Treehouse Foods, Inc. (NYSE:THS) – Stock analysts at William Blair reduced their Q3 2017 earnings per share (EPS) estimates for shares of Treehouse Foods in a report issued on Thursday. William Blair analyst J. Andersen now forecasts that the company will post earnings per share of $0.75 for the quarter, down from their prior forecast of $0.90. William Blair also issued estimates for Treehouse Foods’ FY2017 earnings at $3.15 EPS.

Treehouse Foods (NYSE:THS) last announced its quarterly earnings results on Thursday, August 3rd. The company reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.02. The company had revenue of $1.52 billion for the quarter, compared to the consensus estimate of $1.54 billion. Treehouse Foods had a positive return on equity of 6.50% and a negative net margin of 3.90%. The firm’s revenue for the quarter was down 1.2% compared to the same quarter last year. During the same period last year, the firm earned $0.54 EPS.

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A number of other research analysts have also commented on the stock. Zacks Investment Research lowered shares of Treehouse Foods from a “buy” rating to a “hold” rating in a research note on Thursday, April 27th. BMO Capital Markets restated a “buy” rating and issued a $90.00 price objective on shares of Treehouse Foods in a research note on Tuesday, June 13th. Stephens upgraded shares of Treehouse Foods from an “equal weight” rating to an “overweight” rating and set a $90.00 price objective on the stock in a research note on Friday, May 5th. Wedbush lowered shares of Treehouse Foods from an “outperform” rating to a “neutral” rating in a research note on Monday, May 15th. Finally, BidaskClub lowered shares of Treehouse Foods from a “buy” rating to a “hold” rating in a research note on Wednesday, June 28th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the company. Treehouse Foods presently has a consensus rating of “Hold” and a consensus target price of $86.40.

Shares of Treehouse Foods (THS) opened at 74.48 on Monday. The firm’s market capitalization is $4.24 billion. Treehouse Foods has a 12 month low of $62.64 and a 12 month high of $100.51. The firm’s 50-day moving average price is $81.93 and its 200 day moving average price is $81.83.

A number of hedge funds and other institutional investors have recently modified their holdings of THS. BlackRock Inc. raised its position in shares of Treehouse Foods by 9,591.4% in the first quarter. BlackRock Inc. now owns 4,652,270 shares of the company’s stock valued at $393,860,000 after buying an additional 4,604,266 shares during the last quarter. Public Employees Retirement Association of Colorado raised its position in shares of Treehouse Foods by 5,074.5% in the second quarter. Public Employees Retirement Association of Colorado now owns 574,840 shares of the company’s stock valued at $46,959,000 after buying an additional 563,731 shares during the last quarter. American Century Companies Inc. raised its position in shares of Treehouse Foods by 52.2% in the first quarter. American Century Companies Inc. now owns 1,451,296 shares of the company’s stock valued at $122,867,000 after buying an additional 497,893 shares during the last quarter. Jennison Associates LLC raised its position in shares of Treehouse Foods by 80.8% in the second quarter. Jennison Associates LLC now owns 975,817 shares of the company’s stock valued at $79,714,000 after buying an additional 436,163 shares during the last quarter. Finally, Tudor Investment Corp ET AL raised its position in shares of Treehouse Foods by 331.1% in the first quarter. Tudor Investment Corp ET AL now owns 431,092 shares of the company’s stock valued at $36,496,000 after buying an additional 331,092 shares during the last quarter.

In other news, CAO Thomas Emmet Oneill III sold 14,430 shares of the business’s stock in a transaction dated Monday, May 15th. The shares were sold at an average price of $76.50, for a total transaction of $1,103,895.00. Following the transaction, the chief accounting officer now directly owns 130,708 shares in the company, valued at $9,999,162. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Terdema L. Ussery II sold 8,200 shares of the business’s stock in a transaction dated Thursday, May 18th. The stock was sold at an average price of $76.55, for a total transaction of $627,710.00. Following the transaction, the director now owns 10,610 shares in the company, valued at $812,195.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 28,330 shares of company stock worth $2,183,843. Company insiders own 3.50% of the company’s stock.

About Treehouse Foods

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.

Earnings History and Estimates for Treehouse Foods (NYSE:THS)

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