TreeHouse Foods (NYSE:THS) Hits New 12-Month Low on Disappointing Earnings

TreeHouse Foods, Inc. (NYSE:THS)’s share price hit a new 52-week low on Monday after the company announced weaker than expected quarterly earnings. The stock traded as low as $34.27 and last traded at $34.70, with a volume of 134018 shares. The stock had previously closed at $37.26.

The company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.01). The company had revenue of $820.70 million for the quarter, compared to the consensus estimate of $798.44 million. TreeHouse Foods had a return on equity of 8.09% and a net margin of 1.51%. The business’s revenue was down 3.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.68 earnings per share.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Stifel Nicolaus cut their price objective on TreeHouse Foods from $38.00 to $36.00 and set a “hold” rating on the stock in a report on Tuesday. TD Cowen cut their price target on shares of TreeHouse Foods from $38.00 to $37.00 and set a “hold” rating on the stock in a report on Tuesday. Finally, Truist Financial lowered shares of TreeHouse Foods from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $45.00 to $35.00 in a research note on Tuesday, February 20th. Six analysts have rated the stock with a hold rating, According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $44.33.

Institutional Trading of TreeHouse Foods

Several institutional investors have recently made changes to their positions in the stock. JANA Partners Management LP purchased a new stake in TreeHouse Foods in the 3rd quarter worth approximately $213,877,000. Blair William & Co. IL boosted its position in TreeHouse Foods by 8.9% during the third quarter. Blair William & Co. IL now owns 441,909 shares of the company’s stock valued at $19,258,000 after purchasing an additional 35,946 shares during the last quarter. Commonwealth Equity Services LLC boosted its position in TreeHouse Foods by 5.5% during the third quarter. Commonwealth Equity Services LLC now owns 7,321 shares of the company’s stock valued at $319,000 after purchasing an additional 384 shares during the last quarter. Victory Capital Management Inc. increased its position in TreeHouse Foods by 27.9% in the 3rd quarter. Victory Capital Management Inc. now owns 385,552 shares of the company’s stock worth $16,802,000 after purchasing an additional 84,135 shares during the last quarter. Finally, Dark Forest Capital Management LP purchased a new stake in shares of TreeHouse Foods during the 3rd quarter worth about $2,080,000. 99.81% of the stock is currently owned by institutional investors and hedge funds.

TreeHouse Foods Trading Up 2.7 %

The company has a fifty day moving average price of $37.04 and a 200-day moving average price of $39.52. The firm has a market capitalization of $1.91 billion, a price-to-earnings ratio of 37.38 and a beta of 0.35. The company has a current ratio of 1.50, a quick ratio of 0.74 and a debt-to-equity ratio of 0.84.

TreeHouse Foods Company Profile

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.