TreeHouse Foods (NYSE:THS) Issues Q4 Earnings Guidance

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TreeHouse Foods (NYSE:THS) updated its fourth quarter earnings guidance on Thursday. The company provided EPS guidance of $1.03-1.23 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.24. The company issued revenue guidance of $1.11-1.21 billion, compared to the consensus revenue estimate of $1.20 billion.

Several research analysts have commented on the stock. Peel Hunt restated a buy rating on shares of TreeHouse Foods in a research report on Tuesday, October 22nd. Zacks Investment Research upgraded shares of TreeHouse Foods from a hold rating to a buy rating and set a $62.00 price objective for the company in a research report on Thursday, September 12th. Stifel Nicolaus upgraded shares of TreeHouse Foods from a hold rating to a buy rating and boosted their price objective for the company from $62.00 to $64.00 in a research report on Thursday, August 1st. ValuEngine downgraded shares of TreeHouse Foods from a hold rating to a sell rating in a research report on Wednesday, October 2nd. Finally, BMO Capital Markets upgraded shares of TreeHouse Foods from a market perform rating to an outperform rating and set a $54.54 price objective for the company in a research report on Thursday, July 18th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and eight have assigned a buy rating to the company. The stock presently has an average rating of Buy and an average target price of $63.95.

Shares of NYSE:THS opened at $49.09 on Friday. The company has a fifty day moving average of $54.17 and a 200-day moving average of $55.34. The company has a market capitalization of $3.11 billion, a PE ratio of 22.31, a price-to-earnings-growth ratio of 1.61 and a beta of 0.72. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.71 and a current ratio of 1.71. TreeHouse Foods has a 52-week low of $44.60 and a 52-week high of $67.88.

TreeHouse Foods (NYSE:THS) last announced its quarterly earnings results on Thursday, November 7th. The company reported $0.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by ($0.03). The company had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.08 billion. TreeHouse Foods had a positive return on equity of 5.73% and a negative net margin of 3.80%. The firm’s quarterly revenue was down 5.4% on a year-over-year basis. During the same quarter last year, the company posted $0.57 earnings per share. On average, equities analysts forecast that TreeHouse Foods will post 2.5 EPS for the current fiscal year.

In related news, SVP Clifford Braun sold 901 shares of the business’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $51.64, for a total value of $46,527.64. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Lori G. Roberts sold 3,134 shares of the business’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $54.28, for a total transaction of $170,113.52. Following the completion of the sale, the senior vice president now directly owns 3,038 shares in the company, valued at approximately $164,902.64. The disclosure for this sale can be found here. Insiders have sold 10,885 shares of company stock valued at $560,580 over the last quarter. Company insiders own 1.50% of the company’s stock.

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

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