TreeHouse Foods Inc. (THS) Expected to Post Earnings of $0.93 Per Share

Wall Street analysts predict that TreeHouse Foods Inc. (NYSE:THS) will report $0.93 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Six analysts have made estimates for TreeHouse Foods’ earnings, with the highest EPS estimate coming in at $0.96 and the lowest estimate coming in at $0.89. TreeHouse Foods reported earnings per share of $1.14 in the same quarter last year, which suggests a negative year-over-year growth rate of 18.4%. The company is expected to announce its next quarterly earnings report before the market opens on Thursday, February 15th.

According to Zacks, analysts expect that TreeHouse Foods will report full-year earnings of $2.73 per share for the current year, with EPS estimates ranging from $2.70 to $2.76. For the next financial year, analysts expect that the company will post earnings of $2.78 per share, with EPS estimates ranging from $2.45 to $3.32. Zacks Investment Research’s earnings per share averages 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 quarterly earnings results on Thursday, November 2nd. The company reported $0.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.78 by ($0.11). TreeHouse Foods had a negative net margin of 4.06% and a positive return on equity of 6.61%. The firm had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.52 billion. During the same quarter in the prior year, the business earned $0.70 EPS. TreeHouse Foods’s revenue was down 2.4% on a year-over-year basis.

A number of equities research analysts recently issued reports on the company. Zacks Investment Research raised 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 TreeHouse Foods and gave the stock a “buy” rating in a research report on Sunday, October 29th. UBS Group started coverage on 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, Stifel Nicolaus lowered TreeHouse Foods from a “buy” rating to a “hold” rating and lowered their price target for the stock from $84.00 to $44.00 in a research report on Thursday, November 2nd. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $59.90.

In related news, CEO Sam K. Reed sold 11,480 shares of the stock in a transaction that occurred on Monday, January 8th. The stock was sold at an average price of $49.72, for a total transaction of $570,785.60. Following the completion of the sale, the chief executive officer now directly owns 81,147 shares of the company’s stock, valued at $4,034,628.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Gary Dale Smith purchased 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 7th. The shares were acquired at an average cost of $42.64 per share, with a total value of $85,280.00. Following the completion of the transaction, the director now directly owns 271 shares of the company’s stock, valued at approximately $11,555.44. The disclosure for this purchase can be found here. Insiders have sold 36,440 shares of company stock valued at $1,684,179 over the last ninety days. 3.50% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently modified their holdings of the stock. Sterling Capital Management LLC increased its position in TreeHouse Foods by 0.5% in the second quarter. Sterling Capital Management LLC now owns 3,047 shares of the company’s stock worth $249,000 after buying an additional 14 shares during the last quarter. M&T Bank Corp increased its position in TreeHouse Foods by 4.3% in the second quarter. M&T Bank Corp now owns 4,723 shares of the company’s stock worth $386,000 after buying an additional 194 shares during the last quarter. Ameritas Investment Partners Inc. increased its position in TreeHouse Foods by 1.8% in the second quarter. Ameritas Investment Partners Inc. now owns 17,039 shares of the company’s stock worth $1,392,000 after buying an additional 296 shares during the last quarter. Parallax Volatility Advisers L.P. increased its position in TreeHouse Foods by 30.9% in the second quarter. Parallax Volatility Advisers L.P. now owns 1,874 shares of the company’s stock worth $153,000 after buying an additional 442 shares during the last quarter. Finally, Stephens Inc. AR increased its position in TreeHouse Foods by 12.1% in the second quarter. Stephens Inc. AR now owns 4,288 shares of the company’s stock worth $350,000 after buying an additional 463 shares during the last quarter.

TreeHouse Foods (THS) traded down $0.57 during midday trading on Friday, hitting $49.52. The stock had a trading volume of 617,300 shares, compared to its average volume of 708,917. The firm has a market capitalization of $2,830.00, a price-to-earnings ratio of -10.98, a P/E/G ratio of 2.72 and a beta of 0.49. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.81 and a current ratio of 2.16. TreeHouse Foods has a 52 week low of $40.26 and a 52 week high of $90.42.

TreeHouse Foods announced that its Board of Directors has approved a share buyback plan on Thursday, November 2nd that allows the company to buyback $400.00 million in shares. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its stock is undervalued.

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

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