TreeHouse Foods (NYSE:THS) updated its first quarter 2020
Pre-Market earnings guidance on Thursday. The company provided earnings per share guidance of 0.20-0.30 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.41. The company issued revenue guidance of $980M – 1.02 billion, compared to the consensus revenue estimate of $1.06 billion.TreeHouse Foods also updated its FY 2020
Pre-Market guidance to 2.40-2.65 EPS.

Several brokerages recently issued reports on THS. Zacks Investment Research cut TreeHouse Foods from a hold rating to a sell rating and set a $48.00 price objective on the stock. in a research note on Monday, January 13th. Barclays reissued a hold rating on shares of TreeHouse Foods in a research note on Sunday, November 10th. SunTrust Banks reissued a buy rating and issued a $65.00 price objective on shares of TreeHouse Foods in a research note on Tuesday, January 14th. Jefferies Financial Group began coverage on TreeHouse Foods in a research note on Wednesday, January 22nd. They issued a hold rating and a $52.00 price objective on the stock. Finally, William Blair raised TreeHouse Foods from a market perform rating to an outperform rating in a research note on Monday, December 2nd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the stock. TreeHouse Foods currently has an average rating of Hold and a consensus target price of $59.79.

TreeHouse Foods stock traded up $0.21 during mid-day trading on Friday, reaching $45.75. 1,129,500 shares of the company were exchanged, compared to its average volume of 353,839. The business has a fifty day moving average of $46.47 and a 200 day moving average of $51.00. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.67 and a current ratio of 1.49. The firm has a market cap of $2.60 billion, a P/E ratio of -6.60, a PEG ratio of 1.77 and a beta of 0.77. TreeHouse Foods has a 12-month low of $43.93 and a 12-month high of $67.88.

TreeHouse Foods (NYSE:THS) last posted its earnings results on Thursday, February 13th. The company reported $1.10 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.10. The company had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.16 billion. TreeHouse Foods had a positive return on equity of 5.80% and a negative net margin of 7.65%. TreeHouse Foods’s revenue was down 4.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.03 earnings per share. Sell-side analysts predict that TreeHouse Foods will post 2.38 EPS for the current year.

In other TreeHouse Foods news, CAO Thomas Emmet Oneill III sold 6,400 shares of the company’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $49.11, for a total transaction of $314,304.00. Following the completion of the sale, the chief accounting officer now owns 109,076 shares in the company, valued at $5,356,722.36. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 1.50% of the stock is owned by corporate insiders.

About TreeHouse Foods

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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