Research Analysts Set Expectations for TreeHouse Foods Inc.’s FY2018 Earnings (NYSE:THS)

TreeHouse Foods Inc. (NYSE:THS) – Equities research analysts at SunTrust Banks increased their FY2018 earnings per share estimates for shares of TreeHouse Foods in a report released on Monday, Zacks Investment Research reports. SunTrust Banks analyst W. Chappell now anticipates that the company will earn $3.32 per share for the year, up from their prior estimate of $2.82.

TreeHouse Foods (NYSE:THS) last announced its earnings results on Thursday, November 2nd. The company reported $0.67 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.78 by ($0.11). TreeHouse Foods had a negative net margin of 4.06% and a positive return on equity of 6.61%. The company had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.52 billion. During the same quarter last year, the business earned $0.70 EPS. The firm’s revenue for the quarter was down 2.4% compared to the same quarter last year.

Several other analysts have also issued reports on the stock. Zacks Investment Research raised shares of TreeHouse Foods from a “sell” rating to a “hold” rating in a research note on Wednesday, January 10th. Wells Fargo & Co set a $46.00 price target on shares of TreeHouse Foods and gave the stock a “hold” rating in a research note on Thursday, January 4th. JPMorgan Chase & Co. set a $39.00 price target on shares of TreeHouse Foods and gave the stock a “sell” rating in a research note on Wednesday, December 13th. Wolfe Research assumed coverage on shares of TreeHouse Foods in a research note on Monday, December 4th. They issued a “market perform” rating on the stock. Finally, Vertical Group raised shares of TreeHouse Foods from a “hold” rating to a “buy” rating in a research note on Thursday, November 16th. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $59.90.

Shares of TreeHouse Foods (THS) traded up $0.86 during midday trading on Wednesday, hitting $49.73. 866,700 shares of the stock traded hands, compared to its average volume of 705,980. TreeHouse Foods has a 1-year low of $40.26 and a 1-year high of $90.42. The firm has a market capitalization of $2,860.00, a price-to-earnings ratio of -11.03, a price-to-earnings-growth ratio of 2.66 and a beta of 0.49. The company has a current ratio of 2.16, a quick ratio of 0.81 and a debt-to-equity ratio of 1.01.

Several institutional investors have recently added to or reduced their stakes in THS. Victory Capital Management Inc. raised its stake in shares of TreeHouse Foods by 616.9% in the 3rd quarter. Victory Capital Management Inc. now owns 3,273,871 shares of the company’s stock valued at $221,740,000 after acquiring an additional 2,817,230 shares during the period. Wells Fargo & Company MN raised its stake in shares of TreeHouse Foods by 12.2% in the 3rd quarter. Wells Fargo & Company MN now owns 5,133,963 shares of the company’s stock valued at $347,723,000 after acquiring an additional 557,363 shares during the period. State of New Jersey Common Pension Fund D purchased a new stake in shares of TreeHouse Foods in the 3rd quarter valued at approximately $27,092,000. Neuberger Berman Group LLC raised its stake in shares of TreeHouse Foods by 130.2% in the 3rd quarter. Neuberger Berman Group LLC now owns 706,996 shares of the company’s stock valued at $47,885,000 after acquiring an additional 399,825 shares during the period. Finally, Cambiar Investors LLC raised its stake in shares of TreeHouse Foods by 116.1% in the 3rd quarter. Cambiar Investors LLC now owns 539,559 shares of the company’s stock valued at $36,544,000 after acquiring an additional 289,857 shares during the period.

In other TreeHouse Foods news, CEO Sam K. Reed sold 11,480 shares of TreeHouse Foods stock in a transaction dated Monday, January 8th. The shares were sold at an average price of $49.72, for a total transaction of $570,785.60. Following the transaction, the chief executive officer now directly owns 81,147 shares of the company’s stock, valued at $4,034,628.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Gary Dale Smith purchased 2,000 shares of TreeHouse Foods stock in a transaction dated Tuesday, November 7th. The stock was bought at an average cost of $42.64 per share, for a total transaction of $85,280.00. Following the completion of the purchase, the director now directly owns 271 shares in the company, valued at approximately $11,555.44. The disclosure for this purchase can be found here. Insiders have sold 36,440 shares of company stock worth $1,684,179 over the last ninety days. 3.50% of the stock is owned by insiders.

TreeHouse Foods announced that its board has initiated a share repurchase plan on Thursday, November 2nd that authorizes the company to repurchase $400.00 million in outstanding shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

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TreeHouse Foods Company Profile

TreeHouse Foods, Inc is a consumer packaged food and beverage manufacturer. The Company’s segments include North American Retail Grocery, Food Away From Home, and Industrial and Export. The Company manufactures a range of shelf stable, refrigerated, fresh and frozen products. Its product categories include beverages, salad dressings, snack nuts, beverage enhancers, pickles, sauces, cereals, pasta and dry dinners, cookies and crackers, retail bakery, aseptic products, jams and other products.

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

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