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Brokerages Anticipate TreeHouse Foods Inc. (THS) Will Announce Earnings of $0.65 Per Share

TreeHouse Foods logoEquities research analysts predict that TreeHouse Foods Inc. (NYSE:THS) will post earnings of $0.65 per share for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have provided estimates for TreeHouse Foods’ earnings. The highest EPS estimate is $0.68 and the lowest is $0.62. TreeHouse Foods reported earnings per share of $0.48 in the same quarter last year, which would suggest a positive year-over-year growth rate of 35.4%. The business is expected to announce its next earnings results before the market opens on Thursday, May 4th.

On average, analysts expect that TreeHouse Foods will report full year earnings of $3.62 per share for the current financial year, with EPS estimates ranging from $3.53 to $3.70. For the next financial year, analysts anticipate that the company will report earnings of $4.83 per share, with EPS estimates ranging from $4.60 to $5.18. Zacks’ EPS calculations are an average based on a survey of analysts that follow TreeHouse Foods.

TreeHouse Foods (NYSE:THS) last announced its quarterly earnings data on Thursday, February 9th. The company reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.09 by $0.05. TreeHouse Foods had a positive return on equity of 5.89% and a negative net margin of 3.76%. The firm earned $1.78 billion during the quarter, compared to analysts’ expectations of $1.73 billion. During the same period last year, the business posted $1.08 earnings per share. The company’s revenue for the quarter was up 105.3% compared to the same quarter last year.

THS has been the subject of a number of analyst reports. Stifel Nicolaus increased their target price on TreeHouse Foods from $83.00 to $93.00 and gave the stock a “buy” rating in a research note on Friday, February 10th. Zacks Investment Research raised TreeHouse Foods from a “hold” rating to a “buy” rating and set a $99.00 target price for the company in a research note on Wednesday, April 12th. BMO Capital Markets raised TreeHouse Foods from a “market perform” rating to an “outperform” rating and set a $90.00 target price for the company in a research note on Monday, January 30th. They noted that the move was a valuation call. Finally, JPMorgan Chase & Co. reissued an “overweight” rating and set a $95.00 target price on shares of TreeHouse Foods in a research note on Monday, April 3rd. One analyst has rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $94.29.

Shares of TreeHouse Foods (NYSE:THS) traded up 2.32% on Wednesday, hitting $89.94. The stock had a trading volume of 632,875 shares. TreeHouse Foods has a 52-week low of $62.64 and a 52-week high of $104.53. The firm’s 50-day moving average price is $85.73 and its 200 day moving average price is $79.00. The firm’s market cap is $5.11 billion.

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In related news, Director Frank Joseph Oconnell sold 8,200 shares of the firm’s stock in a transaction that occurred on Tuesday, February 28th. The stock was sold at an average price of $85.00, for a total value of $697,000.00. Following the completion of the transaction, the director now directly owns 11,000 shares of the company’s stock, valued at approximately $935,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Dennis F. Riordan sold 15,000 shares of the firm’s stock in a transaction that occurred on Friday, March 31st. The shares were sold at an average price of $84.50, for a total value of $1,267,500.00. Following the completion of the transaction, the president now directly owns 72,767 shares of the company’s stock, valued at $6,148,811.50. The disclosure for this sale can be found here. Company insiders own 3.40% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the stock. First Republic Investment Management Inc. increased its position in TreeHouse Foods by 0.7% in the fourth quarter. First Republic Investment Management Inc. now owns 3,006 shares of the company’s stock valued at $217,000 after buying an additional 22 shares during the last quarter. Advantus Capital Management Inc increased its position in TreeHouse Foods by 1.5% in the third quarter. Advantus Capital Management Inc now owns 6,934 shares of the company’s stock valued at $605,000 after buying an additional 100 shares during the last quarter. Neuberger Berman Group LLC increased its position in TreeHouse Foods by 3.1% in the third quarter. Neuberger Berman Group LLC now owns 3,414 shares of the company’s stock valued at $298,000 after buying an additional 104 shares during the last quarter. State of Alaska Department of Revenue increased its position in TreeHouse Foods by 6.4% in the third quarter. State of Alaska Department of Revenue now owns 1,888 shares of the company’s stock valued at $164,000 after buying an additional 113 shares during the last quarter. Finally, Capstone Asset Management Co. increased its position in TreeHouse Foods by 3.5% in the first quarter. Capstone Asset Management Co. now owns 7,456 shares of the company’s stock valued at $631,000 after buying an additional 250 shares during the last quarter.

TreeHouse Foods Company Profile

TreeHouse Foods, Inc is a consumer packaged food and beverage manufacturer. The Company’s segments include North American Retail Grocery, Food Away From Home, and Industrial and Export. The Company manufactures a range of shelf stable, refrigerated, fresh and frozen products. Its product categories include beverages, salad dressings, snack nuts, beverage enhancers, pickles, sauces, soup and infant feeding, cereals, pasta and dry dinners, cookies and crackers, retail bakery, aseptic products, jams and other products.

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