TreeHouse Foods (NYSE:THS) Releases Quarterly Earnings Results, Misses Estimates By $0.01 EPS

TreeHouse Foods (NYSE:THS) released its earnings results on Tuesday. The company reported $0.74 EPS for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.01), Zacks reports. TreeHouse Foods had a positive return on equity of 5.94% and a negative net margin of 0.72%. The firm had revenue of $854.40 million for the quarter, compared to the consensus estimate of $881.15 million. During the same quarter in the previous year, the business posted $0.57 EPS. TreeHouse Foods’s revenue was down 1.0% on a year-over-year basis. TreeHouse Foods updated its FY 2024 guidance to EPS and its Q4 2024 guidance to EPS.

TreeHouse Foods Price Performance

NYSE:THS traded down $0.58 during trading hours on Wednesday, hitting $31.29. 430,108 shares of the stock were exchanged, compared to its average volume of 504,380. The company has a market cap of $1.65 billion, a P/E ratio of -66.10 and a beta of 0.23. The firm’s fifty day moving average price is $40.06 and its 200 day moving average price is $38.33. TreeHouse Foods has a 52-week low of $28.04 and a 52-week high of $43.84. The company has a current ratio of 1.40, a quick ratio of 0.52 and a debt-to-equity ratio of 0.90.

Analysts Set New Price Targets

Several brokerages have recently weighed in on THS. StockNews.com raised shares of TreeHouse Foods from a “sell” rating to a “hold” rating in a research note on Tuesday, August 6th. Mizuho upped their price target on TreeHouse Foods from $37.00 to $40.00 and gave the stock a “neutral” rating in a research report on Monday, August 26th. Stifel Nicolaus dropped their price target on TreeHouse Foods from $41.00 to $32.00 and set a “hold” rating on the stock in a research note on Wednesday. Finally, Barclays cut their price objective on TreeHouse Foods from $39.00 to $32.00 and set an “equal weight” rating on the stock in a report on Wednesday. Six research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $35.20.

Insider Transactions at TreeHouse Foods

In other news, EVP Kristy N. Waterman sold 3,000 shares of the firm’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $42.34, for a total value of $127,020.00. Following the transaction, the executive vice president now directly owns 20,784 shares of the company’s stock, valued at approximately $879,994.56. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 0.90% of the company’s stock.

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.