Brokerages Expect TreeHouse Foods Inc. (NYSE:THS) Will Announce Quarterly Sales of $1.38 Billion

Equities analysts forecast that TreeHouse Foods Inc. (NYSE:THS) will report $1.38 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 $1.39 billion and the lowest estimate coming in at $1.35 billion. TreeHouse Foods posted sales of $1.39 billion during the same quarter last year, which suggests a negative year-over-year growth rate of 0.7%. The company is scheduled to issue its next earnings results on Thursday, November 7th.

According to Zacks, analysts expect that TreeHouse Foods will report full-year sales of $5.46 billion for the current year, with estimates ranging from $5.43 billion to $5.50 billion. For the next fiscal year, analysts anticipate that the company will report sales of $5.43 billion, with estimates ranging from $5.32 billion to $5.58 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that that provide coverage for 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 analysts’ consensus estimates of $0.29 by $0.07. TreeHouse Foods had a positive return on equity of 5.61% and a negative net margin of 0.97%. The company had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.30 billion. During the same quarter last year, the company earned $0.37 earnings per share. The firm’s revenue for the quarter was down 14.1% compared to the same quarter last year.

THS has been the subject of several recent analyst reports. Zacks Investment Research raised TreeHouse Foods from a “sell” rating to a “hold” rating and set a $63.00 price target for the company in a report on Thursday. Wells Fargo & Co raised TreeHouse Foods from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $60.00 to $80.00 in a report on Monday, April 29th. ValuEngine downgraded TreeHouse Foods from a “buy” rating to a “hold” rating in a report on Tuesday, May 7th. Stifel Nicolaus raised TreeHouse Foods from a “hold” rating to a “buy” rating and raised their price target for the stock from $62.00 to $64.00 in a report on Thursday. Finally, BMO Capital Markets raised TreeHouse Foods from a “market perform” rating to an “outperform” rating and set a $54.54 price target for the company in a report on Thursday, July 18th. Eight equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $58.58.

NYSE THS traded up $0.27 during trading on Friday, hitting $57.07. The company’s stock had a trading volume of 901,346 shares, compared to its average volume of 472,037. The company has a current ratio of 1.64, a quick ratio of 0.62 and a debt-to-equity ratio of 1.17. The company has a market capitalization of $3.33 billion, a P/E ratio of 25.94, a PEG ratio of 2.60 and a beta of 0.73. The firm’s 50 day moving average is $56.15. TreeHouse Foods has a fifty-two week low of $41.18 and a fifty-two week high of $67.88.

In other news, SVP Christopher Wilkins sold 1,888 shares of the firm’s stock in a transaction dated Tuesday, May 14th. The stock was sold at an average price of $58.25, for a total value of $109,976.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Clifford Braun sold 2,103 shares of the firm’s stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $57.77, for a total value of $121,490.31. The disclosure for this sale can be found here. In the last three months, insiders sold 17,398 shares of company stock valued at $982,472. Corporate insiders own 1.50% of the company’s stock.

Large investors have recently made changes to their positions in the company. Quadrant Capital Group LLC raised its stake in shares of TreeHouse Foods by 287.2% in the first 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 first quarter valued at approximately $77,000. Machina Capital S.A.S. purchased a new position in TreeHouse Foods during the second quarter valued at approximately $100,000. O Shaughnessy Asset Management LLC purchased a new position in TreeHouse Foods during the first quarter valued at approximately $115,000. Finally, BNP Paribas Arbitrage SA raised its position in TreeHouse Foods by 82.6% during the first quarter. BNP Paribas Arbitrage SA now owns 2,443 shares of the company’s stock valued at $158,000 after acquiring an additional 1,105 shares in the last quarter.

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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