Q3 2017 EPS Estimates for Treehouse Foods, Inc. (THS) Decreased by SunTrust Banks
Treehouse Foods, Inc. (NYSE:THS) – SunTrust Banks lowered their Q3 2017 earnings per share (EPS) estimates for Treehouse Foods in a research note issued on Thursday. SunTrust Banks analyst W. Chappell now anticipates that the company will earn $0.80 per share for the quarter, down from their prior forecast of $0.91. SunTrust Banks also issued estimates for Treehouse Foods’ FY2017 earnings at $3.26 EPS, Q1 2018 earnings at $0.73 EPS and Q2 2018 earnings at $0.70 EPS.
Several other equities research analysts have also issued reports on the stock. Zacks Investment Research lowered shares of Treehouse Foods from a “buy” rating to a “hold” rating in a research report on Thursday, April 27th. BMO Capital Markets reissued a “buy” rating and issued a $90.00 price objective on shares of Treehouse Foods in a research report on Tuesday, June 13th. Stephens raised shares of Treehouse Foods from an “equal weight” rating to an “overweight” rating and set a $90.00 price objective for the company in a research report on Friday, May 5th. Wedbush lowered shares of Treehouse Foods from an “outperform” rating to a “neutral” rating in a research report on Monday, May 15th. Finally, BidaskClub lowered shares of Treehouse Foods from a “buy” rating to a “hold” rating in a research report on Wednesday, June 28th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $86.40.
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Treehouse Foods (NYSE THS) opened at 74.48 on Monday. Treehouse Foods has a 1-year low of $62.64 and a 1-year high of $100.51. The firm has a 50 day moving average of $81.93 and a 200 day moving average of $81.83. The firm’s market cap is $4.24 billion.
Treehouse Foods (NYSE:THS) last posted its quarterly earnings results on Thursday, August 3rd. The company reported $0.51 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $0.02. The business had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $1.54 billion. Treehouse Foods had a negative net margin of 3.90% and a positive return on equity of 6.50%. The company’s quarterly revenue was down 1.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.54 earnings per share.
A number of hedge funds and other institutional investors have recently made changes to their positions in THS. State Street Corp raised its position in shares of Treehouse Foods by 2.2% in the first quarter. State Street Corp now owns 1,445,476 shares of the company’s stock valued at $122,367,000 after buying an additional 31,440 shares in the last quarter. Principal Financial Group Inc. raised its position in shares of Treehouse Foods by 2.3% in the first quarter. Principal Financial Group Inc. now owns 229,757 shares of the company’s stock valued at $19,451,000 after buying an additional 5,142 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Treehouse Foods by 8.2% in the first quarter. Geode Capital Management LLC now owns 427,437 shares of the company’s stock valued at $36,186,000 after buying an additional 32,354 shares in the last quarter. Israel Discount Bank of New York bought a new position in shares of Treehouse Foods during the first quarter valued at $140,000. Finally, Ameriprise Financial Inc. raised its position in shares of Treehouse Foods by 2.0% in the first quarter. Ameriprise Financial Inc. now owns 215,756 shares of the company’s stock valued at $18,266,000 after buying an additional 4,308 shares in the last quarter.
In related news, CAO Thomas Emmet Oneill III sold 14,430 shares of the firm’s stock in a transaction on 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 completion of the sale, the chief accounting officer now directly owns 130,708 shares of the company’s stock, valued at approximately $9,999,162. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Erik Thomas Kahler sold 5,700 shares of the firm’s stock in a transaction on Thursday, June 15th. The shares were sold at an average price of $79.34, for a total transaction of $452,238.00. Following the sale, the senior vice president now directly owns 28,857 shares of the company’s stock, valued at $2,289,514.38. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 28,330 shares of company stock valued at $2,183,843. Company insiders own 3.50% of the company’s stock.
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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