TreeHouse Foods (NYSE:THS) announced its quarterly earnings results on Thursday. The company reported $0.55 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.58 by ($0.03), Briefing.com reports. The firm had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.08 billion. TreeHouse Foods had a negative net margin of 3.80% and a positive return on equity of 5.73%. The company’s quarterly revenue was down 5.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.57 EPS. TreeHouse Foods updated its Q4 guidance to $1.03-1.23 EPS.
THS opened at $49.09 on Friday. The business has a 50 day moving average price of $54.17 and a 200 day moving average price of $55.34. TreeHouse Foods has a twelve month low of $44.60 and a twelve month high of $67.88. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.71 and a current ratio of 1.71. The firm has a market cap of $3.11 billion, a P/E ratio of 22.31, a price-to-earnings-growth ratio of 1.61 and a beta of 0.72.
Several brokerages recently commented on THS. Peel Hunt reissued a “buy” rating on shares of TreeHouse Foods in a research note on Tuesday, October 22nd. Stifel Nicolaus raised TreeHouse Foods from a “hold” rating to a “buy” rating and boosted their price target for the company from $62.00 to $64.00 in a research note on Thursday, August 1st. Zacks Investment Research raised TreeHouse Foods from a “hold” rating to a “buy” rating and set a $62.00 price target for the company in a research note on Thursday, September 12th. ValuEngine cut TreeHouse Foods from a “hold” rating to a “sell” rating in a research note on Wednesday, October 2nd. Finally, BMO Capital Markets raised TreeHouse Foods from a “market perform” rating to an “outperform” rating and set a $54.54 price target for the company in a research note on Thursday, July 18th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have issued a buy rating to the company’s stock. TreeHouse Foods currently has an average rating of “Buy” and an average target price of $63.95.
TreeHouse Foods Company Profile
TreeHouse Foods, Inc operates as a food and beverage manufacturer in the United States, Canada, and Italy. The company operates through Baked Goods, Beverages, Condiments, Meals, and Snacks segments. The Baked Goods segment offers candies, cookies, crackers, in-store bakery products, pita chips, pretzels, refrigerated dough, retail griddle waffles, pancakes, and French toasts.
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