Brokerages Anticipate TreeHouse Foods Inc. (THS) Will Announce Earnings of $0.55 Per Share

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Wall Street brokerages expect TreeHouse Foods Inc. (NYSE:THS) to report earnings per share (EPS) of $0.55 for the current quarter, according to Zacks. Six analysts have issued estimates for TreeHouse Foods’ earnings, with estimates ranging from $0.50 to $0.58. TreeHouse Foods reported earnings per share of $0.67 during the same quarter last year, which suggests a negative year-over-year growth rate of 17.9%. The company is expected to announce its next earnings report on Thursday, November 1st.

On average, analysts expect that TreeHouse Foods will report full year earnings of $2.14 per share for the current fiscal year, with EPS estimates ranging from $2.00 to $2.22. For the next financial year, analysts expect that the company will post earnings of $2.62 per share, with EPS estimates ranging from $2.45 to $3.00. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for TreeHouse Foods.

TreeHouse Foods (NYSE:THS) last posted its quarterly earnings data on Thursday, August 2nd. The company reported $0.37 EPS for the quarter, topping the Zacks’ consensus estimate of $0.25 by $0.12. TreeHouse Foods had a positive return on equity of 5.54% and a negative net margin of 5.41%. The firm had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.41 billion. During the same quarter last year, the company earned $0.51 EPS. The company’s revenue was down 4.4% on a year-over-year basis.

THS has been the topic of a number of recent research reports. Zacks Investment Research upgraded TreeHouse Foods from a “hold” rating to a “buy” rating and set a $54.00 price objective on the stock in a research note on Tuesday, August 14th. Stifel Nicolaus raised their price objective on TreeHouse Foods from $48.00 to $50.00 and gave the stock a “hold” rating in a research note on Friday, August 3rd. Barclays restated a “hold” rating and set a $53.00 price objective on shares of TreeHouse Foods in a research note on Sunday, August 5th. ValuEngine upgraded TreeHouse Foods from a “sell” rating to a “hold” rating in a research note on Thursday, September 13th. Finally, JPMorgan Chase & Co. upgraded TreeHouse Foods from an “underweight” rating to a “neutral” rating and set a $39.00 price objective on the stock in a research note on Friday, August 3rd. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $48.92.

Several institutional investors and hedge funds have recently modified their holdings of THS. Point72 Hong Kong Ltd lifted its stake in shares of TreeHouse Foods by 2,073.5% in the 2nd quarter. Point72 Hong Kong Ltd now owns 2,869 shares of the company’s stock valued at $151,000 after purchasing an additional 2,737 shares during the period. Huntington National Bank lifted its holdings in TreeHouse Foods by 50.0% in the second quarter. Huntington National Bank now owns 3,000 shares of the company’s stock worth $158,000 after buying an additional 1,000 shares during the period. PNC Financial Services Group Inc. lifted its holdings in TreeHouse Foods by 62.9% in the second quarter. PNC Financial Services Group Inc. now owns 3,901 shares of the company’s stock worth $204,000 after buying an additional 1,506 shares during the period. Quantitative Systematic Strategies LLC purchased a new stake in TreeHouse Foods in the first quarter worth about $214,000. Finally, Brown Advisory Inc. purchased a new stake in TreeHouse Foods in the second quarter worth about $216,000.

TreeHouse Foods stock traded up $0.04 during mid-day trading on Friday, reaching $53.28. 1,848 shares of the company were exchanged, compared to its average volume of 477,014. TreeHouse Foods has a 12 month low of $36.35 and a 12 month high of $68.90. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.02 and a quick ratio of 0.69. The firm has a market cap of $2.97 billion, a PE ratio of 18.99, a price-to-earnings-growth ratio of 4.99 and a beta of 0.45.

About TreeHouse Foods

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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