TreeHouse Foods (NYSE:THS) Issues Quarterly Earnings Results

TreeHouse Foods (NYSE:THS) released its earnings results on Monday. The company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.01), Briefing.com reports. TreeHouse Foods had a net margin of 1.51% and a return on equity of 8.09%. The business had revenue of $820.70 million during the quarter, compared to analysts’ expectations of $798.44 million. During the same quarter in the previous year, the company earned $0.68 EPS. TreeHouse Foods’s revenue for the quarter was down 3.9% on a year-over-year basis. TreeHouse Foods updated its FY 2024 guidance to EPS and its Q2 2024 guidance to EPS.

TreeHouse Foods Trading Up 2.8 %

Shares of NYSE THS opened at $35.54 on Tuesday. The stock has a market cap of $1.91 billion, a price-to-earnings ratio of 36.68 and a beta of 0.35. The business has a 50 day simple moving average of $37.04 and a 200 day simple moving average of $39.56. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.74 and a current ratio of 1.50. TreeHouse Foods has a 52 week low of $33.28 and a 52 week high of $55.30.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Truist Financial downgraded TreeHouse Foods from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $45.00 to $35.00 in a research note on Tuesday, February 20th. Stifel Nicolaus decreased their price target on shares of TreeHouse Foods from $38.00 to $36.00 and set a “hold” rating for the company in a report on Tuesday. Six analysts have rated the stock with a hold rating, According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $45.67.

About TreeHouse Foods

TreeHouse Foods, Inc manufactures and distributes private brands snacks and beverages in the United States and internationally. The company provides snacking products, such as crackers, pretzels, in-store bakery items, frozen griddle items, cookies, and candies; and beverage and drink mixes, including non-dairy creamer, coffee, broths/stocks, powdered beverages and other blends, tea, and ready-to-drink-beverages.