TreeHouse Foods (THS) Set to Announce Quarterly Earnings on Thursday
TreeHouse Foods (NYSE:THS) is set to issue its quarterly earnings data before the market opens on Thursday, February 15th. Analysts expect the company to announce earnings of $0.93 per share for the quarter.
Shares of TreeHouse Foods (THS) opened at $41.39 on Wednesday. TreeHouse Foods has a 1-year low of $40.26 and a 1-year high of $90.42. The company has a current ratio of 2.16, a quick ratio of 0.81 and a debt-to-equity ratio of 1.01. The firm has a market cap of $2,350.00, a P/E ratio of -9.18, a price-to-earnings-growth ratio of 2.34 and a beta of 0.42.
TreeHouse Foods announced that its board has authorized a share buyback program on Thursday, November 2nd that allows the company to buyback $400.00 million in outstanding shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.
THS has been the topic of a number of research reports. UBS Group initiated coverage on shares of TreeHouse Foods in a report on Wednesday, October 18th. They set a “neutral” rating and a $70.00 target price on the stock. Jefferies Group set a $100.00 target price on shares of TreeHouse Foods and gave the stock a “buy” rating in a report on Sunday, October 29th. Zacks Investment Research raised shares of TreeHouse Foods from a “sell” rating to a “hold” rating in a report on Monday, October 30th. Susquehanna Bancshares set a $74.00 target price on shares of TreeHouse Foods and gave the stock a “hold” rating in a report on Monday, October 30th. Finally, Credit Suisse Group set a $68.00 target price on shares of TreeHouse Foods and gave the stock a “neutral” rating in a report on Tuesday, October 31st. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $55.83.
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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