Treehouse Foods, Inc. (THS) Expected to Announce Quarterly Sales of $1.53 Billion
Analysts expect Treehouse Foods, Inc. (NYSE:THS) to post sales of $1.53 billion for the current fiscal quarter, according to Zacks Investment Research. Six analysts have provided estimates for Treehouse Foods’ earnings, with estimates ranging from $1.51 billion to $1.59 billion. Treehouse Foods reported sales of $1.59 billion in the same quarter last year, which indicates a negative year-over-year growth rate of 3.8%. The company is scheduled to report its next quarterly earnings report on Thursday, November 2nd.
According to Zacks, analysts expect that Treehouse Foods will report full-year sales of $1.53 billion for the current year, with estimates ranging from $6.27 billion to $6.39 billion. For the next year, analysts expect that the business will post sales of $6.25 billion per share, with estimates ranging from $6.15 billion to $6.38 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover Treehouse Foods.
Treehouse Foods (NYSE:THS) last released its quarterly earnings results on Thursday, August 3rd. The company reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.02. Treehouse Foods had a negative net margin of 3.90% and a positive return on equity of 6.54%. The company had revenue of $1.52 billion for the quarter, compared to the consensus estimate of $1.54 billion. During the same period in the previous year, the firm earned $0.54 EPS. Treehouse Foods’s revenue was down 1.2% on a year-over-year basis.
THS has been the topic of a number of research analyst reports. BMO Capital Markets reissued a “buy” rating and set a $90.00 price objective on shares of Treehouse Foods in a report on Tuesday, June 13th. BidaskClub raised shares of Treehouse Foods from a “hold” rating to a “buy” rating in a report on Wednesday, June 21st. Zacks Investment Research raised shares of Treehouse Foods from a “sell” rating to a “hold” rating in a report on Tuesday, July 4th. J P Morgan Chase & Co lowered shares of Treehouse Foods from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $90.00 to $76.00 in a report on Friday, August 4th. Finally, Susquehanna Bancshares Inc reissued a “neutral” rating and set a $78.00 price objective (down previously from $108.00) on shares of Treehouse Foods in a report on Friday, August 4th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the stock. Treehouse Foods has a consensus rating of “Hold” and an average target price of $85.29.
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In other news, CEO Sam K. Reed sold 11,480 shares of the firm’s stock in a transaction dated Thursday, September 7th. The shares were sold at an average price of $66.32, for a total value of $761,353.60. Following the transaction, the chief executive officer now owns 70,647 shares of the company’s stock, valued at approximately $4,685,309.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.50% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently modified their holdings of the company. State Street Corp boosted its stake in shares of Treehouse Foods by 2.2% in the 1st quarter. State Street Corp now owns 1,445,476 shares of the company’s stock valued at $122,367,000 after purchasing an additional 31,440 shares during the last quarter. State Treasurer State of Michigan boosted its stake in shares of Treehouse Foods by 1.7% in the 2nd quarter. State Treasurer State of Michigan now owns 23,500 shares of the company’s stock valued at $1,920,000 after purchasing an additional 400 shares during the last quarter. Principal Financial Group Inc. boosted its stake in shares of Treehouse Foods by 2.3% in the 1st quarter. Principal Financial Group Inc. now owns 229,757 shares of the company’s stock valued at $19,451,000 after purchasing an additional 5,142 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Treehouse Foods by 8.2% in the 1st quarter. Geode Capital Management LLC now owns 427,437 shares of the company’s stock valued at $36,186,000 after purchasing an additional 32,354 shares during the last quarter. Finally, Israel Discount Bank of New York bought a new position in shares of Treehouse Foods in the 1st quarter valued at about $140,000.
Treehouse Foods (NYSE THS) traded up 0.01% during mid-day trading on Friday, hitting $67.21. 546,518 shares of the company’s stock were exchanged. The firm has a 50 day moving average of $71.14 and a 200 day moving average of $79.78. Treehouse Foods has a 52 week low of $62.64 and a 52 week high of $90.42. The stock’s market capitalization is $3.84 billion.
About Treehouse Foods
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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