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

TreeHouse Foods (NYSE:THS) released its quarterly earnings data on Tuesday. The company reported $0.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.75 by ($0.01), Zacks reports. TreeHouse Foods had a negative net margin of 0.72% and a positive return on equity of 5.94%. The business had revenue of $854.40 million during the quarter, compared to analyst estimates of $881.15 million. During the same period in the previous year, the firm posted $0.57 EPS. The firm’s revenue for the quarter 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 opened at $31.59 on Thursday. The firm has a market cap of $1.66 billion, a PE ratio of -67.20 and a beta of 0.23. TreeHouse Foods has a 12 month low of $28.04 and a 12 month high of $43.84. The company has a quick ratio of 0.52, a current ratio of 1.40 and a debt-to-equity ratio of 0.90. The company’s 50-day moving average price is $39.87 and its two-hundred day moving average price is $38.28.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on THS. Truist Financial reduced their price objective on shares of TreeHouse Foods from $35.00 to $30.00 and set a “hold” rating for the company in a research note on Wednesday. Barclays dropped their price objective on shares of TreeHouse Foods from $39.00 to $32.00 and set an “equal weight” rating on the stock in a report on Wednesday. Stifel Nicolaus dropped their price objective on shares of TreeHouse Foods from $41.00 to $32.00 and set a “hold” rating on the stock in a report on Wednesday. StockNews.com raised shares of TreeHouse Foods from a “sell” rating to a “hold” rating in a research note on Tuesday, August 6th. Finally, Mizuho boosted their price target on shares of TreeHouse Foods from $37.00 to $40.00 and gave the company a “neutral” rating in a research report on Monday, August 26th. Six investment analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $34.20.

Insider Buying and Selling at TreeHouse Foods

In other TreeHouse Foods news, EVP Kristy N. Waterman sold 3,000 shares of the business’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 in the company, valued at $879,994.56. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company 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.