FY2024 EPS Estimates for TreeHouse Foods, Inc. Lifted by Analyst (NYSE:THS)

TreeHouse Foods, Inc. (NYSE:THS) – Investment analysts at William Blair upped their FY2024 earnings per share estimates for shares of TreeHouse Foods in a report released on Monday, August 5th. William Blair analyst J. Andersen now forecasts that the company will post earnings of $2.24 per share for the year, up from their previous estimate of $2.16. The consensus estimate for TreeHouse Foods’ current full-year earnings is $2.29 per share. William Blair also issued estimates for TreeHouse Foods’ Q4 2024 earnings at $1.32 EPS and FY2025 earnings at $2.88 EPS.

A number of other equities analysts have also recently issued reports on THS. Stifel Nicolaus increased their target price on TreeHouse Foods from $36.00 to $41.00 and gave the stock a “hold” rating in a report on Tuesday. StockNews.com raised TreeHouse Foods from a “sell” rating to a “hold” rating in a report on Tuesday. Barclays raised their price target on TreeHouse Foods from $36.00 to $39.00 and gave the company an “equal weight” rating in a report on Tuesday. TD Cowen dropped their price target on TreeHouse Foods from $38.00 to $37.00 and set a “hold” rating for the company in a report on Tuesday, May 7th. Finally, Mizuho began coverage on TreeHouse Foods in a report on Thursday, June 6th. They set a “neutral” rating and a $37.00 price target for the company. Seven investment analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $39.50.

TreeHouse Foods Price Performance

Shares of THS stock opened at $39.33 on Wednesday. TreeHouse Foods has a 12 month low of $33.28 and a 12 month high of $48.49. The company has a current ratio of 1.44, a quick ratio of 0.66 and a debt-to-equity ratio of 0.90. The stock has a 50 day moving average of $37.31 and a two-hundred day moving average of $37.58. The company has a market capitalization of $2.07 billion, a P/E ratio of 85.50 and a beta of 0.24.

TreeHouse Foods (NYSE:THS) last posted its quarterly earnings data on Monday, August 5th. The company reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.16. TreeHouse Foods had a positive return on equity of 5.42% and a negative net margin of 0.41%. The business had revenue of $788.50 million during the quarter, compared to analysts’ expectations of $784.10 million. During the same quarter in the previous year, the firm earned $0.42 EPS. The firm’s revenue was down 1.9% compared to the same quarter last year.

Insider Activity

In other news, SVP Stephen Alan Landry sold 3,723 shares of TreeHouse Foods stock in a transaction on Monday, May 13th. The stock was sold at an average price of $34.99, for a total value of $130,267.77. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.90% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in THS. UBS Group AG boosted its position in shares of TreeHouse Foods by 701.4% in the 4th quarter. UBS Group AG now owns 571,535 shares of the company’s stock worth $23,690,000 after purchasing an additional 500,215 shares during the last quarter. Capital Research Global Investors boosted its position in shares of TreeHouse Foods by 52.6% in the 1st quarter. Capital Research Global Investors now owns 950,372 shares of the company’s stock worth $37,017,000 after purchasing an additional 327,448 shares during the last quarter. Norges Bank bought a new position in shares of TreeHouse Foods in the 4th quarter worth $13,547,000. New South Capital Management Inc. boosted its position in shares of TreeHouse Foods by 29.0% in the 1st quarter. New South Capital Management Inc. now owns 1,120,149 shares of the company’s stock worth $43,630,000 after purchasing an additional 251,886 shares during the last quarter. Finally, Brown Advisory Inc. boosted its position in shares of TreeHouse Foods by 20.5% in the 4th quarter. Brown Advisory Inc. now owns 1,123,484 shares of the company’s stock worth $46,568,000 after purchasing an additional 191,157 shares during the last quarter. 99.81% of the stock is currently owned by institutional investors.

About TreeHouse Foods

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.