TreeHouse Foods (THS) Issues Earnings Results

TreeHouse Foods (NYSE:THS) posted its earnings results on Thursday. The company reported $1.02 EPS for the quarter, beating analysts’ consensus estimates of $0.93 by $0.09, Bloomberg Earnings reports. The business had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.70 billion. TreeHouse Foods had a negative net margin of 4.06% and a positive return on equity of 6.61%. The company’s revenue for the quarter was down 4.3% on a year-over-year basis. During the same quarter last year, the firm posted $1.14 EPS.

Shares of TreeHouse Foods (NYSE:THS) traded down $4.38 during trading on Thursday, hitting $38.63. 2,029,489 shares of the stock were exchanged, compared to its average volume of 824,138. 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 $36.35 and a 52-week high of $90.42. The stock has a market cap of $2,368.14, a P/E ratio of -8.53, a P/E/G ratio of 2.30 and a beta of 0.42.

TreeHouse Foods declared that its Board of Directors has initiated a share repurchase program on Thursday, November 2nd that permits the company to repurchase $400.00 million in outstanding shares. This repurchase authorization permits the company to reacquire shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company’s leadership believes its shares are undervalued.

A number of research firms have commented on THS. Jefferies Group reissued a “buy” rating and set a $68.00 target price on shares of TreeHouse Foods in a research report on Thursday. Susquehanna Bancshares set a $44.00 target price on shares of TreeHouse Foods and gave the company a “hold” rating in a research report on Monday. Credit Suisse Group reissued a “hold” rating and set a $48.00 target price on shares of TreeHouse Foods in a research report on Friday, February 9th. Zacks Investment Research downgraded shares of TreeHouse Foods from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Finally, Wells Fargo & Co set a $46.00 target price on shares of TreeHouse Foods and gave the company a “hold” rating in a research report on Thursday, January 4th. Two research analysts have 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. The company has an average rating of “Hold” and an average target price of $55.83.

In other TreeHouse Foods news, CEO Sam K. Reed sold 11,480 shares of the business’s stock in a transaction that occurred on Thursday, December 7th. The shares were sold at an average price of $46.36, for a total transaction of $532,212.80. Following the sale, the chief executive officer now owns 81,147 shares of the company’s stock, valued at approximately $3,761,974.92. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Thomas Emmet Oneill III sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 5th. The stock was sold at an average price of $45.32, for a total transaction of $90,640.00. Following the sale, the vice president now directly owns 135,019 shares in the company, valued at approximately $6,119,061.08. The disclosure for this sale can be found here. In the last ninety days, insiders sold 36,440 shares of company stock worth $1,680,850. Insiders own 3.50% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in THS. Citigroup Inc. grew its position in TreeHouse Foods by 120.6% during the 2nd quarter. Citigroup Inc. now owns 1,286 shares of the company’s stock worth $105,000 after purchasing an additional 703 shares during the last quarter. Balter Liquid Alternatives LLC purchased a new stake in TreeHouse Foods during the 4th quarter worth approximately $174,000. State of Alaska Department of Revenue purchased a new stake in TreeHouse Foods during the 4th quarter worth approximately $197,000. ZWJ Investment Counsel Inc. purchased a new stake in TreeHouse Foods during the 3rd quarter worth approximately $212,000. Finally, Zions Bancorporation purchased a new stake in TreeHouse Foods during the 3rd quarter worth approximately $212,000.

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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.

Earnings History for TreeHouse Foods (NYSE:THS)

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