Q2 2024 Earnings Estimate for TreeHouse Foods, Inc. Issued By William Blair (NYSE:THS)

TreeHouse Foods, Inc. (NYSE:THS) – Equities researchers at William Blair decreased their Q2 2024 earnings estimates for TreeHouse Foods in a report released on Monday, May 6th. William Blair analyst J. Andersen now expects that the company will post earnings per share of $0.11 for the quarter, down from their previous forecast of $0.37. The consensus estimate for TreeHouse Foods’ current full-year earnings is $2.22 per share. William Blair also issued estimates for TreeHouse Foods’ Q4 2024 earnings at $1.28 EPS and FY2024 earnings at $2.16 EPS.

TreeHouse Foods (NYSE:THS) last issued its quarterly earnings data on Monday, May 6th. The company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.01). The firm had revenue of $820.70 million during the quarter, compared to analyst estimates of $798.44 million. TreeHouse Foods had a return on equity of 8.09% and a net margin of 1.51%. The business’s quarterly revenue was down 3.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.68 EPS.

Several other research analysts have also weighed in on THS. Barclays decreased their price objective on shares of TreeHouse Foods from $39.00 to $36.00 and set an “equal weight” rating for the company in a report on Wednesday. TD Cowen cut their price objective on TreeHouse Foods from $38.00 to $37.00 and set a “hold” rating on the stock in a research note on Tuesday. StockNews.com lowered TreeHouse Foods from a “hold” rating to a “sell” rating in a research report on Wednesday. Truist Financial lowered TreeHouse Foods from a “buy” rating to a “hold” rating and dropped their price target for the company from $45.00 to $35.00 in a research report on Tuesday, February 20th. Finally, Stifel Nicolaus decreased their price objective on shares of TreeHouse Foods from $38.00 to $36.00 and set a “hold” rating for the company in a report on Tuesday. One research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. Based on data from MarketBeat, TreeHouse Foods currently has a consensus rating of “Hold” and a consensus target price of $42.67.

TreeHouse Foods Stock Performance

TreeHouse Foods stock opened at $34.79 on Thursday. The company has a current ratio of 1.50, a quick ratio of 0.74 and a debt-to-equity ratio of 0.84. The stock has a 50 day moving average of $37.01 and a 200-day moving average of $39.49. The stock has a market cap of $1.87 billion, a P/E ratio of 36.62 and a beta of 0.35. TreeHouse Foods has a 52 week low of $33.28 and a 52 week high of $54.52.

Institutional Trading of TreeHouse Foods

A number of large investors have recently modified their holdings of THS. NBC Securities Inc. acquired a new stake in shares of TreeHouse Foods in the third quarter valued at approximately $37,000. Central Pacific Bank Trust Division bought a new stake in shares of TreeHouse Foods during the first quarter valued at about $48,000. GAMMA Investing LLC acquired a new stake in shares of TreeHouse Foods in the 4th quarter worth approximately $52,000. TFO Wealth Partners LLC raised its holdings in TreeHouse Foods by 78,600.0% during the fourth quarter. TFO Wealth Partners LLC now owns 2,361 shares of the company’s stock worth $98,000 after purchasing an additional 2,358 shares in the last quarter. Finally, Quadrant Capital Group LLC raised its holdings in TreeHouse Foods by 62.2% during the fourth quarter. Quadrant Capital Group LLC now owns 2,469 shares of the company’s stock worth $102,000 after purchasing an additional 947 shares in the last quarter. Institutional investors and hedge funds own 99.81% of the company’s stock.

About TreeHouse Foods

TreeHouse Foods, Inc manufactures and distributes private brands snacks and beverages in the United States and internationally. The company provides snacking products, such as crackers, pretzels, in-store bakery items, frozen griddle items, cookies, and candies; and beverage and drink mixes, including non-dairy creamer, coffee, broths/stocks, powdered beverages and other blends, tea, and ready-to-drink-beverages.