William Blair Comments on TreeHouse Foods, Inc.’s Q2 2022 Earnings (NYSE:THS)

TreeHouse Foods, Inc. (NYSE:THSGet Rating) – Equities researchers at William Blair lowered their Q2 2022 earnings estimates for shares of TreeHouse Foods in a report issued on Monday, May 9th. William Blair analyst J. Andersen now anticipates that the company will post earnings per share of ($0.17) for the quarter, down from their previous estimate of ($0.06). William Blair also issued estimates for TreeHouse Foods’ FY2022 earnings at $1.19 EPS.

Other analysts have also issued research reports about the company. StockNews.com assumed coverage on TreeHouse Foods in a research note on Thursday, March 31st. They set a “hold” rating on the stock. TheStreet lowered TreeHouse Foods from a “c” rating to a “d+” rating in a research note on Monday, February 14th. Zacks Investment Research downgraded TreeHouse Foods from a “hold” rating to a “strong sell” rating and set a $35.00 target price on the stock. in a research report on Wednesday, February 16th. Finally, Truist Financial reduced their target price on TreeHouse Foods from $40.00 to $35.00 in a research report on Tuesday, March 22nd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $36.67.

THS opened at $38.81 on Thursday. The company has a quick ratio of 0.54, a current ratio of 1.18 and a debt-to-equity ratio of 1.02. The firm has a market cap of $2.17 billion, a P/E ratio of -129.37 and a beta of 0.46. TreeHouse Foods has a 52 week low of $29.47 and a 52 week high of $52.17. The business’s fifty day simple moving average is $33.20 and its 200 day simple moving average is $37.08.

TreeHouse Foods (NYSE:THSGet Rating) last posted its earnings results on Monday, May 9th. The company reported ($0.15) earnings per share for the quarter, beating the consensus estimate of ($0.52) by $0.37. The company had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.09 billion. TreeHouse Foods had a positive return on equity of 2.03% and a negative net margin of 0.39%. TreeHouse Foods’s revenue was up 7.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.36 earnings per share.

Several institutional investors have recently added to or reduced their stakes in THS. BlackRock Inc. grew its stake in shares of TreeHouse Foods by 3.8% in the fourth quarter. BlackRock Inc. now owns 8,780,765 shares of the company’s stock valued at $355,885,000 after buying an additional 317,500 shares in the last quarter. Jana Partners LLC grew its stake in shares of TreeHouse Foods by 35.1% in the third quarter. Jana Partners LLC now owns 5,156,863 shares of the company’s stock valued at $205,656,000 after buying an additional 1,338,995 shares in the last quarter. Shapiro Capital Management LLC grew its stake in shares of TreeHouse Foods by 47.7% in the first quarter. Shapiro Capital Management LLC now owns 2,628,233 shares of the company’s stock valued at $84,787,000 after buying an additional 848,909 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of TreeHouse Foods by 21.5% in the first quarter. Dimensional Fund Advisors LP now owns 2,100,638 shares of the company’s stock valued at $67,767,000 after buying an additional 371,394 shares in the last quarter. Finally, State Street Corp grew its stake in TreeHouse Foods by 4.3% during the 4th quarter. State Street Corp now owns 1,910,615 shares of the company’s stock valued at $77,437,000 after purchasing an additional 78,584 shares in the last quarter.

TreeHouse Foods Company Profile (Get Rating)

TreeHouse Foods, Inc manufactures and distributes private label foods and beverages in the United States and internationally. It operates through two segments, Meal Preparation, and Snacking & Beverages. The Meal Preparation segment provides aseptic cheese and pudding products; baking and mix powders; hot cereals; jams, preserves, and jellies; liquid and powdered non-dairy creamers; macaroni and cheese; mayonnaise; Mexican, barbeque, and other sauces; pastas; pickles and related products; powdered soups and gravies; refrigerated and shelf stable dressings and sauces; refrigerated dough; single serve hot beverages; skillet dinners; and table and flavored syrups.

See Also

Earnings History and Estimates for TreeHouse Foods (NYSE:THS)

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