TreeHouse Foods Inc. (NYSE:THS) – SunTrust Banks increased their FY2018 earnings per share estimates for TreeHouse Foods in a research note issued on Monday. SunTrust Banks analyst W. Chappell now expects that the company will post earnings of $3.32 per share for the year, up from their prior estimate of $2.82.
TreeHouse Foods (NYSE:THS) last announced its earnings results on Thursday, November 2nd. The company reported $0.67 EPS for the quarter, missing the consensus estimate of $0.78 by ($0.11). The company had revenue of $1.55 billion for the quarter, compared to analysts’ expectations of $1.52 billion. TreeHouse Foods had a negative net margin of 4.06% and a positive return on equity of 6.61%. The business’s quarterly revenue was down 2.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.70 earnings per share.
Several other equities research analysts also recently commented on the company. Zacks Investment Research upgraded TreeHouse Foods from a “sell” rating to a “hold” rating in a report on Wednesday. Wells Fargo & Co set a $46.00 target price on TreeHouse Foods and gave the company a “hold” rating in a report on Thursday, January 4th. JPMorgan Chase & Co. set a $39.00 target price on TreeHouse Foods and gave the company a “sell” rating in a report on Wednesday, December 13th. Wolfe Research assumed coverage on TreeHouse Foods in a report on Monday, December 4th. They set a “market perform” rating on the stock. Finally, Vertical Group upgraded TreeHouse Foods from a “hold” rating to a “buy” rating in a report on Thursday, November 16th. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $59.90.
Shares of TreeHouse Foods (NYSE THS) traded up $0.22 during trading hours on Wednesday, hitting $49.10. The company had a trading volume of 509,500 shares, compared to its average volume of 688,487. The stock has a market cap of $2,780.00, a P/E ratio of -10.89, a P/E/G ratio of 2.76 and a beta of 0.49. The company has a current ratio of 2.16, a quick ratio of 0.81 and a debt-to-equity ratio of 1.01. TreeHouse Foods has a 1-year low of $40.26 and a 1-year high of $90.42.
TreeHouse Foods declared that its Board of Directors has approved a stock repurchase program on Thursday, November 2nd that permits the company to repurchase $400.00 million in shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s management believes its shares are undervalued.
In other TreeHouse Foods news, Director Gary Dale Smith acquired 2,000 shares of the company’s stock in a transaction on Tuesday, November 7th. The shares were bought at an average cost of $42.64 per share, for a total transaction of $85,280.00. Following the acquisition, the director now directly owns 271 shares of the company’s stock, valued at $11,555.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Sam K. Reed sold 11,480 shares of TreeHouse Foods stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $42.73, for a total value of $490,540.40. Following the sale, the chief executive officer now owns 80,747 shares in the company, valued at $3,450,319.31. The disclosure for this sale can be found here. Insiders have sold a total of 36,440 shares of company stock worth $1,684,179 over the last 90 days. 3.50% of the stock is owned by company insiders.
Several institutional investors and hedge funds have recently modified their holdings of the company. Americafirst Capital Management LLC acquired a new position in shares of TreeHouse Foods in the 3rd quarter worth approximately $401,000. Neuberger Berman Group LLC grew its position in shares of TreeHouse Foods by 130.2% in the 3rd quarter. Neuberger Berman Group LLC now owns 706,996 shares of the company’s stock worth $47,885,000 after acquiring an additional 399,825 shares in the last quarter. Zions Bancorporation acquired a new position in shares of TreeHouse Foods in the 3rd quarter worth approximately $212,000. Cornerstone Capital Management Holdings LLC. grew its position in shares of TreeHouse Foods by 37.6% in the 3rd quarter. Cornerstone Capital Management Holdings LLC. now owns 101,293 shares of the company’s stock worth $6,859,000 after acquiring an additional 27,667 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. grew its position in shares of TreeHouse Foods by 28.4% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 90,763 shares of the company’s stock worth $6,148,000 after acquiring an additional 20,092 shares in the last quarter.
TreeHouse Foods Company Profile
TreeHouse Foods, Inc is a consumer packaged food and beverage manufacturer. The Company’s segments include North American Retail Grocery, Food Away From Home, and Industrial and Export. The Company manufactures a range of shelf stable, refrigerated, fresh and frozen products. Its product categories include beverages, salad dressings, snack nuts, beverage enhancers, pickles, sauces, cereals, pasta and dry dinners, cookies and crackers, retail bakery, aseptic products, jams and other products.
Receive News & Ratings for TreeHouse Foods Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TreeHouse Foods and related companies with MarketBeat.com's FREE daily email newsletter.