William Blair Expects Weaker Earnings for TreeHouse Foods

TreeHouse Foods, Inc. (NYSE:THS) – Analysts at William Blair dropped their Q4 2024 earnings per share estimates for TreeHouse Foods in a research note issued to investors on Tuesday, November 12th. William Blair analyst J. Andersen now forecasts that the company will post earnings per share of $0.94 for the quarter, down from their prior estimate of $1.32. The consensus estimate for TreeHouse Foods’ current full-year earnings is $2.34 per share. William Blair also issued estimates for TreeHouse Foods’ FY2025 earnings at $2.60 EPS.

TreeHouse Foods (NYSE:THS) last released its earnings results on Tuesday, November 12th. The company reported $0.74 EPS for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.01). The company had revenue of $854.40 million during the quarter, compared to analyst estimates of $881.15 million. TreeHouse Foods had a positive return on equity of 5.94% and a negative net margin of 0.72%. The firm’s revenue for the quarter was down 1.0% on a year-over-year basis. During the same quarter last year, the business earned $0.57 earnings per share.

A number of other research analysts also recently issued reports on THS. Mizuho boosted their target price on shares of TreeHouse Foods from $37.00 to $40.00 and gave the company a “neutral” rating in a research report on Monday, August 26th. Stifel Nicolaus cut their price objective on shares of TreeHouse Foods from $41.00 to $32.00 and set a “hold” rating for the company in a report on Wednesday. StockNews.com raised shares of TreeHouse Foods from a “sell” rating to a “hold” rating in a report on Tuesday, August 6th. Barclays reduced their price objective on TreeHouse Foods from $39.00 to $32.00 and set an “equal weight” rating for the company in a research note on Wednesday. Finally, Truist Financial dropped their target price on shares of TreeHouse Foods from $35.00 to $30.00 and set a “hold” rating for the company in a report on Wednesday. Six investment analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $34.20.

TreeHouse Foods Stock Performance

Shares of THS opened at $33.28 on Friday. The company has a quick ratio of 0.52, a current ratio of 1.40 and a debt-to-equity ratio of 0.90. The stock has a 50-day moving average of $39.69 and a two-hundred day moving average of $38.24. TreeHouse Foods has a one year low of $28.04 and a one year high of $43.84.

Insider Transactions at TreeHouse Foods

In other news, EVP Kristy N. Waterman sold 3,000 shares of the stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $42.34, for a total value of $127,020.00. Following the completion of the sale, the executive vice president now directly owns 20,784 shares of the company’s stock, valued at approximately $879,994.56. This represents a 12.61 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.90% of the company’s stock.

Institutional Trading of TreeHouse Foods

A number of hedge funds have recently added to or reduced their stakes in THS. Capital Research Global Investors raised its stake in shares of TreeHouse Foods by 52.6% during the first quarter. Capital Research Global Investors now owns 950,372 shares of the company’s stock worth $37,017,000 after purchasing an additional 327,448 shares during the last quarter. Legato Capital Management LLC raised its position in TreeHouse Foods by 38.1% during the 2nd quarter. Legato Capital Management LLC now owns 24,154 shares of the company’s stock worth $885,000 after buying an additional 6,666 shares during the last quarter. TD Asset Management Inc lifted its stake in shares of TreeHouse Foods by 7.3% in the 2nd quarter. TD Asset Management Inc now owns 478,944 shares of the company’s stock worth $17,549,000 after acquiring an additional 32,600 shares during the period. Harbor Capital Advisors Inc. boosted its holdings in shares of TreeHouse Foods by 68.2% in the third quarter. Harbor Capital Advisors Inc. now owns 304,969 shares of the company’s stock valued at $12,803,000 after acquiring an additional 123,669 shares in the last quarter. Finally, Shapiro Capital Management LLC increased its stake in shares of TreeHouse Foods by 22.0% during the second quarter. Shapiro Capital Management LLC now owns 1,587,415 shares of the company’s stock worth $58,163,000 after acquiring an additional 286,770 shares during the period. 99.81% of the stock is owned by institutional investors and hedge funds.

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.