an “outperform” rating and raised their price target for the company from $60.00 to $80.00 in a research note on Monday, April 29th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the company. TreeHouse Foods presently has an average rating of “Hold” and a consensus target price of $56.85.

THS stock opened at $58.44 on Friday. TreeHouse Foods has a 12 month low of $41.18 and a 12 month high of $67.88. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.62 and a current ratio of 1.64. The stock has a market capitalization of $3.29 billion, a price-to-earnings ratio of 26.56, a PEG ratio of 2.54 and a beta of 0.56.

In other TreeHouse Foods news, Director Gary Dale Smith bought 3,000 shares of the business’s stock in a transaction that occurred on Monday, May 6th. The shares were acquired at an average cost of $56.51 per share, for a total transaction of $169,530.00. Following the transaction, the director now directly owns 2,250 shares in the company, valued at $127,147.50. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Thomas Emmet Oneill III sold 10,618 shares of TreeHouse Foods stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $56.95, for a total transaction of $604,695.10. Following the sale, the vice president now owns 124,117 shares in the company, valued at $7,068,463.15. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 14,609 shares of company stock worth $836,161. 1.50% of the stock is currently owned by corporate insiders.

A number of large investors have recently bought and sold shares of THS. Hudson Executive Capital LP acquired a new stake in TreeHouse Foods during the 4th quarter worth approximately $125,237,000. Norges Bank acquired a new stake in TreeHouse Foods during the 4th quarter worth approximately $46,657,000. Thrivent Financial for Lutherans boosted its position in TreeHouse Foods by 6,304.9% during the 4th quarter. Thrivent Financial for Lutherans now owns 870,168 shares of the company’s stock worth $44,127,000 after buying an additional 856,582 shares during the period. Wells Fargo & Company MN boosted its position in TreeHouse Foods by 591.6% during the 1st quarter. Wells Fargo & Company MN now owns 704,753 shares of the company’s stock worth $45,492,000 after buying an additional 848,113 shares during the period. Finally, Man Group plc boosted its position in TreeHouse Foods by 1,578.7% during the 1st quarter. Man Group plc now owns 290,611 shares of the company’s stock worth $18,759,000 after buying an additional 273,299 shares during the period.

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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