TreeHouse Foods (NYSE:THS) Announces Earnings Results

TreeHouse Foods (NYSE:THS) announced 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 business had revenue of $854.40 million for the quarter, compared to the consensus estimate of $881.15 million. TreeHouse Foods had a negative net margin of 0.72% and a positive return on equity of 5.94%. The business’s revenue for the quarter was down 1.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.57 EPS. TreeHouse Foods updated its FY 2024 guidance to EPS and its Q4 2024 guidance to EPS.

TreeHouse Foods Price Performance

THS traded down $0.48 on Wednesday, reaching $31.39. The company had a trading volume of 540,114 shares, compared to its average volume of 504,880. The business has a 50 day simple moving average of $40.06 and a 200 day simple moving average of $38.33. The company has a market cap of $1.65 billion, a price-to-earnings ratio of -66.10 and a beta of 0.23. 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 52-week low of $28.04 and a 52-week high of $43.84.

Analysts Set New Price Targets

THS has been the subject of a number of recent research reports. Stifel Nicolaus decreased their price target on shares of TreeHouse Foods from $41.00 to $32.00 and set a “hold” rating for the company in a research note on Wednesday. Mizuho upped their target price on shares of TreeHouse Foods from $37.00 to $40.00 and gave the stock a “neutral” rating in a research note on Monday, August 26th. Barclays reduced 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 note on Wednesday. Finally, StockNews.com upgraded shares of TreeHouse Foods from a “sell” rating to a “hold” rating in a research note on Tuesday, August 6th. Six analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $35.20.

Insider Buying and Selling at TreeHouse Foods

In other TreeHouse Foods news, EVP Kristy N. Waterman sold 3,000 shares of the stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $42.34, for a total transaction of $127,020.00. Following the transaction, the executive vice president now directly owns 20,784 shares in the company, valued at $879,994.56. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.90% of the company’s stock.

About TreeHouse Foods

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.