$0.93 EPS Expected for TreeHouse Foods Inc. (THS) This Quarter
Equities research analysts expect that TreeHouse Foods Inc. (NYSE:THS) will post earnings of $0.93 per share for the current quarter, according to Zacks. Six analysts have issued estimates for TreeHouse Foods’ earnings. The highest EPS estimate is $0.96 and the lowest is $0.89. TreeHouse Foods posted earnings of $1.14 per share during the same quarter last year, which would indicate a negative year over year growth rate of 18.4%. The firm is scheduled to report its next earnings results before the market opens on Thursday, February 15th.
On average, analysts expect that TreeHouse Foods will report full-year earnings of $2.73 per share for the current fiscal year, with EPS estimates ranging from $2.70 to $2.76. For the next year, analysts expect that the company will report earnings of $2.78 per share, with EPS estimates ranging from $2.45 to $3.32. Zacks’ EPS averages are an average based on a survey of sell-side research firms that follow TreeHouse Foods.
TreeHouse Foods (NYSE:THS) last issued its earnings results on Thursday, November 2nd. The company reported $0.67 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.78 by ($0.11). TreeHouse Foods had a positive return on equity of 6.61% and a negative net margin of 4.06%. The business had revenue of $1.55 billion for the quarter, compared to analysts’ expectations of $1.52 billion. During the same period last year, the business earned $0.70 EPS. The company’s revenue for the quarter was down 2.4% on a year-over-year basis.
Shares of TreeHouse Foods (THS) traded down $0.57 during trading on Friday, hitting $49.52. 617,300 shares of the company traded hands, compared to its average volume of 708,917. The company has a current ratio of 2.16, a quick ratio of 0.81 and a debt-to-equity ratio of 1.01. TreeHouse Foods has a 12-month low of $40.26 and a 12-month high of $90.42. The stock has a market capitalization of $2,830.00, a PE ratio of -10.98, a PEG ratio of 2.72 and a beta of 0.49.
TreeHouse Foods announced that its board has approved a share repurchase program on Thursday, November 2nd that authorizes the company to buyback $400.00 million in shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s leadership believes its shares are undervalued.
In other news, CEO Sam K. Reed sold 11,480 shares of the business’s stock in a transaction dated Monday, January 8th. The shares were sold at an average price of $49.72, for a total transaction of $570,785.60. Following the completion of the sale, the chief executive officer now owns 81,147 shares of the company’s stock, valued at $4,034,628.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Thomas Emmet Oneill III sold 2,000 shares of the business’s stock in a transaction dated Tuesday, December 5th. The stock was sold at an average price of $45.32, for a total transaction of $90,640.00. Following the sale, the vice president now directly owns 135,019 shares of the company’s stock, valued at approximately $6,119,061.08. The disclosure for this sale can be found here. Insiders have sold 36,440 shares of company stock valued at $1,684,179 in the last three months. Corporate insiders own 3.50% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in THS. Stephens Inc. AR increased its stake in shares of TreeHouse Foods by 12.1% during the second quarter. Stephens Inc. AR now owns 4,288 shares of the company’s stock worth $350,000 after purchasing an additional 463 shares in the last quarter. Teachers Advisors LLC increased its stake in shares of TreeHouse Foods by 5.4% during the second quarter. Teachers Advisors LLC now owns 63,784 shares of the company’s stock worth $5,211,000 after purchasing an additional 3,278 shares in the last quarter. TIAA CREF Investment Management LLC increased its stake in shares of TreeHouse Foods by 1.5% during the second quarter. TIAA CREF Investment Management LLC now owns 189,609 shares of the company’s stock worth $15,489,000 after purchasing an additional 2,887 shares in the last quarter. Ameriprise Financial Inc. increased its stake in shares of TreeHouse Foods by 16.7% during the second quarter. Ameriprise Financial Inc. now owns 251,834 shares of the company’s stock worth $20,573,000 after purchasing an additional 36,078 shares in the last quarter. Finally, Nationwide Fund Advisors increased its stake in shares of TreeHouse Foods by 20.2% during the second quarter. Nationwide Fund Advisors now owns 165,281 shares of the company’s stock worth $13,502,000 after purchasing an additional 27,799 shares in the last quarter.
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About TreeHouse Foods
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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