TreeHouse Foods (THS) to Release Quarterly Earnings on Monday

TreeHouse Foods (NYSE:THS) will be announcing its earnings results before the market opens on Monday, May 6th. Analysts expect the company to announce earnings of ($0.02) per share for the quarter. TreeHouse Foods has set its FY 2024 guidance at EPS and its Q1 2024 guidance at EPS.Investors that wish to listen to the company’s conference call can do so using this link.

TreeHouse Foods (NYSE:THS) last posted its quarterly earnings data on Friday, February 16th. The company reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.71 by $0.06. TreeHouse Foods had a return on equity of 8.09% and a net margin of 1.51%. The company had revenue of $910.60 million for the quarter, compared to analysts’ expectations of $924.87 million. During the same period in the previous year, the firm posted $0.98 EPS. TreeHouse Foods’s revenue was down 8.6% compared to the same quarter last year. On average, analysts expect TreeHouse Foods to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

TreeHouse Foods Trading Down 0.2 %

THS stock opened at $35.84 on Monday. The company has a current ratio of 1.50, a quick ratio of 0.74 and a debt-to-equity ratio of 0.84. TreeHouse Foods has a 12-month low of $34.76 and a 12-month high of $55.30. The stock has a market cap of $1.93 billion, a price-to-earnings ratio of 37.73 and a beta of 0.35. The business’s 50-day moving average is $36.98 and its 200 day moving average is $39.73.

Analysts Set New Price Targets

Separately, Truist Financial cut TreeHouse Foods from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $45.00 to $35.00 in a report on Tuesday, February 20th. Six equities research analysts have rated the stock with a hold rating, According to MarketBeat, TreeHouse Foods presently has an average rating of “Hold” and a consensus price target of $46.67.

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.