TreeHouse Foods (NYSE:THS) announced its quarterly earnings results on Thursday. The company reported $0.55 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.03), Briefing.com reports. 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%. TreeHouse Foods’s revenue for the quarter was down 5.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.57 earnings per share. TreeHouse Foods updated its Q4 guidance to $1.03-1.23 EPS.
THS opened at $49.09 on Friday. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.71 and a quick ratio of 0.71. The company’s 50 day simple moving average is $54.17 and its two-hundred day simple moving average is $55.34. TreeHouse Foods has a 1-year low of $44.60 and a 1-year high of $67.88. The firm has a market capitalization of $3.11 billion, a price-to-earnings ratio of 22.31, a price-to-earnings-growth ratio of 1.61 and a beta of 0.72.
In other TreeHouse Foods news, SVP Lori G. Roberts sold 3,134 shares of the firm’s stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $54.28, for a total value of $170,113.52. Following the transaction, the senior vice president now directly owns 3,038 shares of the company’s stock, valued at approximately $164,902.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Thomas Emmet Oneill III sold 6,850 shares of the firm’s stock in a transaction that occurred on 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 transaction, the vice president now directly owns 121,183 shares in the company, valued at $6,084,598.43. The disclosure for this sale can be found here. Insiders sold a total of 10,885 shares of company stock worth $560,580 over the last three months. Corporate 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.
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