Zacks: Brokerages Expect TreeHouse Foods, Inc. (NYSE:THS) Will Post Earnings of -$0.55 Per Share

Equities analysts predict that TreeHouse Foods, Inc. (NYSE:THSGet Rating) will announce earnings of ($0.55) per share for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for TreeHouse Foods’ earnings, with the highest EPS estimate coming in at ($0.49) and the lowest estimate coming in at ($0.67). TreeHouse Foods posted earnings per share of $0.36 in the same quarter last year, which indicates a negative year over year growth rate of 252.8%. The company is scheduled to announce its next quarterly earnings results before the market opens on Monday, January 1st.

On average, analysts expect that TreeHouse Foods will report full-year earnings of $1.28 per share for the current fiscal year, with EPS estimates ranging from $1.05 to $1.47. For the next fiscal year, analysts forecast that the company will post earnings of $2.60 per share, with EPS estimates ranging from $2.00 to $3.01. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that cover TreeHouse Foods.

TreeHouse Foods (NYSE:THSGet Rating) last announced its quarterly earnings data on Monday, February 14th. The company reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.03. The business had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.12 billion. TreeHouse Foods had a positive return on equity of 3.58% and a negative net margin of 0.29%. The company’s revenue was down 1.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.07 earnings per share.

Several analysts recently commented on the stock. TheStreet lowered shares of TreeHouse Foods from a “c” rating to a “d+” rating in a research note on Monday, February 14th. Truist Financial cut their price objective on TreeHouse Foods from $40.00 to $35.00 in a research report on Tuesday, March 22nd. Zacks Investment Research lowered TreeHouse Foods from a “hold” rating to a “strong sell” rating and set a $35.00 price objective for the company. in a research note on Wednesday, February 16th. Finally, StockNews.com assumed coverage on TreeHouse Foods in a research report on Thursday, March 31st. They set a “hold” rating on the stock. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $36.67.

NYSE:THS opened at $30.54 on Friday. The company has a 50-day moving average of $33.22 and a 200-day moving average of $37.17. The firm has a market cap of $1.71 billion, a price-to-earnings ratio of -138.82 and a beta of 0.46. The company has a current ratio of 1.17, a quick ratio of 0.54 and a debt-to-equity ratio of 1.02. TreeHouse Foods has a twelve month low of $29.47 and a twelve month high of $52.17.

A number of institutional investors have recently bought and sold shares of the stock. Exchange Traded Concepts LLC lifted its holdings in TreeHouse Foods by 1.8% in the 4th quarter. Exchange Traded Concepts LLC now owns 13,840 shares of the company’s stock worth $561,000 after purchasing an additional 249 shares during the last quarter. Voya Investment Management LLC lifted its stake in shares of TreeHouse Foods by 1.5% in the third quarter. Voya Investment Management LLC now owns 20,038 shares of the company’s stock worth $799,000 after buying an additional 293 shares during the last quarter. Maryland State Retirement & Pension System boosted its holdings in shares of TreeHouse Foods by 1.4% during the 4th quarter. Maryland State Retirement & Pension System now owns 22,239 shares of the company’s stock worth $901,000 after buying an additional 306 shares during the period. Thrivent Financial for Lutherans boosted its holdings in shares of TreeHouse Foods by 0.8% during the 4th quarter. Thrivent Financial for Lutherans now owns 45,398 shares of the company’s stock worth $1,840,000 after buying an additional 342 shares during the period. Finally, Ellevest Inc. grew its stake in TreeHouse Foods by 62.2% in the 1st quarter. Ellevest Inc. now owns 965 shares of the company’s stock valued at $31,000 after buying an additional 370 shares during the last quarter.

TreeHouse Foods Company Profile (Get Rating)

TreeHouse Foods, Inc manufactures and distributes private label foods and beverages in the United States and internationally. It operates through two segments, Meal Preparation, and Snacking & Beverages. The Meal Preparation segment provides aseptic cheese and pudding products; baking and mix powders; hot cereals; jams, preserves, and jellies; liquid and powdered non-dairy creamers; macaroni and cheese; mayonnaise; Mexican, barbeque, and other sauces; pastas; pickles and related products; powdered soups and gravies; refrigerated and shelf stable dressings and sauces; refrigerated dough; single serve hot beverages; skillet dinners; and table and flavored syrups.

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Earnings History and Estimates for TreeHouse Foods (NYSE:THS)

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