TreeHouse Foods, Inc. (NYSE:THS) Expected to Earn FY2024 Earnings of $3.00 Per Share

TreeHouse Foods, Inc. (NYSE:THSGet Rating) – Equities research analysts at William Blair issued their FY2024 earnings per share estimates for shares of TreeHouse Foods in a report released on Monday, November 7th. William Blair analyst J. Andersen forecasts that the company will earn $3.00 per share for the year. The consensus estimate for TreeHouse Foods’ current full-year earnings is $1.37 per share.

A number of other research analysts have also issued reports on THS. Credit Suisse Group increased their target price on TreeHouse Foods to $47.00 in a research report on Monday, August 15th. StockNews.com assumed coverage on TreeHouse Foods in a research report on Wednesday, October 12th. They set a “hold” rating on the stock. Finally, Truist Financial increased their target price on TreeHouse Foods from $50.00 to $60.00 and gave the company a “buy” rating in a research report on Tuesday, August 9th.

TreeHouse Foods Trading Down 1.2 %

TreeHouse Foods stock opened at $46.81 on Wednesday. The company has a current ratio of 1.15, a quick ratio of 0.42 and a debt-to-equity ratio of 1.04. TreeHouse Foods has a 12 month low of $29.47 and a 12 month high of $51.04. The stock’s 50 day simple moving average is $45.91 and its two-hundred day simple moving average is $42.97. The firm has a market cap of $2.62 billion, a PE ratio of -17.27 and a beta of 0.46.

TreeHouse Foods (NYSE:THSGet Rating) last released its quarterly earnings data on Monday, August 8th. The company reported ($0.04) EPS for the quarter, topping the consensus estimate of ($0.17) by $0.13. TreeHouse Foods had a positive return on equity of 1.15% and a negative net margin of 1.19%. The business had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.12 billion. During the same quarter in the prior year, the firm posted $0.26 EPS. The business’s quarterly revenue was up 19.4% compared to the same quarter last year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Leeward Investments LLC MA acquired a new stake in shares of TreeHouse Foods in the 1st quarter worth $32,561,000. Shapiro Capital Management LLC increased its stake in shares of TreeHouse Foods by 47.7% in the 1st quarter. Shapiro Capital Management LLC now owns 2,628,233 shares of the company’s stock worth $84,787,000 after acquiring an additional 848,909 shares during the last quarter. Millennium Management LLC increased its stake in shares of TreeHouse Foods by 1,739.5% in the 2nd quarter. Millennium Management LLC now owns 491,847 shares of the company’s stock worth $20,569,000 after acquiring an additional 521,847 shares during the last quarter. Russell Investments Group Ltd. increased its stake in shares of TreeHouse Foods by 1,208.0% in the 3rd quarter. Russell Investments Group Ltd. now owns 436,908 shares of the company’s stock worth $18,531,000 after acquiring an additional 403,505 shares during the last quarter. Finally, Sasco Capital Inc. CT increased its stake in shares of TreeHouse Foods by 89.3% in the 1st quarter. Sasco Capital Inc. CT now owns 842,240 shares of the company’s stock worth $27,171,000 after acquiring an additional 397,270 shares during the last quarter.

Insider Activity

In related news, Director Ann Sardini sold 16,830 shares of the stock in a transaction on Monday, September 12th. The stock was sold at an average price of $45.00, for a total value of $757,350.00. Following the completion of the transaction, the director now directly owns 6,883 shares of the company’s stock, valued at approximately $309,735. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, Director Jana Partners Llc sold 68,245 shares of the stock in a transaction on Monday, August 22nd. The stock was sold at an average price of $48.82, for a total value of $3,331,720.90. Following the completion of the transaction, the director now directly owns 4,795,414 shares of the company’s stock, valued at approximately $234,112,111.48. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Ann Sardini sold 16,830 shares of the stock in a transaction on Monday, September 12th. The shares were sold at an average price of $45.00, for a total value of $757,350.00. Following the completion of the transaction, the director now directly owns 6,883 shares of the company’s stock, valued at $309,735. The disclosure for this sale can be found here. Insiders have sold 352,513 shares of company stock worth $17,375,391 in the last quarter. Corporate insiders own 0.93% of the company’s stock.

About TreeHouse Foods

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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.

Further Reading

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

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