Treehouse Foods, Inc. (THS) Scheduled to Post Quarterly Earnings on Wednesday
Treehouse Foods, Inc. (NYSE:THS) is scheduled to be announcing its earnings results before the market opens on Wednesday, November 1st. Analysts expect the company to announce earnings of $0.78 per share for the quarter. Treehouse Foods has set its Q3 guidance at $0.75-0.83 EPS and its FY17 guidance at $3.15-3.30 EPS.
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 6.54%. 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. On average, analysts expect Treehouse Foods to post $3.19 EPS for the current fiscal year and $3.71 EPS for the next fiscal year.
Treehouse Foods, Inc. (NYSE THS) opened at 66.24 on Wednesday. The firm’s market cap is $3.79 billion. Treehouse Foods, Inc. has a 1-year low of $62.64 and a 1-year high of $90.42. The firm has a 50 day moving average of $67.34 and a 200 day moving average of $76.22.
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In other news, CEO Sam K. Reed sold 11,480 shares of Treehouse Foods stock in a transaction that occurred on Monday, October 9th. The shares were sold at an average price of $67.58, for a total value of $775,818.40. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 3.50% of the company’s stock.
A number of analysts have commented on the stock. Vertical Group downgraded shares of Treehouse Foods from a “buy” rating to a “hold” rating and dropped their price target for the stock from $100.61 to $62.64 in a research report on Friday, August 4th. Vertical Research downgraded shares of Treehouse Foods from a “buy” rating to a “hold” rating in a research report on Friday, August 4th. UBS AG downgraded shares of Treehouse Foods from a “positive” rating to a “neutral” rating in a research report on Friday, August 4th. BMO Capital Markets dropped their price target on shares of Treehouse Foods from $90.00 to $85.00 and set an “outperform” rating on the stock in a research report on Friday, August 4th. Finally, Jefferies Group LLC restated a “buy” rating and set a $100.00 price target on shares of Treehouse Foods in a research report on Tuesday, September 26th. 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 stock. The stock presently has an average rating of “Hold” and a consensus target price of $80.36.
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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