TreeHouse Foods (THS) Set to Announce Quarterly Earnings on Monday

TreeHouse Foods (NYSE:THS) will be issuing its quarterly earnings data before the market opens on Monday, August 5th. Analysts expect the company to announce earnings of $0.13 per share for the quarter. TreeHouse Foods has set its FY 2024 guidance at EPS and its Q2 2024 guidance at EPS.Parties that wish to listen to the company’s conference call can do so using this link.

TreeHouse Foods (NYSE:THS) last posted its quarterly earnings data on Monday, May 6th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.01). The firm 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 5.81% and a net margin of 0.76%. TreeHouse Foods’s quarterly revenue was down 3.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.68 earnings per share. 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 Price Performance

NYSE THS opened at $39.31 on Friday. The company has a current ratio of 1.52, a quick ratio of 0.66 and a debt-to-equity ratio of 0.87. The company has a fifty day simple moving average of $37.06 and a 200 day simple moving average of $37.66. The company has a market cap of $2.07 billion, a P/E ratio of 85.46 and a beta of 0.24. TreeHouse Foods has a 1 year low of $33.28 and a 1 year high of $53.00.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Stifel Nicolaus cut their target price on shares of TreeHouse Foods from $38.00 to $36.00 and set a “hold” rating for the company in a research note on Tuesday, May 7th. Barclays dropped their price objective on shares of TreeHouse Foods from $39.00 to $36.00 and set an “equal weight” rating for the company in a research note on Wednesday, May 8th. TD Cowen lowered their target price on shares of TreeHouse Foods from $38.00 to $37.00 and set a “hold” rating on the stock in a report on Tuesday, May 7th. StockNews.com lowered shares of TreeHouse Foods from a “hold” rating to a “sell” rating in a report on Wednesday, May 8th. Finally, Mizuho assumed coverage on TreeHouse Foods in a research report on Thursday, June 6th. They issued a “neutral” rating and a $37.00 price objective on the stock. One investment analyst has rated the stock with a sell rating and six have issued a hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $38.17.

Insider Buying and Selling at TreeHouse Foods

In other TreeHouse Foods news, SVP Stephen Alan Landry sold 3,723 shares of the stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $34.99, for a total value of $130,267.77. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.90% of the company’s stock.

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.