Wall Street brokerages expect that TreeHouse Foods Inc. (NYSE:THS) will post $0.14 earnings per share for the current fiscal quarter, according to Zacks. Six analysts have provided estimates for TreeHouse Foods’ earnings. The highest EPS estimate is $0.18 and the lowest is $0.11. TreeHouse Foods posted earnings of $0.61 per share during the same quarter last year, which indicates a negative year over year growth rate of 77%. The business is scheduled to report its next quarterly earnings report on Thursday, May 3rd.
According to Zacks, analysts expect that TreeHouse Foods will report full-year earnings of $2.19 per share for the current fiscal year, with EPS estimates ranging from $2.00 to $2.80. For the next financial year, analysts expect that the firm will post earnings of $2.56 per share, with EPS estimates ranging from $2.33 to $3.02. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that that provide coverage for TreeHouse Foods.
TreeHouse Foods (NYSE:THS) last announced its quarterly earnings results on Thursday, February 15th. The company reported $1.02 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.93 by $0.09. TreeHouse Foods had a negative net margin of 4.54% and a positive return on equity of 6.49%. The firm had revenue of $1.70 billion during the quarter, compared to the consensus estimate of $1.70 billion. During the same period last year, the firm earned $1.14 EPS. The business’s quarterly revenue was down 4.3% compared to the same quarter last year.
Shares of TreeHouse Foods (NYSE:THS) traded up $0.30 during trading hours on Friday, reaching $43.29. 229,710 shares of the company’s stock traded hands, compared to its average volume of 968,864. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.94 and a current ratio of 2.48. TreeHouse Foods has a 1 year low of $36.35 and a 1 year high of $90.42. The company has a market cap of $2,421.15, a P/E ratio of -8.62, a price-to-earnings-growth ratio of 4.15 and a beta of 0.60.
In related news, CEO Sam K. Reed sold 11,480 shares of TreeHouse Foods stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $42.44, for a total value of $487,211.20. Following the transaction, the chief executive officer now owns 81,147 shares in the company, valued at approximately $3,443,878.68. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Thomas Emmet Oneill III sold 36,100 shares of TreeHouse Foods stock in a transaction on Tuesday, March 6th. The stock was sold at an average price of $42.02, for a total transaction of $1,516,922.00. Following the completion of the transaction, the vice president now owns 168,479 shares in the company, valued at approximately $7,079,487.58. The disclosure for this sale can be found here. Insiders have sold a total of 70,540 shares of company stock valued at $3,050,650 over the last ninety days. 3.60% of the stock is currently owned by insiders.
A number of large investors have recently modified their holdings of the stock. Xact Kapitalforvaltning AB purchased a new position in TreeHouse Foods in the 4th quarter worth $272,000. MetLife Investment Advisors LLC purchased a new position in TreeHouse Foods in the 4th quarter worth $1,790,000. Jane Street Group LLC purchased a new position in TreeHouse Foods in the 4th quarter worth $2,678,000. Millennium Management LLC purchased a new position in TreeHouse Foods in the 4th quarter worth $5,137,000. Finally, GCA Investment Management LLC purchased a new position in TreeHouse Foods in the 4th quarter worth $9,599,000.
TreeHouse Foods Company Profile
TreeHouse Foods, Inc is a consumer packaged food and beverage manufacturer. The Company’s segments include North American Retail Grocery, Food Away From Home, and Industrial and Export. The Company manufactures a range of shelf stable, refrigerated, fresh and frozen products. Its product categories include beverages, salad dressings, snack nuts, beverage enhancers, pickles, sauces, cereals, pasta and dry dinners, cookies and crackers, retail bakery, aseptic products, jams and other products.
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