Equities analysts expect TreeHouse Foods Inc. (NYSE:THS) to report sales of $1.44 billion for the current fiscal quarter, according to Zacks Investment Research. Six analysts have provided estimates for TreeHouse Foods’ earnings, with estimates ranging from $1.43 billion to $1.46 billion. TreeHouse Foods reported sales of $1.55 billion in the same quarter last year, which would suggest a negative year over year growth rate of 7.1%. The company is expected to issue its next earnings report before the market opens on Thursday, November 1st.

On average, analysts expect that TreeHouse Foods will report full-year sales of $5.97 billion for the current fiscal year, with estimates ranging from $5.92 billion to $6.02 billion. For the next financial year, analysts forecast that the firm will report sales of $5.94 billion, with estimates ranging from $5.80 billion to $6.10 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that that provide coverage for TreeHouse Foods.

TreeHouse Foods (NYSE:THS) last released its quarterly earnings results on Thursday, August 2nd. The company reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.12. The business had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.41 billion. TreeHouse Foods had a negative net margin of 5.41% and a positive return on equity of 5.54%. The business’s revenue was down 4.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.51 EPS.

A number of equities research analysts have recently issued reports on the stock. ValuEngine raised shares of TreeHouse Foods from a “strong sell” rating to a “sell” rating in a research note on Tuesday, June 26th. JPMorgan Chase & Co. raised shares of TreeHouse Foods from an “underweight” rating to a “neutral” rating and set a $39.00 target price on the stock in a research note on Friday, August 3rd. Stifel Nicolaus upped their target price on shares of TreeHouse Foods from $48.00 to $50.00 and gave the stock a “hold” rating in a research note on Friday, August 3rd. Barclays reaffirmed a “hold” rating and set a $53.00 target price on shares of TreeHouse Foods in a research note on Sunday, August 5th. Finally, Zacks Investment Research downgraded shares of TreeHouse Foods from a “buy” rating to a “hold” rating in a research note on Monday, August 13th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating and four have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $48.92.

Large investors have recently made changes to their positions in the business. Contravisory Investment Management Inc. purchased a new stake in shares of TreeHouse Foods in the 3rd quarter valued at approximately $123,000. Point72 Hong Kong Ltd increased its position in shares of TreeHouse Foods by 2,073.5% in the 2nd quarter. Point72 Hong Kong Ltd now owns 2,869 shares of the company’s stock valued at $151,000 after purchasing an additional 2,737 shares during the last quarter. Huntington National Bank increased its position in shares of TreeHouse Foods by 50.0% in the 2nd quarter. Huntington National Bank now owns 3,000 shares of the company’s stock valued at $158,000 after purchasing an additional 1,000 shares during the last quarter. PNC Financial Services Group Inc. increased its position in shares of TreeHouse Foods by 62.9% in the 2nd quarter. PNC Financial Services Group Inc. now owns 3,901 shares of the company’s stock valued at $204,000 after purchasing an additional 1,506 shares during the last quarter. Finally, Brown Advisory Inc. purchased a new stake in shares of TreeHouse Foods in the 2nd quarter valued at approximately $216,000.

TreeHouse Foods stock opened at $48.60 on Monday. The company has a market capitalization of $2.73 billion, a PE ratio of 17.30, a P/E/G ratio of 4.60 and a beta of 0.45. TreeHouse Foods has a 1 year low of $36.35 and a 1 year high of $68.48. The company has a current ratio of 2.02, a quick ratio of 0.69 and a debt-to-equity ratio of 1.09.

TreeHouse Foods Company Profile

TreeHouse Foods, Inc operates as a food and beverage manufacturer in the United States, Canada, and Italy. The company operates through Baked Goods, Beverages, Condiments, Meals, and Snacks segments. The Baked Goods segment offers candies, cookies, crackers, in-store bakery products, pita chips, pretzels, refrigerated dough, retail griddle waffles, pancakes, and French toasts.

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

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