Equities analysts predict that TreeHouse Foods Inc. (NYSE:THS) will announce $1.43 billion in sales for the current quarter, according to Zacks Investment Research. Six analysts have provided estimates for TreeHouse Foods’ earnings, with the lowest sales estimate coming in at $1.39 billion and the highest estimate coming in at $1.46 billion. TreeHouse Foods reported sales of $1.54 billion in the same quarter last year, which indicates a negative year over year growth rate of 7.1%. The firm is expected to issue its next quarterly earnings results on Thursday, May 3rd.
On average, analysts expect that TreeHouse Foods will report full year sales of $1.43 billion for the current financial year, with estimates ranging from $5.97 billion to $6.07 billion. For the next year, analysts forecast that the firm will report sales of $6.05 billion per share, with estimates ranging from $5.91 billion to $6.13 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for TreeHouse Foods.
TreeHouse Foods (NYSE:THS) last released its quarterly earnings data on Thursday, February 15th. The company reported $1.02 EPS for the quarter, topping the consensus estimate of $0.93 by $0.09. TreeHouse Foods had a positive return on equity of 6.49% and a negative net margin of 4.54%. The company had revenue of $1.70 billion during the quarter, compared to the consensus estimate of $1.70 billion. During the same period last year, the company earned $1.14 EPS. TreeHouse Foods’s revenue for the quarter was down 4.3% on a year-over-year basis.
In other news, CEO Sam K. Reed sold 11,480 shares of TreeHouse Foods stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $42.44, for a total transaction of $487,211.20. Following the transaction, the chief executive officer now directly owns 81,147 shares of the company’s stock, valued at approximately $3,443,878.68. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Thomas Emmet Oneill III sold 36,100 shares of TreeHouse Foods stock in a transaction dated Tuesday, March 6th. The shares were sold at an average price of $42.02, for a total value of $1,516,922.00. Following the transaction, the vice president now directly owns 168,479 shares in the company, valued at $7,079,487.58. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 70,540 shares of company stock worth $3,050,650. Insiders own 3.60% of the company’s stock.
Several hedge funds have recently bought and sold shares of the company. Levin Capital Strategies L.P. lifted its holdings in TreeHouse Foods by 69.0% in the 4th quarter. Levin Capital Strategies L.P. now owns 3,592,216 shares of the company’s stock worth $177,671,000 after purchasing an additional 1,466,030 shares in the last quarter. Southpoint Capital Advisors LP purchased a new position in TreeHouse Foods in the 4th quarter worth approximately $54,406,000. Wells Fargo & Company MN lifted its holdings in TreeHouse Foods by 12.2% in the 3rd quarter. Wells Fargo & Company MN now owns 5,133,963 shares of the company’s stock worth $347,723,000 after purchasing an additional 557,363 shares in the last quarter. Arrowstreet Capital Limited Partnership purchased a new position in TreeHouse Foods in the 4th quarter worth approximately $22,442,000. Finally, Cramer Rosenthal Mcglynn LLC lifted its holdings in TreeHouse Foods by 46.5% in the 4th quarter. Cramer Rosenthal Mcglynn LLC now owns 1,311,311 shares of the company’s stock worth $64,857,000 after purchasing an additional 416,001 shares in the last quarter.
Shares of TreeHouse Foods (THS) opened at $42.87 on Tuesday. The stock has a market capitalization of $2,460.00, a PE ratio of -6.26, a price-to-earnings-growth ratio of 4.07 and a beta of 0.60. TreeHouse Foods has a 52 week low of $36.35 and a 52 week high of $90.42. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.94 and a current ratio of 2.48.
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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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