Brokerages Anticipate TreeHouse Foods, Inc. (NYSE:THS) Will Announce Quarterly Sales of $1.09 Billion

Analysts expect TreeHouse Foods, Inc. (NYSE:THS) to report $1.09 billion in sales for the current quarter, according to Zacks. Four analysts have issued estimates for TreeHouse Foods’ earnings, with the lowest sales estimate coming in at $1.05 billion and the highest estimate coming in at $1.13 billion. TreeHouse Foods posted sales of $1.08 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 0.9%. The business is scheduled to announce its next earnings report on Thursday, May 6th.

On average, analysts expect that TreeHouse Foods will report full-year sales of $4.52 billion for the current year, with estimates ranging from $4.49 billion to $4.56 billion. For the next fiscal year, analysts anticipate that the company will post sales of $4.60 billion, with estimates ranging from $4.51 billion to $4.71 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that cover TreeHouse Foods.

TreeHouse Foods (NYSE:THS) last issued its earnings results on Thursday, February 11th. The company reported $1.07 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.06 by $0.01. TreeHouse Foods had a negative net margin of 0.12% and a positive return on equity of 8.63%.

THS has been the subject of several research reports. Bank of America downgraded shares of TreeHouse Foods from a “buy” rating to a “neutral” rating and set a $52.00 price objective for the company. in a research report on Friday, February 12th. Stifel Nicolaus downgraded shares of TreeHouse Foods from a “buy” rating to a “hold” rating and set a $50.00 price objective for the company. in a research report on Thursday, February 11th. JPMorgan Chase & Co. downgraded shares of TreeHouse Foods from an “overweight” rating to a “neutral” rating and cut their price objective for the stock from $47.00 to $46.00 in a research report on Friday, January 8th. Barclays raised their price objective on shares of TreeHouse Foods from $43.00 to $46.00 and gave the stock an “equal weight” rating in a research report on Tuesday, December 15th. Finally, Truist downgraded shares of TreeHouse Foods from a “buy” rating to a “hold” rating in a research report on Friday, February 12th. Eight equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $51.90.

THS stock traded up $0.34 during mid-day trading on Thursday, hitting $49.70. 15,086 shares of the company were exchanged, compared to its average volume of 903,455. The business has a 50 day simple moving average of $43.06 and a 200-day simple moving average of $41.59. The company has a current ratio of 1.69, a quick ratio of 0.96 and a debt-to-equity ratio of 1.20. The stock has a market capitalization of $2.78 billion, a PE ratio of -493.60, a price-to-earnings-growth ratio of 2.08 and a beta of 0.61. TreeHouse Foods has a 1-year low of $33.50 and a 1-year high of $53.98.

In other news, Director Frank Joseph Oconnell sold 2,800 shares of the firm’s stock in a transaction that occurred on Friday, December 18th. The shares were sold at an average price of $41.81, for a total transaction of $117,068.00. Following the transaction, the director now directly owns 600 shares of the company’s stock, valued at $25,086. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.40% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of THS. Clearbridge Investments LLC grew its stake in shares of TreeHouse Foods by 273.2% during the fourth quarter. Clearbridge Investments LLC now owns 666,661 shares of the company’s stock worth $28,326,000 after buying an additional 488,033 shares during the last quarter. Segall Bryant & Hamill LLC grew its stake in shares of TreeHouse Foods by 87.4% during the third quarter. Segall Bryant & Hamill LLC now owns 931,280 shares of the company’s stock worth $37,740,000 after buying an additional 434,356 shares during the last quarter. Lakewood Capital Management LP bought a new stake in shares of TreeHouse Foods during the fourth quarter worth $13,809,000. Great West Life Assurance Co. Can grew its stake in shares of TreeHouse Foods by 788.4% during the third quarter. Great West Life Assurance Co. Can now owns 254,282 shares of the company’s stock worth $2,062,000 after buying an additional 225,661 shares during the last quarter. Finally, AQR Capital Management LLC lifted its holdings in shares of TreeHouse Foods by 148.0% during the third quarter. AQR Capital Management LLC now owns 289,666 shares of the company’s stock worth $11,717,000 after purchasing an additional 172,854 shares during the period.

TreeHouse Foods Company Profile

TreeHouse Foods, Inc operates as a consumer packaged food and beverage manufacturer in the United States and internationally. The company operates through Baked Goods, Beverages, and Meal Solutions segments. The Baked Goods segment offers candies, cookies, crackers, in-store bakery products, pita chips, pretzels, refrigerated dough, retail griddle waffles, pancakes, French toasts, bars, and ready-to-eat cereals.

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Earnings History and Estimates for TreeHouse Foods (NYSE:THS)

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