TreeHouse Foods (NYSE:THS) Issues Earnings Results, Beats Expectations By $0.16 EPS

TreeHouse Foods (NYSE:THS) released its earnings results on Monday. The company reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.16, Briefing.com reports. TreeHouse Foods had a return on equity of 5.81% and a net margin of 0.76%. The business had revenue of $788.50 million for the quarter, compared to the consensus estimate of $784.10 million. During the same period last year, the business earned $0.42 earnings per share. The firm’s revenue for the quarter was down 1.9% compared to the same quarter last year. TreeHouse Foods updated its FY 2024 guidance to EPS and its Q3 2024 guidance to EPS.

TreeHouse Foods Stock Performance

NYSE:THS opened at $37.29 on Wednesday. TreeHouse Foods has a 1 year low of $33.28 and a 1 year high of $53.00. The firm has a 50 day moving average of $37.16 and a 200-day moving average of $37.57. 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 stock has a market capitalization of $1.96 billion, a P/E ratio of 81.07 and a beta of 0.24.

Insider Activity

In other news, SVP Stephen Alan Landry sold 3,723 shares of TreeHouse Foods stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $34.99, for a total value of $130,267.77. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.90% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on THS shares. StockNews.com raised TreeHouse Foods from a “sell” rating to a “hold” rating in a research report on Tuesday. Barclays raised their price target on shares of TreeHouse Foods from $36.00 to $39.00 and gave the stock an “equal weight” rating in a research note on Tuesday. Mizuho began coverage on shares of TreeHouse Foods in a research note on Thursday, June 6th. They set a “neutral” rating and a $37.00 price target for the company. TD Cowen cut their price target on shares of TreeHouse Foods from $38.00 to $37.00 and set a “hold” rating for the company in a research note on Tuesday, May 7th. Finally, Stifel Nicolaus raised their price target on shares of TreeHouse Foods from $36.00 to $41.00 and gave the stock a “hold” rating in a research note on Tuesday. Seven research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $39.50.

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.