Treehouse Foods, Inc. (THS) Scheduled to Post Quarterly Earnings on Thursday
Treehouse Foods, Inc. (NYSE:THS) will be announcing its earnings results before the market opens on Thursday, August 3rd. Analysts expect the company to announce earnings of $0.49 per share for the quarter. Treehouse Foods has set its Q2 guidance at $0.45-0.55 EPS and its FY17 guidance at $3.50-3.70 EPS.
Treehouse Foods (NYSE:THS) last posted its quarterly earnings results on Thursday, May 4th. The company reported $0.61 EPS for the quarter, missing the Zacks’ consensus estimate of $0.65 by $0.04. The firm had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.54 billion. Treehouse Foods had a positive return on equity of 6.50% and a negative net margin of 3.12%. The firm’s revenue for the quarter was up 20.9% on a year-over-year basis. During the same quarter last year, the business posted $0.48 earnings per share. On average, analysts expect Treehouse Foods to post $3.51 EPS for the current fiscal year and $4.55 EPS for the next fiscal year.
Treehouse Foods, Inc. (NYSE THS) opened at 85.27 on Thursday. The firm’s market capitalization is $4.86 billion. The company has a 50-day moving average price of $81.23 and a 200-day moving average price of $81.37. Treehouse Foods, Inc. has a 1-year low of $62.64 and a 1-year high of $104.18.
A number of equities research analysts recently commented on the stock. Zacks Investment Research upgraded shares of Treehouse Foods from a “sell” rating to a “hold” rating in a report on Tuesday, July 4th. J P Morgan Chase & Co reaffirmed an “overweight” rating and issued a $95.00 target price on shares of Treehouse Foods in a research report on Monday, April 3rd. BMO Capital Markets reaffirmed a “buy” rating on shares of Treehouse Foods in a research report on Tuesday, July 18th. Stephens raised shares of Treehouse Foods from an “equal weight” rating to an “overweight” rating and set a $90.00 target price for the company in a research report on Monday, May 15th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and issued a $100.00 target price on shares of Treehouse Foods in a research report on Monday, May 15th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $93.57.
In other news, SVP Erik Thomas Kahler sold 5,700 shares of Treehouse Foods stock in a transaction dated Thursday, June 15th. The shares were sold at an average price of $79.34, for a total value of $452,238.00. Following the completion of the transaction, the senior vice president now owns 28,857 shares of the company’s stock, valued at approximately $2,289,514.38. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, President Dennis F. Riordan sold 15,000 shares of Treehouse Foods stock in a transaction dated Friday, April 28th. The shares were sold at an average price of $86.18, for a total transaction of $1,292,700.00. Following the completion of the transaction, the president now directly owns 72,767 shares of the company’s stock, valued at approximately $6,271,060.06. The disclosure for this sale can be found here. In the last ninety days, insiders sold 43,330 shares of company stock valued at $3,476,543. 3.50% of the stock is owned by insiders.
Treehouse Foods Company Profile
TreeHouse Foods, Inc is a consumer packaged food and beverage manufacturer. The Company’s segments include North American Retail Grocery, Food Away From Home, and Industrial and Export. The Company manufactures a range of shelf stable, refrigerated, fresh and frozen products. Its product categories include beverages, salad dressings, snack nuts, beverage enhancers, pickles, sauces, cereals, pasta and dry dinners, cookies and crackers, retail bakery, aseptic products, jams and other products.
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