TreeHouse Foods, Inc. (NYSE:THS) Forecasted to Post Q3 2024 Earnings of $0.81 Per Share

TreeHouse Foods, Inc. (NYSE:THS) – Analysts at William Blair increased their Q3 2024 EPS estimates for TreeHouse Foods in a research report issued to clients and investors on Monday, May 6th. William Blair analyst J. Andersen now forecasts that the company will post earnings per share of $0.81 for the quarter, up from their prior estimate of $0.76. The consensus estimate for TreeHouse Foods’ current full-year earnings is $2.22 per share. William Blair also issued estimates for TreeHouse Foods’ FY2025 earnings at $2.75 EPS.

THS has been the subject of a number of other reports. TD Cowen lowered their price target on TreeHouse Foods from $38.00 to $37.00 and set a “hold” rating for the company in a research note on Tuesday. Stifel Nicolaus lowered their target price on shares of TreeHouse Foods from $38.00 to $36.00 and set a “hold” rating for the company in a research note on Tuesday. Finally, Truist Financial cut shares of TreeHouse Foods from a “buy” rating to a “hold” rating and reduced their price target for the stock from $45.00 to $35.00 in a research report on Tuesday, February 20th. Six analysts have rated the stock with a hold rating, According to MarketBeat, TreeHouse Foods currently has an average rating of “Hold” and an average target price of $44.33.

TreeHouse Foods Trading Up 2.7 %

NYSE:THS opened at $35.52 on Wednesday. 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 1-year low of $33.28 and a 1-year high of $55.30. The firm has a market capitalization of $1.91 billion, a price-to-earnings ratio of 37.38 and a beta of 0.35. The business’s 50-day moving average price is $37.04 and its two-hundred day moving average price is $39.52.

TreeHouse Foods (NYSE:THS) last posted its quarterly earnings results on Monday, May 6th. The company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.01). TreeHouse Foods had a net margin of 1.51% and a return on equity of 8.09%. The company had revenue of $820.70 million during the quarter, compared to analyst estimates of $798.44 million. During the same period last year, the company earned $0.68 EPS. The business’s revenue for the quarter was down 3.9% compared to the same quarter last year.

Institutional Investors Weigh In On TreeHouse Foods

Several institutional investors have recently added to or reduced their stakes in THS. JANA Partners Management LP bought a new position in shares of TreeHouse Foods during the 3rd quarter worth approximately $213,877,000. Dimensional Fund Advisors LP lifted its position in shares of TreeHouse Foods by 4.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,364,605 shares of the company’s stock valued at $139,463,000 after buying an additional 145,261 shares during the last quarter. Wellington Management Group LLP boosted its stake in shares of TreeHouse Foods by 6.5% during the 3rd quarter. Wellington Management Group LLP now owns 1,231,391 shares of the company’s stock worth $53,664,000 after acquiring an additional 75,162 shares during the period. Brown Advisory Inc. increased its holdings in shares of TreeHouse Foods by 20.5% during the 4th quarter. Brown Advisory Inc. now owns 1,123,484 shares of the company’s stock worth $46,568,000 after acquiring an additional 191,157 shares during the last quarter. Finally, New South Capital Management Inc. raised its stake in TreeHouse Foods by 29.0% in the 1st quarter. New South Capital Management Inc. now owns 1,120,149 shares of the company’s stock valued at $43,630,000 after acquiring an additional 251,886 shares during the period. 99.81% of the stock is owned by institutional investors.

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.