TreeHouse Foods, Inc. (NYSE:THS) Forecasted to Post FY2024 Earnings of $2.24 Per Share

TreeHouse Foods, Inc. (NYSE:THS) – Analysts at William Blair upped their FY2024 earnings estimates for shares of TreeHouse Foods in a research note issued to investors on Monday, August 5th. William Blair analyst J. Andersen now forecasts that the company will earn $2.24 per share for the year, up from their prior 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.

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

Other research analysts have also recently issued reports about the stock. Stifel Nicolaus increased their price target on shares of TreeHouse Foods from $36.00 to $41.00 and gave the company a “hold” rating in a report on Tuesday. TD Cowen lowered their price target on shares of TreeHouse Foods from $38.00 to $37.00 and set a “hold” rating on the stock in a report on Tuesday, May 7th. 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 target on the stock. Barclays raised their target price on shares of TreeHouse Foods from $36.00 to $39.00 and gave the stock an “equal weight” rating in a report on Tuesday. Finally, StockNews.com raised shares of TreeHouse Foods from a “sell” rating to a “hold” rating in a report on Tuesday. Seven equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $39.50.

TreeHouse Foods Stock Up 2.6 %

Shares of THS stock opened at $39.33 on Wednesday. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.66 and a current ratio of 1.44. The firm’s 50-day moving average is $37.31 and its 200-day moving average is $37.58. The stock has a market cap of $2.07 billion, a price-to-earnings ratio of 85.50 and a beta of 0.24. TreeHouse Foods has a 52-week low of $33.28 and a 52-week high of $48.49.

Insider Buying and Selling

In related news, SVP Stephen Alan Landry sold 3,723 shares of the stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $34.99, for a total transaction of $130,267.77. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 0.90% of the stock is currently owned by company insiders.

Institutional Trading of TreeHouse Foods

Large investors have recently made changes to their positions in the company. Innealta Capital LLC acquired a new stake in shares of TreeHouse Foods during the 2nd quarter worth approximately $44,000. GAMMA Investing LLC acquired a new stake in TreeHouse Foods in the fourth quarter valued at approximately $52,000. Central Pacific Bank Trust Division acquired a new stake in TreeHouse Foods in the first quarter valued at approximately $48,000. Rothschild Investment LLC acquired a new stake in TreeHouse Foods in the second quarter valued at approximately $67,000. Finally, TFO Wealth Partners LLC boosted its position in TreeHouse Foods by 78,600.0% in the fourth quarter. TFO Wealth Partners LLC now owns 2,361 shares of the company’s stock valued at $98,000 after buying an additional 2,358 shares in the last quarter. Institutional investors and hedge funds own 99.81% of the company’s stock.

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.