TreeHouse Foods (THS) to Release Earnings on Monday

TreeHouse Foods (NYSE:THS) is set to announce its earnings results before the market opens on Monday, May 6th. Analysts expect the company to announce earnings of ($0.02) per share for the quarter. TreeHouse Foods has set its FY 2024 guidance at EPS and its Q1 2024 guidance at EPS.Parties interested in registering for the company’s conference call can do so using this link.

TreeHouse Foods (NYSE:THS) last announced its earnings results on Friday, February 16th. The company reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.71 by $0.06. TreeHouse Foods had a net margin of 1.51% and a return on equity of 8.09%. The company had revenue of $910.60 million during the quarter, compared to the consensus estimate of $924.87 million. During the same period last year, the firm earned $0.98 earnings per share. TreeHouse Foods’s revenue was down 8.6% compared to the same quarter last year. On average, analysts expect TreeHouse Foods to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

TreeHouse Foods Stock Performance

Shares of THS opened at $37.26 on Friday. The company has a current ratio of 1.50, a quick ratio of 0.74 and a debt-to-equity ratio of 0.84. The firm has a market cap of $2.01 billion, a PE ratio of 39.22 and a beta of 0.35. TreeHouse Foods has a 12 month low of $34.76 and a 12 month high of $55.30. The stock has a fifty day moving average price of $37.08 and a 200-day moving average price of $39.62.

Wall Street Analysts Forecast Growth

Separately, Truist Financial downgraded shares of TreeHouse Foods from a “buy” rating to a “hold” rating and dropped their target price for the stock from $45.00 to $35.00 in a research report on Tuesday, February 20th. Six equities research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, TreeHouse Foods presently has a consensus rating of “Hold” and a consensus price target of $46.67.

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.