Zacks: Analysts Expect Treehouse Foods, Inc. (THS) to Announce $0.77 EPS
Equities research analysts predict that Treehouse Foods, Inc. (NYSE:THS) will post earnings of $0.77 per share for the current quarter, Zacks reports. Six analysts have issued estimates for Treehouse Foods’ earnings. The lowest EPS estimate is $0.75 and the highest is $0.80. Treehouse Foods reported earnings of $0.70 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 10%. The business is scheduled to issue its next earnings report on Thursday, November 2nd.
According to Zacks, analysts expect that Treehouse Foods will report full-year earnings of $3.20 per share for the current financial year, with EPS estimates ranging from $3.15 to $3.26. For the next year, analysts forecast that the firm will post earnings of $4.51 per share, with EPS estimates ranging from $4.40 to $4.61. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that follow Treehouse Foods.
Treehouse Foods (NYSE:THS) last released its quarterly earnings results on Thursday, August 3rd. The company reported $0.51 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.49 by $0.02. The company had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.54 billion. Treehouse Foods had a negative net margin of 3.90% and a positive return on equity of 6.54%. The firm’s revenue was down 1.2% on a year-over-year basis. During the same quarter last year, the business earned $0.54 earnings per share.
A number of equities analysts have commented on THS shares. Zacks Investment Research upgraded shares of Treehouse Foods from a “hold” rating to a “buy” rating and set a $99.00 price objective for the company in a research report on Wednesday, April 12th. Stifel Nicolaus restated a “buy” rating and set a $93.00 price objective on shares of Treehouse Foods in a research report on Wednesday, April 26th. Stephens upgraded 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 downgraded shares of Treehouse Foods from an “outperform” rating to a “neutral” rating in a research report on Friday, May 5th. Finally, Wells Fargo & Company downgraded shares of Treehouse Foods from an “outperform” rating to a “market perform” rating in a research report on Friday, May 5th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the company’s stock. Treehouse Foods currently has an average rating of “Hold” and a consensus price target of $86.40.
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Shares of Treehouse Foods (NYSE THS) opened at 75.17 on Tuesday. Treehouse Foods has a 52-week low of $62.64 and a 52-week high of $100.51. The company’s 50-day moving average is $81.93 and its 200 day moving average is $81.83. The firm’s market cap is $4.28 billion.
In related news, CAO Thomas Emmet Oneill III sold 14,430 shares of the stock in a transaction dated Monday, May 15th. The shares were sold at an average price of $76.50, for a total value of $1,103,895.00. Following the sale, the chief accounting officer now directly owns 130,708 shares of the company’s stock, valued at approximately $9,999,162. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Terdema L. Ussery II sold 8,200 shares of the stock in a transaction dated Thursday, May 18th. The shares were sold at an average price of $76.55, for a total transaction of $627,710.00. Following the completion of the sale, the director now directly owns 10,610 shares in the company, valued at $812,195.50. The disclosure for this sale can be found here. Insiders sold a total of 28,330 shares of company stock valued at $2,183,843 in the last quarter. Insiders own 3.50% of the company’s stock.
Large investors have recently modified their holdings of the stock. State Street Corp boosted its stake 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 worth $122,367,000 after buying an additional 31,440 shares during the last quarter. Principal Financial Group Inc. boosted its stake 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 worth $19,451,000 after buying an additional 5,142 shares during the last quarter. Geode Capital Management LLC boosted its stake 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 worth $36,186,000 after buying an additional 32,354 shares during the last quarter. Israel Discount Bank of New York acquired a new stake in shares of Treehouse Foods during the first quarter worth approximately $140,000. Finally, Ameriprise Financial Inc. boosted its stake 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 worth $18,266,000 after buying an additional 4,308 shares during the last quarter.
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.
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