Wall Street analysts forecast that TreeHouse Foods Inc. (NYSE:THS) will post $0.55 earnings per share for the current quarter, Zacks Investment Research reports. Six analysts have made estimates for TreeHouse Foods’ earnings, with the highest EPS estimate coming in at $0.58 and the lowest estimate coming in at $0.50. TreeHouse Foods reported earnings of $0.67 per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 17.9%. The business is expected to announce its next earnings results on Thursday, November 1st.

On average, analysts expect that TreeHouse Foods will report full-year earnings of $2.14 per share for the current financial year, with EPS estimates ranging from $2.00 to $2.22. For the next financial year, analysts anticipate that the firm will report earnings of $2.62 per share, with EPS estimates ranging from $2.45 to $3.00. Zacks’ earnings per share averages are a mean average based on a survey of research firms that that provide coverage for TreeHouse Foods.

TreeHouse Foods (NYSE:THS) last released its quarterly earnings results on Thursday, August 2nd. The company reported $0.37 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.25 by $0.12. TreeHouse Foods had a negative net margin of 5.41% and a positive return on equity of 5.54%. The company had revenue of $1.46 billion during the quarter, compared to analysts’ expectations of $1.41 billion. During the same period in the prior year, the company earned $0.51 earnings per share. The business’s quarterly revenue was down 4.4% compared to the same quarter last year.

A number of equities research analysts have issued reports on the stock. ValuEngine cut shares of TreeHouse Foods from a “hold” rating to a “sell” rating in a report on Wednesday. Susquehanna Bancshares increased their target price on shares of TreeHouse Foods from $45.00 to $46.00 and gave the company a “neutral” rating in a research note on Thursday. Zacks Investment Research upgraded shares of TreeHouse Foods from a “hold” rating to a “buy” rating and set a $54.00 target price for the company in a research note on Tuesday, August 14th. JPMorgan Chase & Co. upgraded shares of TreeHouse Foods from an “underweight” rating to a “neutral” rating and set a $39.00 target price for the company in a research note on Friday, August 3rd. Finally, Barclays reiterated a “hold” rating and issued a $53.00 target price on shares of TreeHouse Foods in a research note on Sunday, August 5th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and four have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $48.92.

THS stock traded down $1.19 during mid-day trading on Friday, reaching $52.05. 627,169 shares of the stock traded hands, compared to its average volume of 491,385. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.02 and a quick ratio of 0.69. TreeHouse Foods has a 52 week low of $36.35 and a 52 week high of $68.90. The stock has a market capitalization of $2.93 billion, a price-to-earnings ratio of 23.24, a price-to-earnings-growth ratio of 4.93 and a beta of 0.45.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp lifted its stake in TreeHouse Foods by 1.9% during the second quarter. Bank of New York Mellon Corp now owns 713,020 shares of the company’s stock worth $37,441,000 after purchasing an additional 13,408 shares during the period. WINTON GROUP Ltd bought a new position in TreeHouse Foods during the second quarter worth about $13,362,000. Nomura Holdings Inc. bought a new position in TreeHouse Foods during the second quarter worth about $418,000. MAI Capital Management bought a new position in TreeHouse Foods during the second quarter worth about $307,000. Finally, Cubist Systematic Strategies LLC lifted its stake in TreeHouse Foods by 154.7% during the second quarter. Cubist Systematic Strategies LLC now owns 17,330 shares of the company’s stock worth $910,000 after purchasing an additional 10,525 shares during the period.

TreeHouse Foods Company Profile

TreeHouse Foods, Inc operates as a food and beverage manufacturer in the United States, Canada, and Italy. The company operates through Baked Goods, Beverages, Condiments, Meals, and Snacks segments. The Baked Goods segment offers candies, cookies, crackers, in-store bakery products, pita chips, pretzels, refrigerated dough, retail griddle waffles, pancakes, and French toasts.

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

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