Brokerages forecast that TreeHouse Foods Inc. (NYSE:THS) will report earnings per share of $0.29 for the current fiscal quarter, Zacks reports. Six analysts have provided estimates for TreeHouse Foods’ earnings, with estimates ranging from $0.24 to $0.30. TreeHouse Foods posted earnings of $0.37 per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 21.6%. The business is scheduled to announce its next earnings results before the market opens on Thursday, August 1st.

On average, analysts expect that TreeHouse Foods will report full year earnings of $2.33 per share for the current fiscal year, with EPS estimates ranging from $2.25 to $2.38. For the next fiscal year, analysts forecast that the business will post earnings of $2.90 per share, with EPS estimates ranging from $2.75 to $3.12. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover TreeHouse Foods.

TreeHouse Foods (NYSE:THS) last issued its quarterly earnings results on Thursday, May 2nd. The company reported $0.13 EPS for the quarter, topping the consensus estimate of $0.11 by $0.02. TreeHouse Foods had a negative net margin of 0.97% and a positive return on equity of 5.61%. The company had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.31 billion. During the same quarter in the previous year, the company earned $0.18 EPS. TreeHouse Foods’s revenue was down 12.2% on a year-over-year basis.

Several brokerages have recently commented on THS. BMO Capital Markets lowered their price target on shares of Comerica to $78.00 and set a “market perform” rating for the company in a research report on Thursday, July 18th. Wells Fargo & Co began coverage on shares of Tradeweb Markets in a research report on Monday, April 29th. They set a “market perform” rating and a $40.00 price target for the company. Finally, ValuEngine cut shares of Whiting USA Trust II from a “hold” rating to a “sell” rating in a research report on Tuesday, May 7th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $56.81.

In related news, COO Clifford Braun sold 2,103 shares of the business’s stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $57.77, for a total transaction of $121,490.31. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Maurice Alkemade sold 2,789 shares of the business’s stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $52.46, for a total transaction of $146,310.94. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 17,398 shares of company stock valued at $982,472. Corporate insiders own 1.50% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in THS. Northern Trust Corp raised its position in shares of TreeHouse Foods by 0.8% during the 4th quarter. Northern Trust Corp now owns 441,351 shares of the company’s stock worth $22,381,000 after purchasing an additional 3,711 shares during the last quarter. Bessemer Group Inc. raised its position in shares of TreeHouse Foods by 34.8% during the 4th quarter. Bessemer Group Inc. now owns 778 shares of the company’s stock worth $39,000 after purchasing an additional 201 shares during the last quarter. Brown Advisory Inc. acquired a new position in shares of TreeHouse Foods during the 4th quarter worth approximately $238,000. Geode Capital Management LLC raised its position in shares of TreeHouse Foods by 3.8% during the 4th quarter. Geode Capital Management LLC now owns 544,375 shares of the company’s stock worth $27,605,000 after purchasing an additional 20,018 shares during the last quarter. Finally, Two Sigma Advisers LP acquired a new position in shares of TreeHouse Foods during the 4th quarter worth approximately $1,689,000.

Shares of NYSE:THS traded up $0.04 during trading on Thursday, hitting $59.68. 500,514 shares of the company’s stock were exchanged, compared to its average volume of 587,748. TreeHouse Foods has a 1-year low of $41.18 and a 1-year high of $67.88. The company’s 50-day moving average is $55.83. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.62 and a current ratio of 1.64. The company has a market capitalization of $3.37 billion, a price-to-earnings ratio of 27.13, a P/E/G ratio of 2.62 and a beta of 0.75.

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 and Estimates for TreeHouse Foods (NYSE:THS)

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