$1.09 Billion in Sales Expected for TreeHouse Foods, Inc. (NYSE:THS) This Quarter

Wall Street analysts expect TreeHouse Foods, Inc. (NYSE:THS) to report sales of $1.09 billion for the current quarter, according to Zacks Investment Research. Four analysts have provided estimates for TreeHouse Foods’ earnings. The highest sales estimate is $1.13 billion and the lowest is $1.05 billion. TreeHouse Foods posted sales of $1.08 billion during the same quarter last year, which would indicate a positive year over year growth rate of 0.9%. The firm is expected to announce its next earnings report before the market opens on Thursday, May 6th.

According to Zacks, analysts expect that TreeHouse Foods will report full year sales of $4.53 billion for the current year, with estimates ranging from $4.49 billion to $4.56 billion. For the next financial year, analysts forecast that the business will report sales of $4.62 billion, with estimates ranging from $4.53 billion to $4.70 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that cover TreeHouse Foods.

TreeHouse Foods (NYSE:THS) last posted its quarterly earnings data on Thursday, February 11th. The company reported $1.07 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.06 by $0.01. The firm had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.15 billion. TreeHouse Foods had a positive return on equity of 8.63% and a negative net margin of 0.12%.

THS has been the topic of a number of research reports. Truist downgraded TreeHouse Foods from a “buy” rating to a “hold” rating in a report on Friday, February 12th. Credit Suisse Group downgraded TreeHouse Foods from an “outperform” rating to a “neutral” rating and upped their target price for the company from $48.00 to $52.00 in a report on Friday, February 12th. JPMorgan Chase & Co. reiterated a “hold” rating and issued a $48.00 target price on shares of TreeHouse Foods in a report on Sunday, March 14th. Stifel Nicolaus downgraded TreeHouse Foods from a “buy” rating to a “hold” rating and set a $50.00 target price on the stock. in a report on Thursday, February 11th. Finally, Bank of America downgraded TreeHouse Foods from a “buy” rating to a “neutral” rating and set a $52.00 target price on the stock. in a report on Friday, February 12th. Eight research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $52.10.

Shares of THS traded down $0.41 during trading hours on Thursday, reaching $47.37. The company’s stock had a trading volume of 667,933 shares, compared to its average volume of 676,760. The firm has a market cap of $2.65 billion, a price-to-earnings ratio of -477.80, a P/E/G ratio of 2.08 and a beta of 0.61. TreeHouse Foods has a 1-year low of $35.15 and a 1-year high of $55.50. The company has a quick ratio of 0.96, a current ratio of 1.69 and a debt-to-equity ratio of 1.20. The company has a 50 day moving average of $51.80 and a two-hundred day moving average of $45.13.

In related news, SVP Clifford Braun sold 2,560 shares of the business’s stock in a transaction that occurred on Wednesday, March 31st. The stock was sold at an average price of $52.55, for a total value of $134,528.00. Following the completion of the sale, the senior vice president now owns 5,171 shares of the company’s stock, valued at approximately $271,736.05. The sale was disclosed in a document filed with the SEC, which is available at this link. Insiders own 1.40% of the company’s stock.

A number of institutional investors have recently made changes to their positions in THS. Morgan Stanley boosted its position in TreeHouse Foods by 78.5% during the third quarter. Morgan Stanley now owns 27,203 shares of the company’s stock worth $1,103,000 after purchasing an additional 11,959 shares during the period. Sei Investments Co. boosted its position in TreeHouse Foods by 11.5% during the third quarter. Sei Investments Co. now owns 241,029 shares of the company’s stock worth $9,773,000 after purchasing an additional 24,947 shares during the period. Strs Ohio boosted its position in TreeHouse Foods by 17.6% during the third quarter. Strs Ohio now owns 38,169 shares of the company’s stock worth $1,546,000 after purchasing an additional 5,706 shares during the period. Private Asset Management Inc. boosted its position in TreeHouse Foods by 7.4% during the fourth quarter. Private Asset Management Inc. now owns 26,031 shares of the company’s stock worth $1,106,000 after purchasing an additional 1,800 shares during the period. Finally, Diversified Trust Co boosted its position in TreeHouse Foods by 1.6% during the fourth quarter. Diversified Trust Co now owns 20,525 shares of the company’s stock worth $872,000 after purchasing an additional 324 shares during the period.

TreeHouse Foods Company Profile

TreeHouse Foods, Inc manufactures and distributes private label packaged foods and beverages in the United States and internationally. It operates in two segments, Meal Preparation, and Snacking & Beverages. The Meal Preparation segment provides aseptic cheese and pudding products; baking and mix powders; hot cereals; jams, preserves, and jellies; liquid and powdered non-dairy creamers; macaroni and cheese; mayonnaise; Mexican, barbeque, and other sauces; pastas; pickles and related products; powdered soups and gravies; refrigerated and shelf stable dressings and sauces; refrigerated dough; single serve hot beverages; skillet dinners; and table and flavored syrups.

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

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