TreeHouse Foods (NYSE:THS) Posts Quarterly Earnings Results, Misses Expectations By $0.03 EPS

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.

In related news, SVP Clifford Braun sold 901 shares of the business’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $51.64, for a total value of $46,527.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Lori G. Roberts sold 3,134 shares of the business’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $54.28, for a total value of $170,113.52. Following the completion of the sale, the senior vice president now owns 3,038 shares of the company’s stock, valued at $164,902.64. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 10,885 shares of company stock valued at $560,580. Corporate insiders own 1.50% of the company’s stock.

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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Earnings History for TreeHouse Foods (NYSE:THS)

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