TreeHouse Foods (NYSE:THS) Releases Earnings Results, Misses Estimates By $0.01 EPS

TreeHouse Foods (NYSE:THS) posted its quarterly earnings results on Tuesday. The company reported $0.74 EPS for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.01), Zacks reports. The company had revenue of $854.40 million during the quarter, compared to analyst estimates of $881.15 million. TreeHouse Foods had a negative net margin of 0.72% and a positive return on equity of 5.94%. The firm’s revenue for the quarter was down 1.0% compared to the same quarter last year. During the same period last year, the firm earned $0.57 EPS. TreeHouse Foods updated its FY 2024 guidance to EPS and its Q4 2024 guidance to EPS.

TreeHouse Foods Stock Up 5.3 %

Shares of THS opened at $33.28 on Friday. The business has a 50-day moving average of $39.69 and a 200-day moving average of $38.24. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.52 and a current ratio of 1.40. TreeHouse Foods has a 1 year low of $28.04 and a 1 year high of $43.84.

Insiders Place Their Bets

In other news, EVP Kristy N. Waterman sold 3,000 shares of TreeHouse Foods stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $42.34, for a total value of $127,020.00. Following the completion of the transaction, the executive vice president now directly owns 20,784 shares of the company’s stock, valued at approximately $879,994.56. This trade represents a 12.61 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.90% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on THS shares. Barclays dropped their target price on shares of TreeHouse Foods from $39.00 to $32.00 and set an “equal weight” rating for the company in a research report on Wednesday. StockNews.com raised TreeHouse Foods from a “sell” rating to a “hold” rating in a report on Tuesday, August 6th. Mizuho upped their price objective on TreeHouse Foods from $37.00 to $40.00 and gave the stock a “neutral” rating in a research report on Monday, August 26th. Truist Financial dropped their target price on shares of TreeHouse Foods from $35.00 to $30.00 and set a “hold” rating for the company in a report on Wednesday. Finally, Stifel Nicolaus decreased their price target on shares of TreeHouse Foods from $41.00 to $32.00 and set a “hold” rating on the stock in a report on Wednesday. Six equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $34.20.

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.