TreeHouse Foods (NYSE:THS) Releases Earnings Results

TreeHouse Foods (NYSE:THS) announced its quarterly earnings data on Thursday. The company reported $0.36 EPS for the quarter, beating the Zacks’ consensus estimate of $0.29 by $0.07, Morningstar.com reports. TreeHouse Foods had a negative net margin of 0.97% and a positive return on equity of 5.61%. The company had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.30 billion. During the same period in the prior year, the firm posted $0.37 EPS. The company’s quarterly revenue was down 14.1% compared to the same quarter last year. TreeHouse Foods updated its Q3 guidance to $0.52-0.62 EPS and its FY19 guidance to $2.33-2.63 EPS.

NYSE THS opened at $56.80 on Friday. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.64 and a quick ratio of 0.62. The firm has a fifty day moving average of $56.11. The stock has a market cap of $3.35 billion, a P/E ratio of 25.82, a price-to-earnings-growth ratio of 2.62 and a beta of 0.74. TreeHouse Foods has a 12 month low of $41.18 and a 12 month high of $67.88.

A number of equities research analysts have commented on the stock. Wells Fargo & Co raised shares of TreeHouse Foods from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $60.00 to $80.00 in a research report on Monday, April 29th. BMO Capital Markets raised shares of TreeHouse Foods from a “market perform” rating to an “outperform” rating and set a $54.54 price objective on the stock in a research report on Thursday, July 18th. ValuEngine downgraded shares of TreeHouse Foods from a “buy” rating to a “hold” rating in a research report on Tuesday, May 7th. Zacks Investment Research raised shares of TreeHouse Foods from a “sell” rating to a “hold” rating and set a $63.00 price objective on the stock in a research report on Thursday. Finally, Stifel Nicolaus raised shares of TreeHouse Foods from a “hold” rating to a “buy” rating and increased their price objective for the company from $62.00 to $64.00 in a research report on Thursday. Eight investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $58.58.

In other TreeHouse Foods news, SVP Maurice Alkemade sold 2,789 shares of the firm’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $52.46, for a total transaction of $146,310.94. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Christopher Wilkins sold 1,888 shares of the firm’s stock in a transaction on Tuesday, May 14th. The stock was sold at an average price of $58.25, for a total transaction of $109,976.00. The disclosure for this sale can be found here. Insiders sold a total of 17,398 shares of company stock worth $982,472 over the last ninety days. Insiders own 1.50% of the company’s stock.

Institutional investors have recently modified their holdings of the business. Quadrant Capital Group LLC grew its position in TreeHouse Foods by 287.2% during the 1st quarter. Quadrant Capital Group LLC now owns 573 shares of the company’s stock worth $36,000 after purchasing an additional 425 shares during the last quarter. Investors Research Corp purchased a new position in TreeHouse Foods during the 1st quarter worth $77,000. Machina Capital S.A.S. purchased a new position in TreeHouse Foods during the 2nd quarter worth $100,000. O Shaughnessy Asset Management LLC purchased a new position in TreeHouse Foods during the 1st quarter worth $115,000. Finally, BNP Paribas Arbitrage SA grew its position in TreeHouse Foods by 82.6% during the 1st quarter. BNP Paribas Arbitrage SA now owns 2,443 shares of the company’s stock worth $158,000 after purchasing an additional 1,105 shares during the last quarter.

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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Earnings History for TreeHouse Foods (NYSE:THS)

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