TreeHouse Foods (NYSE:THS) Issues Earnings Results, Beats Expectations By $0.16 EPS

TreeHouse Foods (NYSE:THS) issued its quarterly earnings results on Monday. The company reported $0.29 EPS for the quarter, topping the consensus estimate of $0.13 by $0.16, Briefing.com reports. The company had revenue of $788.50 million during the quarter, compared to analyst estimates of $784.10 million. TreeHouse Foods had a net margin of 0.76% and a return on equity of 5.81%. The firm’s revenue was down 1.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.42 EPS. TreeHouse Foods updated its FY 2024 guidance to EPS and its Q3 2024 guidance to EPS.

TreeHouse Foods Trading Up 2.1 %

Shares of NYSE:THS traded up $0.80 during mid-day trading on Wednesday, reaching $38.09. 152,837 shares of the company were exchanged, compared to its average volume of 507,915. The firm has a market cap of $2.00 billion, a price-to-earnings ratio of 81.07 and a beta of 0.24. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.52 and a quick ratio of 0.66. TreeHouse Foods has a 1 year low of $33.28 and a 1 year high of $49.49. The firm’s 50-day simple moving average is $37.16 and its 200 day simple moving average is $37.57.

Insiders Place Their Bets

In other news, SVP Stephen Alan Landry sold 3,723 shares of the company’s stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $34.99, for a total transaction of $130,267.77. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.90% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. TD Cowen reduced their price objective on TreeHouse Foods from $38.00 to $37.00 and set a “hold” rating on the stock in a research report on Tuesday, May 7th. StockNews.com upgraded TreeHouse Foods from a “sell” rating to a “hold” rating in a report on Tuesday. Mizuho assumed coverage on shares of TreeHouse Foods in a report on Thursday, June 6th. They issued a “neutral” rating and a $37.00 price objective for the company. Barclays boosted their target price on shares of TreeHouse Foods from $36.00 to $39.00 and gave the company an “equal weight” rating in a report on Tuesday. Finally, Stifel Nicolaus raised their price target on shares of TreeHouse Foods from $36.00 to $41.00 and gave the stock a “hold” rating in a report on Tuesday. Seven equities research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $39.50.

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.