Treehouse Foods, Inc. (THS) Updates Q4 Earnings Guidance
Treehouse Foods, Inc. (NYSE:THS) updated its fourth quarter earnings guidance on Thursday. The company provided earnings per share guidance of $0.91-1.01 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.28.
A number of equities research analysts have weighed in on the company. William Blair lowered Treehouse Foods from an outperform rating to a market perform rating in a research report on Thursday. Stephens lowered Treehouse Foods from an overweight rating to an equal weight rating in a research report on Thursday. BMO Capital Markets reaffirmed a buy rating and set a $85.00 target price on shares of Treehouse Foods in a research report on Thursday. Credit Suisse Group set a $68.00 target price on Treehouse Foods and gave the company a neutral rating in a research report on Tuesday. Finally, Susquehanna Bancshares Inc set a $74.00 target price on Treehouse Foods and gave the company a hold rating in a research report on Monday. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and four have issued a buy rating to the company’s stock. Treehouse Foods presently has an average rating of Hold and an average target price of $79.15.
Treehouse Foods (NYSE:THS) last announced its quarterly earnings data on Wednesday, November 1st. The company reported $0.67 EPS for the quarter, missing the Zacks’ consensus estimate of $0.78 by ($0.11). The firm had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.52 billion. Treehouse Foods had a negative net margin of 3.90% and a positive return on equity of 6.54%. Treehouse Foods’s revenue for the quarter was down 2.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.70 EPS.
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 transaction of $775,818.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.50% of the stock is currently owned by company insiders.
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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