Brokerages expect Treehouse Foods, Inc. (NYSE:THS) to post sales of $1.68 billion for the current fiscal quarter, according to Zacks Investment Research. Six analysts have issued estimates for Treehouse Foods’ earnings, with the lowest sales estimate coming in at $1.66 billion and the highest estimate coming in at $1.71 billion. Treehouse Foods posted sales of $1.78 billion in the same quarter last year, which suggests a negative year over year growth rate of 5.6%. The firm is scheduled to announce its next earnings results on Thursday, February 8th.

On average, analysts expect that Treehouse Foods will report full year sales of $1.68 billion for the current financial year, with estimates ranging from $6.27 billion to $6.32 billion. For the next financial year, analysts anticipate that the firm will post sales of $6.20 billion per share, with estimates ranging from $6.08 billion to $6.26 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Treehouse Foods.

Treehouse Foods (NYSE:THS) last posted its earnings results on Thursday, November 2nd. The company reported $0.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.11). The company had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.52 billion. Treehouse Foods had a positive return on equity of 6.61% and a negative net margin of 4.06%. The business’s quarterly revenue was down 2.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.70 EPS.

A number of research firms recently commented on THS. Zacks Investment Research raised shares of Treehouse Foods from a “sell” rating to a “hold” rating in a research report on Monday, October 30th. Jefferies Group set a $100.00 price target on shares of Treehouse Foods and gave the stock a “buy” rating in a research report on Sunday, October 29th. UBS Group began coverage on shares of Treehouse Foods in a research report on Wednesday, October 18th. They set a “neutral” rating and a $70.00 price target on the stock. Susquehanna Bancshares reaffirmed a “hold” rating and set a $75.00 price target on shares of Treehouse Foods in a research report on Monday, October 9th. Finally, Bank of America began coverage on shares of Treehouse Foods in a research report on Tuesday, September 19th. They set a “neutral” rating and a $68.00 price target on the stock. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $59.90.

In other news, CEO Sam K. Reed sold 11,480 shares of the firm’s 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 transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Gary Dale Smith purchased 2,000 shares of Treehouse Foods stock in a transaction dated Tuesday, November 7th. The stock was bought at an average price of $42.64 per share, for a total transaction of $85,280.00. Following the completion of the purchase, the director now owns 271 shares in the company, valued at approximately $11,555.44. The disclosure for this purchase can be found here. Over the last three months, insiders sold 36,440 shares of company stock worth $1,889,212. Insiders own 3.50% of the company’s stock.

A number of large investors have recently bought and sold shares of the stock. Sterling Capital Management LLC lifted its position in shares of Treehouse Foods by 0.5% in the 2nd quarter. Sterling Capital Management LLC now owns 3,047 shares of the company’s stock worth $249,000 after purchasing an additional 14 shares during the period. Comerica Securities Inc. increased its position in shares of Treehouse Foods by 1.2% during the second quarter. Comerica Securities Inc. now owns 3,757 shares of the company’s stock valued at $307,000 after buying an additional 45 shares during the period. Utah Retirement Systems increased its position in shares of Treehouse Foods by 1.0% during the second quarter. Utah Retirement Systems now owns 10,100 shares of the company’s stock valued at $825,000 after buying an additional 100 shares during the period. M&T Bank Corp increased its position in shares of Treehouse Foods by 4.3% during the second quarter. M&T Bank Corp now owns 4,723 shares of the company’s stock valued at $386,000 after buying an additional 194 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Treehouse Foods by 11.2% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,982 shares of the company’s stock valued at $162,000 after buying an additional 199 shares during the period.

Treehouse Foods (NYSE:THS) traded up $0.28 during midday trading on Thursday, hitting $49.38. 767,100 shares of the stock were exchanged, compared to its average volume of 829,350. The company has a current ratio of 2.16, a quick ratio of 0.81 and a debt-to-equity ratio of 1.01. The firm has a market cap of $2,809.26, a PE ratio of -10.81, a PEG ratio of 2.73 and a beta of 0.49. Treehouse Foods has a one year low of $40.26 and a one year high of $90.42.

Treehouse Foods declared that its board has approved a stock repurchase plan on Thursday, November 2nd that permits the company to repurchase $400.00 million in outstanding shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s leadership believes its shares are undervalued.

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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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Earnings History and Estimates for Treehouse Foods (NYSE:THS)

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