Treehouse Foods, Inc. (THS) Expected to Announce Quarterly Sales of $1.53 Billion
Wall Street analysts predict that Treehouse Foods, Inc. (NYSE:THS) will report $1.53 billion in sales for the current fiscal quarter, Zacks reports. Six analysts have provided estimates for Treehouse Foods’ earnings, with the highest sales estimate coming in at $1.59 billion and the lowest estimate coming in at $1.51 billion. Treehouse Foods posted sales of $1.59 billion during the same quarter last year, which would indicate a negative year over year growth rate of 3.8%. The business is expected to announce its next quarterly earnings results on Thursday, November 2nd.
On average, analysts expect that Treehouse Foods will report full-year sales of $1.53 billion for the current fiscal year, with estimates ranging from $6.27 billion to $6.39 billion. For the next fiscal year, analysts expect that the firm will report sales of $6.25 billion per share, with estimates ranging from $6.15 billion to $6.38 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that follow Treehouse Foods.
Treehouse Foods (NYSE:THS) last released its quarterly earnings results on Thursday, August 3rd. The company reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.02. The company had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $1.54 billion. Treehouse Foods had a positive return on equity of 6.54% and a negative net margin of 3.90%. Treehouse Foods’s revenue was down 1.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.54 earnings per share.
A number of brokerages have recently commented on THS. BMO Capital Markets reiterated a “buy” rating and set a $90.00 price objective on shares of Treehouse Foods in a research report on Tuesday, June 13th. Jefferies Group LLC reiterated a “buy” rating and set a $100.00 price objective on shares of Treehouse Foods in a research report on Friday, May 5th. Zacks Investment Research downgraded Treehouse Foods from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Vertical Group downgraded Treehouse Foods from a “buy” rating to a “hold” rating and cut their price objective for the company from $100.61 to $62.64 in a research report on Friday, August 4th. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $93.00 price objective on shares of Treehouse Foods in a research report on Wednesday, April 26th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the company’s stock. Treehouse Foods currently has a consensus rating of “Hold” and an average target price of $85.29.
Treehouse Foods (NYSE:THS) traded down 1.63% during trading on Thursday, reaching $72.80. The company’s stock had a trading volume of 734,052 shares. The firm’s market capitalization is $4.16 billion. The firm has a 50-day moving average price of $81.10 and a 200-day moving average price of $81.82. Treehouse Foods has a 52 week low of $62.64 and a 52 week high of $99.08.
In other news, CAO Thomas Emmet Oneill III sold 14,430 shares of the stock in a transaction on Monday, May 15th. The stock was sold at an average price of $76.50, for a total value of $1,103,895.00. Following the completion of the sale, the chief accounting officer now owns 130,708 shares in the company, valued at $9,999,162. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Erik Thomas Kahler sold 5,700 shares of the stock in a transaction on Thursday, June 15th. The shares were sold at an average price of $79.34, for a total value of $452,238.00. Following the completion of the sale, the senior vice president now owns 28,857 shares of the company’s stock, valued at approximately $2,289,514.38. The disclosure for this sale can be found here. Insiders sold 28,330 shares of company stock valued at $2,183,843 in the last 90 days. Corporate insiders own 3.50% of the company’s stock.
Several institutional investors have recently bought and sold shares of THS. BB&T Corp increased its position in Treehouse Foods by 29.2% in the first quarter. BB&T Corp now owns 8,816 shares of the company’s stock worth $746,000 after buying an additional 1,995 shares during the period. Oregon Public Employees Retirement Fund increased its position in Treehouse Foods by 1.5% in the first quarter. Oregon Public Employees Retirement Fund now owns 19,922 shares of the company’s stock worth $1,687,000 after buying an additional 300 shares during the period. First Mercantile Trust Co. bought a new position in Treehouse Foods during the first quarter worth $1,530,000. Retirement Systems of Alabama increased its position in Treehouse Foods by 11.5% in the first quarter. Retirement Systems of Alabama now owns 236,026 shares of the company’s stock worth $19,982,000 after buying an additional 24,267 shares during the period. Finally, State of Alaska Department of Revenue increased its position in Treehouse Foods by 4.7% in the first quarter. State of Alaska Department of Revenue now owns 2,118 shares of the company’s stock worth $179,000 after buying an additional 96 shares during the period.
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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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