TreeHouse Foods (NYSE:THS – Get Free Report) announced its quarterly earnings data on Monday. The company reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.16, Briefing.com reports. The business had revenue of $788.50 million during the quarter, compared to the consensus estimate of $784.10 million. TreeHouse Foods had a return on equity of 5.81% and a net margin of 0.76%. The business’s revenue for the quarter was down 1.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.42 earnings per share. TreeHouse Foods updated its FY 2024 guidance to EPS and its Q3 2024 guidance to EPS.
TreeHouse Foods Price Performance
Shares of NYSE THS opened at $37.29 on Wednesday. TreeHouse Foods has a 1-year low of $33.28 and a 1-year high of $53.00. The business has a 50-day moving average of $37.16 and a 200-day moving average of $37.57. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.52 and a quick ratio of 0.66. The company has a market capitalization of $1.96 billion, a price-to-earnings ratio of 81.07 and a beta of 0.24.
Insider Transactions at TreeHouse Foods
In other news, SVP Stephen Alan Landry sold 3,723 shares of the company’s stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $34.99, for a total value of $130,267.77. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.90% of the company’s stock.
Analyst Upgrades and Downgrades
TreeHouse Foods Company Profile
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.
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