Equities analysts expect that TreeHouse Foods Inc. (NYSE:THS) will post earnings of $0.14 per share for the current quarter, Zacks reports. Six analysts have made estimates for TreeHouse Foods’ earnings, with estimates ranging from $0.11 to $0.18. TreeHouse Foods posted earnings per share of $0.61 in the same quarter last year, which indicates a negative year-over-year growth rate of 77%. The firm is expected to announce its next earnings report on Thursday, May 3rd.
According to Zacks, analysts expect that TreeHouse Foods will report full year earnings of $2.09 per share for the current fiscal year, with EPS estimates ranging from $2.00 to $2.18. For the next fiscal year, analysts forecast that the firm will post earnings of $2.57 per share, with EPS estimates ranging from $2.33 to $3.02. Zacks’ EPS calculations are a mean average based on a survey of research analysts that follow TreeHouse Foods.
TreeHouse Foods (NYSE:THS) last issued its earnings results on Thursday, February 15th. The company reported $1.02 earnings per share for the quarter, topping analysts’ consensus estimates of $0.93 by $0.09. The firm had revenue of $1.70 billion during the quarter, compared to analyst estimates of $1.70 billion. TreeHouse Foods had a negative net margin of 4.54% and a positive return on equity of 6.49%. The company’s quarterly revenue was down 4.3% on a year-over-year basis. During the same quarter last year, the business earned $1.14 earnings per share.
TreeHouse Foods (THS) opened at $42.02 on Friday. The company has a current ratio of 2.48, a quick ratio of 0.94 and a debt-to-equity ratio of 1.12. The firm has a market cap of $2,373.16, a PE ratio of -8.39, a price-to-earnings-growth ratio of 4.07 and a beta of 0.60. TreeHouse Foods has a 1 year low of $36.35 and a 1 year high of $90.42.
In related news, CEO Sam K. Reed sold 11,480 shares of the firm’s stock in a transaction that occurred on Monday, January 8th. The shares were sold at an average price of $49.72, for a total value of $570,785.60. Following the sale, the chief executive officer now directly owns 81,147 shares of the company’s stock, valued at $4,034,628.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Thomas Emmet Oneill III sold 36,100 shares of the firm’s stock in a transaction that occurred on Tuesday, March 6th. The shares were sold at an average price of $42.02, for a total transaction of $1,516,922.00. Following the completion of the sale, the vice president now directly owns 168,479 shares in the company, valued at $7,079,487.58. The disclosure for this sale can be found here. Insiders sold 70,540 shares of company stock worth $3,050,650 over the last ninety days. 3.50% of the stock is currently owned by insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in THS. Levin Capital Strategies L.P. raised its stake in TreeHouse Foods by 69.0% in the fourth quarter. Levin Capital Strategies L.P. now owns 3,592,216 shares of the company’s stock valued at $177,671,000 after purchasing an additional 1,466,030 shares in the last quarter. Southpoint Capital Advisors LP purchased a new stake in TreeHouse Foods in the fourth quarter valued at approximately $54,406,000. Wells Fargo & Company MN raised its stake in TreeHouse Foods by 12.2% in the third quarter. Wells Fargo & Company MN now owns 5,133,963 shares of the company’s stock valued at $347,723,000 after purchasing an additional 557,363 shares in the last quarter. Arrowstreet Capital Limited Partnership purchased a new stake in TreeHouse Foods in the fourth quarter valued at approximately $22,442,000. Finally, Cramer Rosenthal Mcglynn LLC raised its stake in TreeHouse Foods by 46.5% in the fourth quarter. Cramer Rosenthal Mcglynn LLC now owns 1,311,311 shares of the company’s stock valued at $64,857,000 after purchasing an additional 416,001 shares in the last quarter.
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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, cereals, pasta and dry dinners, cookies and crackers, retail bakery, aseptic products, jams and other products.
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