$1.53 Billion in Sales Expected for Treehouse Foods, Inc. (THS) This Quarter
Analysts expect Treehouse Foods, Inc. (NYSE:THS) to post sales of $1.53 billion for the current fiscal quarter, Zacks Investment Research reports. Six analysts have issued estimates for Treehouse Foods’ earnings, with estimates ranging from $1.51 billion to $1.56 billion. Treehouse Foods posted sales of $1.59 billion in the same quarter last year, which suggests a negative year-over-year growth rate of 3.8%. The firm is expected to announce its next quarterly earnings report before the market opens on Thursday, November 2nd.
On average, analysts expect that Treehouse Foods will report full year sales of $1.53 billion for the current financial year, with estimates ranging from $6.27 billion to $6.33 billion. For the next year, analysts anticipate that the company will post sales of $6.24 billion per share, with estimates ranging from $6.15 billion to $6.31 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that cover Treehouse Foods.
Treehouse Foods (NYSE:THS) last issued its earnings results on Thursday, August 3rd. The company reported $0.51 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.02. The business had revenue of $1.52 billion for 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 6.54%. The firm’s revenue for the quarter was down 1.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.54 earnings per share.
A number of equities research analysts recently commented on THS shares. Zacks Investment Research raised Treehouse Foods from a “sell” rating to a “hold” rating in a research report on Tuesday, July 4th. BMO Capital Markets reissued a “buy” rating on shares of Treehouse Foods in a research report on Tuesday, July 18th. BidaskClub lowered Treehouse Foods from a “buy” rating to a “hold” rating in a research report on Wednesday, June 28th. Susquehanna Bancshares Inc reissued a “hold” rating and issued a $75.00 price target on shares of Treehouse Foods in a research report on Monday, October 9th. Finally, Barclays PLC lowered their price target on Treehouse Foods from $90.00 to $84.00 and set an “overweight” rating for the company in a research report on Friday, August 4th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the stock. Treehouse Foods presently has a consensus rating of “Hold” and an average price target of $80.36.
Treehouse Foods (THS) opened at 67.58 on Monday. The firm’s market capitalization is $3.86 billion. Treehouse Foods has a one year low of $62.64 and a one year high of $90.42. The company’s 50-day moving average is $67.40 and its 200-day moving average is $76.64.
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In other news, CEO Sam K. Reed sold 11,480 shares of the firm’s stock in a transaction on Thursday, September 7th. The stock was sold at an average price of $66.32, for a total transaction of $761,353.60. Following the completion of the sale, the chief executive officer now directly owns 70,647 shares of the company’s stock, valued at approximately $4,685,309.04. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 3.50% of the company’s stock.
A number of institutional investors and hedge funds have recently made changes to their positions in THS. Citigroup Inc. increased its holdings in Treehouse Foods by 120.6% in the 2nd quarter. Citigroup Inc. now owns 1,286 shares of the company’s stock worth $105,000 after acquiring an additional 703 shares during the last quarter. Creative Planning increased its holdings in Treehouse Foods by 28.8% in the 2nd quarter. Creative Planning now owns 1,379 shares of the company’s stock worth $113,000 after acquiring an additional 308 shares during the last quarter. FNY Partners Fund LP purchased a new stake in Treehouse Foods in the 1st quarter worth about $126,000. Parallax Volatility Advisers L.P. increased its holdings in Treehouse Foods by 30.9% in the 2nd quarter. Parallax Volatility Advisers L.P. now owns 1,874 shares of the company’s stock worth $153,000 after acquiring an additional 442 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Treehouse Foods by 11.2% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,982 shares of the company’s stock worth $162,000 after acquiring an additional 199 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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