TreeHouse Foods Stock Rating Reaffirmed by Bank of America (THS)
The analysts wrote, “After the close on 7/15/14, THS announced preliminary 2Q sales of approximately $625mn and earnings ‘very close’ to consensus estimates. Consensus is currently at $0.83, in line with our updated estimate. The company also provided a little more detail around 2Q revenues: 1) Growth of more than 18% y/y, driven by ~14% contribution from acquisitions; 2) Organic sales (vol/mix driven) growth of ~5% and FX headwind of 1%; 3) NA Retail is expected to have vol/mix growth of ~6%, driven by beverages (single serve), as well as pickles and salad dressings, which recorded year over year growth. We maintain our $0.83 estimate, but adjust our model to reflect stronger revenue growth, offset by lower than expected margins and higher than expected share count.”
A number of other firms have also recently commented on THS. Analysts at Zacks upgraded shares of TreeHouse Foods from a “neutral” rating to an “outperform” rating in a research note on Wednesday, July 2nd. They now have a $83.00 price target on the stock. Separately, analysts at Citigroup Inc. reiterated a “buy” rating on shares of TreeHouse Foods in a research note on Tuesday, July 1st. They now have a $93.00 price target on the stock, up previously from $86.00. Finally, analysts at Credit Suisse reiterated a “neutral” rating on shares of TreeHouse Foods in a research note on Monday, April 28th. They now have a $72.00 price target on the stock. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $78.13.
TreeHouse Foods (NYSE:THS) traded up 1.16% during mid-day trading on Friday, hitting $76.09. The stock had a trading volume of 220,145 shares. TreeHouse Foods has a 1-year low of $62.76 and a 1-year high of $83.19. The stock’s 50-day moving average is $77.62 and its 200-day moving average is $72.35. The company has a market cap of $2.798 billion and a P/E ratio of 36.01.
TreeHouse Foods (NYSE:THS) last released its earnings data on Thursday, May 8th. The company reported $0.80 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.79 by $0.01. The company had revenue of $618.90 million for the quarter, compared to the consensus estimate of $617.01 million. During the same quarter in the prior year, the company posted $0.74 earnings per share. The company’s quarterly revenue was up 14.6% on a year-over-year basis. Analysts expect that TreeHouse Foods will post $3.68 EPS for the current fiscal year.
TreeHouse Foods, Inc (NYSE:THS) is a food manufacturer servicing the retail grocery and foodservice distribution channels.
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