TreeHouse Foods Inc. (NYSE:THS) Expected to Earn Q4 2019 Earnings of $1.01 Per Share

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TreeHouse Foods Inc. (NYSE:THS) – Analysts at William Blair lowered their Q4 2019 EPS estimates for shares of TreeHouse Foods in a research report issued to clients and investors on Thursday, November 7th. William Blair analyst J. Andersen now forecasts that the company will post earnings of $1.01 per share for the quarter, down from their prior estimate of $1.21. William Blair also issued estimates for TreeHouse Foods’ FY2020 earnings at $2.55 EPS.

A number of other research firms also recently weighed in on THS. Zacks Investment Research upgraded TreeHouse Foods from a “hold” rating to a “buy” rating and set a $62.00 price objective for the company in a report on Thursday, September 12th. BMO Capital Markets upgraded TreeHouse Foods from a “market perform” rating to an “outperform” rating and set a $54.54 price objective for the company in a report on Thursday, July 18th. Barclays restated a “hold” rating on shares of TreeHouse Foods in a report on Sunday. Peel Hunt restated a “buy” rating on shares of TreeHouse Foods in a report on Tuesday, October 22nd. Finally, Stifel Nicolaus upgraded TreeHouse Foods from a “hold” rating to a “buy” rating and increased their price objective for the company from $62.00 to $64.00 in a report on Thursday, August 1st. One analyst has rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $63.95.

NYSE THS opened at $49.65 on Monday. The company has a market capitalization of $2.76 billion, a price-to-earnings ratio of 22.57, a PEG ratio of 1.61 and a beta of 0.72. TreeHouse Foods has a twelve month low of $44.60 and a twelve month high of $67.88. The stock has a fifty day simple moving average of $53.87 and a 200 day simple moving average of $55.20. The company has a quick ratio of 0.71, a current ratio of 1.71 and a debt-to-equity ratio of 1.24.

TreeHouse Foods (NYSE:THS) last posted its quarterly earnings data on Thursday, November 7th. The company reported $0.55 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.58 by ($0.03). The company had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.08 billion. TreeHouse Foods had a negative net margin of 3.80% and a positive return on equity of 5.73%. The business’s revenue for the quarter was down 5.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.57 earnings per share.

A number of institutional investors have recently modified their holdings of the business. Vanguard Group Inc. boosted its position in shares of TreeHouse Foods by 0.9% during the 2nd quarter. Vanguard Group Inc. now owns 5,695,995 shares of the company’s stock worth $308,153,000 after purchasing an additional 51,939 shares in the last quarter. BlackRock Inc. boosted its position in shares of TreeHouse Foods by 1.8% during the 2nd quarter. BlackRock Inc. now owns 4,998,543 shares of the company’s stock worth $270,420,000 after purchasing an additional 90,185 shares in the last quarter. Russell Investments Group Ltd. boosted its position in shares of TreeHouse Foods by 7.4% during the 3rd quarter. Russell Investments Group Ltd. now owns 1,862,598 shares of the company’s stock worth $103,280,000 after purchasing an additional 128,949 shares in the last quarter. APG Asset Management N.V. boosted its position in shares of TreeHouse Foods by 51.5% during the 2nd quarter. APG Asset Management N.V. now owns 857,300 shares of the company’s stock worth $40,727,000 after purchasing an additional 291,600 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its position in shares of TreeHouse Foods by 19.3% during the 2nd quarter. Wells Fargo & Company MN now owns 840,944 shares of the company’s stock worth $45,495,000 after purchasing an additional 136,191 shares in the last quarter.

In other TreeHouse Foods news, VP Thomas Emmet Oneill III sold 6,850 shares of the stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $50.21, for a total transaction of $343,938.50. Following the completion of the sale, the vice president now directly owns 121,183 shares in the company, valued at approximately $6,084,598.43. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Clifford Braun sold 901 shares of the stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $51.64, for a total value of $46,527.64. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 10,885 shares of company stock valued at $560,580. Company insiders own 1.50% of the company’s stock.

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.

Further Reading: Float

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

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